22 Jun '13, 3pm

Inter-American Development Bank (IDB) Report: Renewable Energy Could Power all of Latin America and Caribbean.

Inter-American Development Bank (IDB) Report: Renewable Energy Could Power all of Latin America and Caribbean. Lower prices and new technologies are making solar, wind and other resources competitive with fossil fuels for power generation Latin America and the Caribbean’s renewable energy endowment is large enough to cover its projected 2050 electricity needs 22 times over, according to a new report commissioned by the Inter-American Development Bank (IDB). The report, Rethinking our Energy Future , argues that lower prices and new technologies are making renewables a viable alternative. Solar, geothermal, wave, wind and biomass sources in this region could produce up to 80 petawatt-hour of electricity. One petawatt-hour is equivalent to 1 trillion kilowatt-hour, roughly 3 times the amount of electricity Mexico consumes in one year. At present, Latin America generates 1.3 ...

Full article: http://www.green-energy-news.com/nwslnks/clips613/jun1302...

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