P. E. Escamilla-García, E. Fernández-Rodríguez, Martha E. Jiménez-Castañeda, Carlos O. Jiménez-González, José Antonio Morales-Castro
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A Review of the Progress and Potential of Energy Generation from Renewable Sources in Latin America
Abstract Sustainable energy economics in Latin America has become relevant due to the region’s dependence on the oil market and the disruption caused by the COVID-19 pandemic. A systematic review of the ten major economies in the region based on gross domestic product is conducted. We primarily analyze production performance of hydro, wind, and solar energies, in terms of total gigawatt hours produced, current participation levels in energy matrices, and total installed capacity. Current and future trends and legal frameworks for each technology and country are discussed. Our analyses indicate that Latin America and the Caribbean can potentially increase the usage of renewable energy sources given a plethora of natural resources, favorable geographical and climatic conditions, and existing large-scale hydro installations to counteract the inconsistency of wind and solar projects. Therefore, governments in the region must overhaul sustainable policies to increase awareness and reduce energy dependence on foreign powers.
期刊介绍:
The Latin American Research Review is the premier interdisciplinary journal that publishes original research and surveys of current research on Latin America and the Caribbean. Interdisciplinary offerings reflect ahead-of-the-curve research, as well as new directions of knowledge creation in areas such as cultural studies, Latino issues and transnationalism, all of which increasingly intersect with Latin America in ways that are intellectually challenging and illuminating.