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Page added on July 31, 2007

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Latinamerica energy future is promising but autarchic

Latinamerica is set to invest 267 billion US dollars in energy projects in the next two decades according to the United Nations Economic Committee for Latinamerica and the Caribbean, CEPAL.

The funds should help to ensure energy provision and expand production from renewable sources which currently represent less than 25% of the region
Brazil is forecasted to absorb a third of those funds while in Bolivia, Colombia, Peru, Venezuela and Ecuador (all of them with significant energy reserves) much will depend on current government and private sector exploration investment decisions.

Regarding Argentina, according to Cepal, the situation depends on a prices



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