Hydrogen and the Decarbonization of Latin America and the Caribbean - Current Efforts and Trends

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December 6, 2022

Maritimes Energy Association, Beyond Adventures Group, M&C Latin Trade Consulting  

Please join the Maritimes Energy Association and Net Zero Atlantic for a webinar on hydrogen's potential to decarbonize Latin America and the Caribbean. 

This webinar intends to address the hydrogen energy production and infrastructure development trends in Latin America and the Caribbean, address some of the more relevant questions stated above, and highlight financing trends and project potential in the region, spearheading a conversation with key players in Atlantic Canada and Latin America and the Caribbean. 

Hydrogen's contribution to a sustainable energy system is internationally recognized. In 2019, only France, Japan and Korea had strategies for the use of hydrogen. Today, 17 governments have released hydrogen strategies, more than 20 governments have publicly announced they are working to develop strategies, and numerous companies are seeking to tap into hydrogen business opportunities. Hydrogen can help decarbonize many sectors including heavy industrial processes, heavy transportation, the marine sector and some power generation and can prove an integral part of Atlantic Canada's energy mix to reach net-zero emissions by 2050.
 
In the Latin America and the Caribbean regions, there is a sustained effort to develop the hydrogen infrastructure, due to efforts from governments and international financial institutions. Some of the prevalent discussion currently happening in the region include relevant topics such as:  Can Hydrogen decarbonize regional industries and transportation? How bankable are the pipeline of MOUs which have seen the light of day in the past 12 months in the region? Can Hydrogen help reactivate Latin American and Caribbean economies and is Hydrogen the region’s next big export?
 
One example of this effort is The Inter-American Development Bank (IDB) joint effort with the United Nations' Green Climate Fund (GCF) to create the first regional fund to promote electric mobility and green hydrogen in Latin America and the Caribbean. The fund is expected to provide $450 million in concessional loans and grants to nine countries.  The funding will underpin a transition in the region’s cities towards lower carbon emissions and resilient public transportation by accelerating the use of electric and hydrogen-based public transportation and by making urban mobility systems more resilient to climate change. The resources will enable this shift in Barbados, Chile, Colombia, Costa Rica, the Dominican Republic, Jamaica, Panama, Paraguay, and Uruguay. (https://www.iadb.org/en/news/idb-green-climate-fund-promote-e-mobility-latin-american-and-caribbean-cities)

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