Low-Carbon Development in Latin America

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Low-Carbon Development in Latin America ( low-carbon-development-latin-america )

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3.2. Low-carbon growth potential Low carbon economic development should prioritise the eradication of energy poverty and inequality, particularly in rural populations, focusing on the most vulnerable populations, taking a gender approach and considering the sustainability of the measures to be implemented. Mitigation measures are essential to make progress on low-carbon development. Countries should identify carbon-intensive activities and feasible mitigation measures for each identified sector. Mitigation measures should prioritise energy saving, through awareness campaigns in specific sectors to change consumption habits; efficiency measures to reduce consumption of primary or secondary sources of energy; use of renewable energy to replace energy from non-renewable sources; and using low-carbon fuels to replace carbon-intense fuels. An assessment should be made incorporating technical, economic, social and environmental aspects, in order to determine the cost of each of the measures and the potential emissions reductions. Typically the measures that allow greater emissions reduction are also cost effective. For example, Mexico is promoting energy efficiency initiatives in the public sector (eg changes of inefficient desktop computers), programmes to increase end-use energy efficiency (eg replacing inefficient bulbs or electronic appliances) and the development of capabilities at a user level (changes in energy-use habits), technical level (measurements) and at a professional level (assessment and implementation of measures). Mitigation measures will not be the same in all cases as they depend on local conditions. Countries must plan measures for the long term, engaging the relevant sectors. For example, in the case of Brazil, Bolivia and Peru, deforestation was identified as the main GHG source, which is why countries have taken action to reduce the loss of forests. But emissions from energy are also an increasing concern. The implementation of mitigation measures will require, in many cases, the establishment of subsidies, changes in laws and regulations, capacity building and technical studies, among other things. Furthermore, a monitoring and reporting system is required that integrates technical and economic factors as well as social and environmental impacts, improving all aspects as the project is implemented. 3.2.1. Low-carbon options Based on projected annual economic growth of approximately 3% for the coming decades,68 Latin America and the Caribbean will need to double the installed capacity for power generation up to 600 Gigawatts (GW) by 2050, at a cost of 430 billion dollars,69 when electricity demand will reach approximately 3.5 petawatt hours per year.70 As a result, under the current development model, emissions are expected to double.71 However, recent assessments show that the region has an untapped potential for renewable electricity generation of 78 PWh/yr and in terms of power 34 terawatts (TW).72 Even without considering hydropower, this is 22 times the demand required by 2050. The distribution of renewable energy potential for power generation is shown in the following table. Hydropower is estimated to have a potential of 800 GW,73 but considering the problems described above, its real potential must be much lower, as it depends on finding appropriate locations. Micro and small hydroelectric plants are an important solution to serve rural populations, as well as an option to improve energy distribution. These figures indicate that there are sufficient renewable resources from solar, wind, wave, geothermal and biomass to plan for low-carbon development. Yet energy efficiency measures and energy saving should be prioritised, in order to improve the region’s sustainability. A study by the International Renewable Energy Agency about the levelised cost of electricity (the cost of electricity over the lifetime of energy output) in Latin America and the Caribbean, shows that renewable systems are more cost effective (Figure 9). 20 Low-Carbon Development in Latin America and the Caribbean: Evolution, experiences and challenges

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