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CONCLUSION Latin American and the Caribbean is already an example of renewable energy success. Little by little, the continent, home to more than 600 million people, is paving the way for the provision of clean and reliable energy to every one of its nations [64]. Costa Rica, Uruguay, Brazil, Chile and Mexico are heading up the move towards a sustainable energy future. But they are not the only ones. Peru, Nicaragua, Panama, Argentina and Colombia are increasing their efforts to catch up with the leaders. Latin American countries are moving towards 100 per cent renewable energy. There is, of course, still a long way to go. Today, Latin America emits more than 1,500 million tonnes of CO2 by burning coal, oil and gas to supply the energy it needs [65]. Many regions in the continent are still dependent on fossil sources to power their economy. Perverse consumer subsidies to fossil fuels are still encouraging a carbon-intense and unsustainable energy system over one based on renewables. In 2013, more than US$40 billion were allocated to subsidise fossil energy in Latin America, compared to twice the amount of money invested in renewables.[51] [66]. Latin America can and should be powered by nature. Its countries need to invest more in sustainable wind, solar, geothermal, biomass, hydro and ocean energy, as well as phasing out support to unsustainable fossil energy. Supplying power from renewables can bring great benefits to Latin America’s economy and society. It offers long-term energy security, lower energy system costs, industrial development, job creation, improved local health and environmental conditions, greater energy access and climate change mitigation. Five countries can already talk about these rewards. Hopefully, many more will join them soon. WWF | Green Energy Leaders: Latin America’s Top Countries In Renewable Energy | Page 37PDF Image | Latin Americas Top Countries In Renewable Energy
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