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energy system, without undermining our economic and social development. Nowhere will this challenge be tougher, or more relevant for the rest of the world, than in China and India. Vigorous, immediate, and collective policy action by all governments is essential to lead the world to a more sustainable energy path. Measures to improve energy efficiency stand out as the cheapest and fastest way to curb oil demand and emission increases in the short run. Considering all aspects mentioned above, the major threats for humankind derived from its dependence on fossil fuels are: a) Reduction of the world’s oil reserves and climbing oil prices; b) uneven distribution of fossil fuel reserves; c) GHG emissions leading to global climate change. In LAC, the annual per capita energy consumption varies significantly from country to country; for instance, around 300 GJ per capita in Trinidad and Tobago, but only 10 GJ per capita in Haiti. Another indicator that points to the extremely diverse nature of the region is the energy intensity of the different coun- tries, which varies from 36 MJ/$ (PPP) in Trinidad and Tobago (a major exporter of natural gas) to a mere 4 MJ/$ (PPP) in Barbados. LAC’s average energy inten- sity fluctuates around 11 MJ/$ (PPP), which is slightly higher than the world’s aver- age —about 10 MJ/$ (PPP). The region’s overall energy consumption is presented on Table 3, and LAC’s energy matrix is shown on Figure 6. It’s worth mentioning that better living conditions are needed in LAC, which means higher energy per-capita consumption. The strategy to achieve this is based on saving energy (i.e., avoiding unnecessary energy waste), and substitut- ing fossil fuel by renewable sources, rather than on reducing the overall, or per capita energy consumption rate. Population and income growth are key drivers for global energy consump- tion. Population growth forecasts for the LAC region indicate that peak annual 26 SUSTAINABLE ENERGY IN LATIN AMERICA AND THE CARIBBEAN: POTENTIAL FOR THE FUTUREPDF Image | SUSTAINABLE ENERGY IN LATIN AMERICA CARIBBEAN
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