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As of June 2008, oil price skyrocketed to 147.00 USD/barrel; more than 1000 percent increase in just one year. As global society became aware of the costs and risks of maintaining the existing world energy matrix, several initiatives like the Kyoto Protocol, which represent nowa- days a paradigm for international action, aimed to reduce the impact of greenhouse gas emissions into the atmosphere. National governments are issuing public policies to promote the use of renewable energy sources and the recycling of materials, in order to reduce the negative impacts of our widespread dependency on fossil fuels. These incen- tives encompass end users, business chains, and RD&I institutions. Scientific and technological advances are essential to promote a progressive change, from the present energy matrix to a more sustainable one in the near future. Thus, analysis of the different renewable energy sources indicated that biomass, solar, and wind energies are promising alternatives for centralized or scattered power produc- tion in LAC. These, together with small-scale hydropower plants, are also important for small and isolated communities located in off-grid regions. The successful development and implementation of a strategic plan for sustainable energy practices and technologies should be supported by three main building blocks: • Research on specific scientific and technological issues that can contribute beyond present day technology and the industry’s own development, and play a role in the adaptation of state-of-the-art technologies to local and regional scenarios in terms of energy resources characteristics, cultural aspects of the communities involved, and other local and regional circumstances. • Capacity building at the institutional and individual levels, by means of joint re- search programs with world-renowned scientific and technological institutions in North-South and South-South cooperation schemes. • Design and implementation of public policies based on scientific information to cre- ate the necessary enabling environment for the full implementation of sustainable energy practices and technologies. 6 SUSTAINABLE ENERGY IN LATIN AMERICA AND THE CARIBBEAN: POTENTIAL FOR THE FUTUREPDF Image | SUSTAINABLE ENERGY IN LATIN AMERICA CARIBBEAN
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