Energy transition as a path to sustainable development in Latin American countries

This article examines key aspects of the energy transition as a pathway towards sustainable development in the Latin American region. The main directions of energy transition are highlighted, the role of alternative energy as a crucial driver is explored, and an analysis of progress towards energy t...

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Main Authors: Diana Pamela Chavarry Galvez, Svetlana Y. Revinova
Format: Article
Language:English
Published: KeAi Communications Co., Ltd. 2025-04-01
Series:Unconventional Resources
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Online Access:http://www.sciencedirect.com/science/article/pii/S2666519025000238
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author Diana Pamela Chavarry Galvez
Svetlana Y. Revinova
author_facet Diana Pamela Chavarry Galvez
Svetlana Y. Revinova
author_sort Diana Pamela Chavarry Galvez
collection DOAJ
description This article examines key aspects of the energy transition as a pathway towards sustainable development in the Latin American region. The main directions of energy transition are highlighted, the role of alternative energy as a crucial driver is explored, and an analysis of progress towards energy transition goals in Latin America is presented. The study identifies challenges hindering the energy transition, including climate change, financial constraints, technological limitations, socio-economic disparities, and organizational barriers. To address these issues, the following measures are proposed: improving the institutional framework; strengthening policies to attract investment, particularly foreign direct investment in projects developing alternative energy sources, including within regional integration unions (MERCOSUR, the Andean Community, the Pacific Alliance, CELAC, etc.); addressing natural and climatic challenges through the construction of energy storage facilities; increasing the role of national banks in addressing investment gaps in renewable energy projects; and enhancing international cooperation in developing renewable energy sources, both at regional and global levels.
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publishDate 2025-04-01
publisher KeAi Communications Co., Ltd.
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series Unconventional Resources
spelling doaj-art-aebd9ab3415948429eb7428359d014e12025-08-20T03:13:32ZengKeAi Communications Co., Ltd.Unconventional Resources2666-51902025-04-01610015710.1016/j.uncres.2025.100157Energy transition as a path to sustainable development in Latin American countriesDiana Pamela Chavarry Galvez0Svetlana Y. Revinova1Corresponding author.; Department of Economic and Mathematical Modeling, P. LUMUMBA Peoples' Friendship University of Russia (RUDN University), 6, Miklukho Maklaya, Moscow, 117198, Russian FederationDepartment of Economic and Mathematical Modeling, P. LUMUMBA Peoples' Friendship University of Russia (RUDN University), 6, Miklukho Maklaya, Moscow, 117198, Russian FederationThis article examines key aspects of the energy transition as a pathway towards sustainable development in the Latin American region. The main directions of energy transition are highlighted, the role of alternative energy as a crucial driver is explored, and an analysis of progress towards energy transition goals in Latin America is presented. The study identifies challenges hindering the energy transition, including climate change, financial constraints, technological limitations, socio-economic disparities, and organizational barriers. To address these issues, the following measures are proposed: improving the institutional framework; strengthening policies to attract investment, particularly foreign direct investment in projects developing alternative energy sources, including within regional integration unions (MERCOSUR, the Andean Community, the Pacific Alliance, CELAC, etc.); addressing natural and climatic challenges through the construction of energy storage facilities; increasing the role of national banks in addressing investment gaps in renewable energy projects; and enhancing international cooperation in developing renewable energy sources, both at regional and global levels.http://www.sciencedirect.com/science/article/pii/S2666519025000238Energy transitionGreen energySustainable developmentRenewable energyAlternative energyLatin America
spellingShingle Diana Pamela Chavarry Galvez
Svetlana Y. Revinova
Energy transition as a path to sustainable development in Latin American countries
Unconventional Resources
Energy transition
Green energy
Sustainable development
Renewable energy
Alternative energy
Latin America
title Energy transition as a path to sustainable development in Latin American countries
title_full Energy transition as a path to sustainable development in Latin American countries
title_fullStr Energy transition as a path to sustainable development in Latin American countries
title_full_unstemmed Energy transition as a path to sustainable development in Latin American countries
title_short Energy transition as a path to sustainable development in Latin American countries
title_sort energy transition as a path to sustainable development in latin american countries
topic Energy transition
Green energy
Sustainable development
Renewable energy
Alternative energy
Latin America
url http://www.sciencedirect.com/science/article/pii/S2666519025000238
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AT svetlanayrevinova energytransitionasapathtosustainabledevelopmentinlatinamericancountries