Vicente Izquierdo Munoz – Comments on Latin America’s Push into Renewable Energy

MONTE CARLO, MONACO / ACCESSWIRE / December 21, 2017 / From the silver galleons that financed the Spanish Empire to the iron and copper exports that are rebuilding China, Latin America’s natural resources have helped move the world economy for centuries. Today, the development of renewable energy across the region is creating a new economic phenomenon that is resulting in colossal domestic growth. Financial expert Vicente Izquierdo Munoz is confident that Latin America’s huge strides in wind, solar, geothermal and biofuel resources has a host of countries on the cusp of energy revolutions that will reshape infrastructure and create myriad business opportunities.

While Latin America is still known for its vast oil resources, technological innovations have increased efficiency and reduced costs, boosting the competitiveness of renewable energy. However, Vicente Izquierdo Munoz noted that according to a December 2016 World Economic Forum report, solar and wind are outcompeting fossil fuels in Brazil, Chile and Mexico. Bloomberg New Energy Finance predicts solar will be cheaper than coal by 2025, earlier in places like Brazil that have limited deposits and a carbon tax. As demand continues to grow over the next five years, renewables will remain the fastest growing source of electricity. With 54 percent of generation capacity from renewables, Latin America is already leading the global green energy movement. In 2016 Costa Rica ran purely on clean power for months at a time, and Uruguay generated 92.8 percent of its electricity from sustainable sources.

The advancements made last year have carried over to 2017. Argentina’s president, Mauricio Macri, issued a decree to significantly develop his country’s energy sector, and Google Chile announced that 100 percent of its electricity is now renewable. In addition to supplying Google’s data center and offices, the El Romero solar plant – one of the largest photovoltaic projects in the world — will produce enough clean power for 250,000 homes while avoiding approximately 475,000 metric tons of carbon dioxide emissions from existing coal fired plants. Brazil, Chile and Mexico – followed closely by Argentina – rank among the top ten of Ernst & Young’s renewable energy country attractiveness index (RECAI). Countries are evaluated based on their clean power targets, fiscal incentives, and legislations such as Mexico’s energy transition law, which is designed to create a favorable business climate and boost investor confidence in the long-term market for renewables. Recently, Latin American leaders joined other pioneers from around the world to reaffirm their commitment to the Paris climate agreement. The continent’s commitment to clean energy and climate change is increasingly becoming an example to be followed.

Vicente Izquierdo Munoz is a globally recognized financial authority and the co-founder of the market leading broker of Contracts for Differences (CFDs). With over 17 years of experience in the international trading and foreign exchange industry, Vicente and his team provide advanced technological solutions and expert advice on market dynamics for clients in over 180 countries.

Vicente Izquierdo Munoz – Co-Founder of a Leading Brokerage of CFDs: http://vicenteizquierdomunoznews.com
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SOURCE: Vicente Izquierdo Munoz

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