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EXECUTIVE SUMMARY This document aims to address research, development, and innovation (RD&I) issues regarding the use of renewable energy resources in Latin America and the Caribbean (LAC). This is fundamental for decreasing natural risks and saving biodiversity. Be- sides, it will greatly improve the living conditions of communities that are not connected to power grids. An overview of the global and regional energy situation is introduced, indicating the risks of maintaining the existing structure of the World Energy Matrix, with its highly depending on fossil fuels. Those risks include the quick depletion of proven oil reserves in relation to global oil consumption, the environmental hazards associated to fossil fuels —especially greenhouse gas emissions (GHG) and the consequent global climate change—, and the concentration of world’s reserves in a small number of countries. On the other hand, the potential of the main renewable energy sources (biomass, wind, and solar energies) in LAC is discussed. And finally, a list of research and development pri- orities is presented. Renewable energy made up roughly 100 percent of the available energy sources until the beginning of the Eighteenth Century. Scientific and technological development, together with the exploitation of accessible coal reserves and —at the end of the Nineteenth Century— the discovery crude oil and its derivatives, including natural gas, made our global society deeply dependent on fossil energy sources. During almost one century —from 1880 to 1970—, the adjusted price of crude oil on the international mar- ket oscillated around 15.00 USD/barrel, allowing our global society to embrace a dream of virtually infinite low-cost energy, or what may be called, a bonus without onus. 5PDF Image | SUSTAINABLE ENERGY IN LATIN AMERICA CARIBBEAN
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