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Development Account Projects

Towards a low-carbon economy in Latin America: policy options for energy efficiency and innovation

Background:

In the context of the continuing climate change crisis, the aim of the Governments of the Latin America and the Caribbean region is to contribute to the global effort of mitigating climate change while encouraging their own sustainable and sustained development. The Latin American economies, in the coming decades, thus face the challenge of simultaneously adjusting to the main impacts of climate change and contributing meaningfully to international agreements on the reduction of carbon emissions.
ECLAC has been deeply involved in the economic analysis of climate change, considering both the impacts of this phenomenon on the societies and economies of the region and strategies to mitigate it. ECLAC has been working on increasing awareness about climate change and low-carbon and energy-efficient economic growth, and is actively promoting the insertion of innovation policies and technologies both in the design and the implementation of public policies in the region’s countries.
Moreover, ECLAC and ECE have been cooperating closely in the framework of the ECE Global Energy Efficiency 21 project. The basic idea of this cooperation is to transfer the valuable experience of ECE countries on capacity-building, policy reforms and investment project finance to the ECLAC region, through their regional commissions, in order to promote self-financing energy efficiency improvements that raise economic productivity, diminish fuel poverty and reduce air pollution, such as greenhouse gas emissions.
The project will build on the collaboration with ECE and proposes to strengthen the ECLAC region’s knowledge base of the quantification of low-carbon economic growth. The quantification of potential benefits deriving from low-carbon programmes and policy initiatives, such as energy efficiency and innovation, at the national level, as well as the ex-post evaluation of national programmes and policies (in terms of energy saved, emissions avoided and other benefits and impacts, and their scope and duration), depend directly on the specific information and analyses available. Thus, the construction of this statistical base is fundamental for the evaluation of the efficacy and efficiency of low-carbon initiatives and policies, promotion strategies and economic instruments.

Objective:

To strengthen the capacity of Latin American and Caribbean (LAC) national governments in their efforts to build a low-carbon economic growth, through the design and implementation of public policies on energy efficiency, with particular attention to policies on innovation.

Expected accomplishments:

  • Increased knowledge of policy makers and technical staff on the opportunities for low-carbon economic growth through the implementation of energy efficiency and innovation policies
  • Strengthened capacity of policy makers and technical staff to design, implement and evaluate energy efficiency policies and measures, which promote in particular the dissemination of innovative technologies that contribute low-carbon economic growth
  • Increased collaboration of stakeholders and energy authorities at the international, national and regional levels, for the promotion of policies on energy efficiency and innovation to promote low-carbon economic growth

Implementation status:

In progress.