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Permanent Secretariat Extra-Regional Relations 21 III. THE ENERGY MATRIX The origin of energy sources is among the conditions requisite and necessary to move towards a green economy, as it is a basic, fundamental and essential resource in any production function and ought to be taken into account in implementing any policy intended to green a brown economy. In this section, an analysis is conducted of the energy matrix in the region, where certainly carbon prevails, that is, petroleum, natural gas and coal, which are significant CO2 generators. Furthermore, current renewable energy sources in LAC are reviewed, namely: wind, solar, hydraulic, geothermal energy and biomass, among others, as well as the regional potential to develop them. In this way, we will be able to ascertain in a more precise way the possibilities of moving from a carbon- based economy towards an economy of renewable, clean energy sources. Energy Matrix of Latin America and the Caribbean20 Outlook of energy production in LAC in 2009 In 2009, the energy output in LAC amounted to 7,424.4 million barrels of oil equivalent (mboe), a 1.1% drop compared with the previous year (7,507.6 mboe), as a result of the world financial-economic crisis in late 2008, bringing about a fall of the regional GDP to 1.75%21 and a subsequent reduction of the energy domestic consumption together with a plunge in energy imports and exports in the region by 3.8% and 8.4%, respectively. 20 The statistical data released by the Latin American Energy Organization (OLADE) in its Energy Statistics Reports 2004-2009 have been used in this analysis. 21 International Monetary Fund. http://www.imf.org/external/pubs/ft/weo/2011/02/weodata/weorept.aspx?sy=2000&ey=2016&scsm=1&ssd=1&s ort=country&ds=.&br=1&c=205&s=NGDP_RPCH&grp=1&a=1&pr1.x=46&pr1.y=9PDF Image | green economy In Latin America and the Caribbean
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