Connecting countries to climate technology solutions
English Arabic Chinese (Simplified) French Russian Spanish Yoruba

Societal benefits from renewable energy in Latin America and the Caribbean

Publication date:
Walter Vergara, Paul Isbell, Ana R. Rios, José Ramon Gómez, Leandro Alves
Type of publication:
Knowledge partner:

This analysis quantifies societal benefits of employing renewables in Latin America and the Caribbean in terms of avoided costs (climate change avoided costs, avoided pollution control costs, avoided energy security costs) and economic benefits (improvements in the balance of payments and job creation). Results of the analysis indicate that societal benefits are large enough to compensate the cost disadvantage of solar and wind energy against fossil alternatives, justifying the eventual wholesale entry of these options.