Forging a Green Future: Latin America's Renewable Energy Revolution
Key Ideas
  • Latin America is experiencing an economic slowdown, but there is optimism for building a greener, more resilient economy following the 2024 World Economic Forum Annual Meeting.
  • Costa Rica has been leading the way in renewable energy, with 95% of its electricity coming from renewable sources since 2014, mainly hydroelectric, wind, geothermal, and solar power.
  • Brazil is investing heavily in biofuels, sustainable aviation fuels, wind, and solar energy, positioning itself as a global leader in renewable energy with significant job creation and economic growth.
  • Chile is making strides in its renewable energy transition, particularly in green hydrogen, with ambitious targets for renewable energy consumption and carbon neutrality supported by public-private partnerships and government funding.
Latin America is facing an economic slowdown, growing just 2.2 percent in 2023 due to various factors. However, there is a silver lining as business experts and policy leaders see this as an opportunity to build a greener, more resilient economy in the region. Countries like Costa Rica, Brazil, and Chile are leading the way in renewable energy transition. Costa Rica has been nearly entirely powered by renewable sources since 2014, with a mix of hydroelectric, wind, geothermal, and solar energy. In Brazil, significant investments are being made in biofuels, sustainable aviation fuels, wind, and solar power, with the country already standing out for its high share of renewable energy within the G20. The wind and solar sectors in Brazil have created numerous jobs and contributed to the country's green transition. Chile, on the other hand, is making remarkable progress towards renewable energy goals, with a strong political will and public-private partnerships driving its green hydrogen ambitions. The country aims to become a leader in low-cost green hydrogen production, supported by funding agreements and collaborations with private sectors. Latin America's commitment to a sustainable future through renewable energy showcases the region's potential for a cleaner, greener economy.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.