GBF Latin America will bring together public and private sector experts to explore the synergies between the UAE and Latin America and Caribbean which can help both to achieve the goal of a more resilient and digital economy.
As Latin America and the Caribbean countries feel the environmental effects of climate change- such as rising sea levels and stronger hurricanes in the Caribbean and longer dry seasons and shorter wet seasons in Latin America- they are also preparing for its impact on their economies. But the outlook is not all negative– the region could save $621bn by 2050 by decarbonising its energy and transport sectors and create 7.7m new jobs, according to the UN. Countries such as Paraguay, which has electricity generation produced by 100% renewable energy sources, are leading the way, as is the Gulf region, which is expected to more than double its renewables capacity within the next five years. Jamaica also has set a target for renewables to contribute 50% of electricity production by 2030. This session will investigate the opportunities for economic growth in both regions that can come from combating climate change with renewable energy, and how countries are financing renewable energy projects through use of instruments such as sustainable bonds.
Speakers Racquel Moses, Chief Executive Officer, Caribbean Climate-Smart Accelerator, Trinidad & Tobago