Energy – Latin America
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Emissions in Latin America are driven mainly by energy and given the low emission base, there is scope to produce dual wins by concentrating future energy investments into renewable energy (such as hydropower) which can help expand energy supply, meeting growing population needs, but also keeping emissions from the sector low.
Renewable energy is already a cost effective solution for energy production in rural areas if Brazil, wider adoption of such technologies across Latin America could have significant positive impacts for livelihoods and productivity in rural areas whilst maintaining low emission levels. Efficiency measures in industry (i.e. substituting coke with charcoal for iron smelting or improving the energy efficiency of industrial machinery) can be cost efficient and improve productivity in the manufacturing sector across Latin America. Coupled with existing reductions in energy intensity (i.e. in Mexico) these changes can reduce production costs (increasing competitiveness) and maintain (or even lowering) emissions in the continent.