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Support to Energy and Climate Partnerships

The objective of the two proposed Ministerials is to move forward on regional energy integration and climate change activities by addressing political and logistical barriers to their implementation through high-level, ministerial dialogues. Latin America and the Caribbean (LAC) confront a critical energy situation. While the region, on average, has large oil reserves and significant hydroelectric generation capacity, these resources are unevenly distributed and some countries are not able to keep pace with the growing demand for energy to fuel economic growth and development. The high price of oil and natural gas has increased the energy bills for the majority of the countries in the region. Unlike previous energy crises, this one has the added dimension of an environmental challenge: all countries are vulnerable to the potential significant impacts of climate change which are expected to materialize under various scenarios. The poorest countries in LAC are usually the most vulnerable. At the same time, LAC has sources of non-conventional renewable energy, which have largely been untapped (i.e., geothermal, biomass, wind and solar, among others), and energy efficiency, which remains the cheapest and least utilized source of energy.

Project Detail

Country

Regional

Project Number

RG-T2319

Approval Date

June 19, 2013

Project Status

Closed

Project Type

Technical Cooperation

Sector

ENERGY

Subsector

ENERGY

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 485,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 485,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-13863-RG Sovereign Guaranteed USD - United States Dollar Nonreimbursable
Operation Number ATN/OC-13863-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund:
  • Financial Instrument: Nonreimbursable
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