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dc.titleRenewable Energy and Energy Storage Value Chains in Latin America and the Caribbean
dc.contributor.authorParés Olguín, Francisco
dc.contributor.authorBusch, Pablo
dc.contributor.editorParedes, Juan Roberto
dc.contributor.editorNunes da Cunha, Natascha
dc.contributor.editorSucre, Carlos
dc.contributor.orgunitEnergy Division
dc.coverageLatin America
dc.coverageThe Caribbean
dc.date.available2024-10-15T00:10:00
dc.date.issue2024-10-15T00:10:00
dc.description.abstractThis document is a critical analysis of the role that Latin America and the Caribbean (LAC) can play in the global energy transition and presents recommendations to take advantage of the development opportunity that exist. The document addresses each of the five stages of the value chain - extraction, refining, manufacture, market use, and end of life - focusing on three key technologies: solar panels, wind turbines and lithium batteries. For each stage, opportunities, challenges and recommendations for LAC are defined, focusing in particular on Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Jamaica, Mexico, Panama, Peru and Venezuela, given that these countries have significant mineral reserves, existing mining industries and/or more advanced industry that could participate in manufacturing stages of the value chain. The document is based on four recent research projects prepared by the IDB, which report on the efforts and work carried out by the Bank to promote and encourage the development of LAC in this area. The main messages of the document are summarized as follows: (1) The global energy transition presents an important economic opportunity for the development of LAC, while the production of these technologies contributes to the global fight against climate change. (2) LAC has a unique advantage in concentrating the majority of critical minerals worldwide at competitive extraction costs and to capture greater benefits in the value chain, it must exploit and expand its comparative advantages: mineral reserves, qualified labor, strategic positioning as a commercial ally of the United States and Europe, and access to port infrastructure for exports. (3) Mining extraction requires achieving and maintaining a social license to operate, so industry must go beyond national legislation on environmental and social issues. (4) Strategic alliances between countries in the region are key to compete globally in more complex stages of the value chain. (5) For the end of life of clean energy technologies, the absence of a comprehensive regulatory framework generates deficiencies in the valorization of the resource, lack of private investment, and encourages informality.
dc.format.extent65
dc.identifier.doihttp://dx.doi.org/10.18235/0013197
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Renewable-Energy-and-Energy-Storage-Value-Chains-in-Latin-America-and-the-Caribbean.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Cadenas-de-valor-de-energias-renovables-y-almacenamiento-de-energia-en-America-Latina-y-el-Caribe.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectInvestment
dc.subjectElectric Battery
dc.subjectIndustry
dc.subjectScience and Technology
dc.subjectRenewable Energy
dc.subjectWind Power
dc.subjectValue Chain
dc.subjectManufacturing Industry
dc.subjectEnergy Transition
dc.subjectRaw Material
dc.subjectSolar Energy
dc.subjectMining Industry
dc.subjectEnergy and Mining
dc.subjectExtractive Industry
dc.subjectIndustrial Policy
dc.subjectSupply Chain
dc.subjectRecycling
dc.subject.jelcodeQ32 - Exhaustible Resources and Economic Development
dc.subject.jelcodeQ42 - Alternative Energy Sources
dc.subject.jelcodeL72 - Mining, Extraction, and Refining: Other Nonrenewable Resources
dc.subject.jelcodeO13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products
dc.subject.jelcodeO14 - Industrialization • Manufacturing and Service Industries • Choice of Technology
dc.subject.jelcodeO25 - Industrial Policy
dc.subject.keywordsRenewable energy;energy storage;Value Chains;Mining;Industrial policy;Energy Transition;Solar Energy;wind energy;Battery;supply chain;recycling;mining industry;energy and mining;Extractive Industry
dc.typeTechnical Notes
idb.identifier.pubnumberIDB-TN-03019
idb.operationRG-T4188
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