Geothermal energy can play a substantial role in meeting the energy needs of many Latin America and Caribbean Region (LAC) countries given the region’s vast potential.
... Exibir mais + The majority of geothermal resources in the LAC region remain largely untapped, not only in Central America and Mexico where development is more advanced, but also in the Caribbean and in South America. If further explored and developed in a sustainable fashion, these resources could meet a significant share of the base load power needs of the region, at a competitive cost, resulting in direct economic and environmental benefits. This report is envisioned to be a decision-makers’ guide for assessing key challenges and measures to facilitate expanding geothermal development in LAC. Based on discussions with LAC policymakers, utilities, and developers, several cross-cutting challenges affecting most countries in the region were identified, including: i) addressing geothermal resource risks; ii) mobilizing financing for geothermal development; iii) policy, legal, and regulatory reforms to improve the investment climate; and iv) environmental and social considerations. Based on the World Bank’s own extensive experience in the geothermal sector and drawing upon global and regional experience, this report then presents demonstrated solutions to addressing these key challenges. It showcases an array of measures from around the world that clients in LAC can customize for application in their own domestic markets.
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Documento do Programa de Assistência à Gestão do Setor de Energia (ESMAP) 128045 JUN 26, 2018
2017 was a challenging year for many islands in the Caribbean. The spate of hurricanes and their unprecedented impacts brought life to a standstill in many countries in the region.
... Exibir mais + Unfortunately, these types of storms are expected to become more frequent and more severe. As we now know all too well, these extreme weather events have the potential to cripple energy infrastructure and cause significant economic and social impacts. For Caribbean utilities and policy-makers, developing a robust energy resilience program is vital. Without timely action, the energy sector in many Small Island Developing States (SIDS) remains vulnerable to future climatic impacts. Against this backdrop, The World Bank convened a Caribbean stakeholder workshop in Miami in October as part of a broader vision to help build a more resilient Caribbean region, one that can effectively resist, respond to, and recover from extreme weather events. Over the course of the workshop the authors explored ongoing resilience measures, programs, and investments in the Caribbean, shared global experience on enhancing the resiliency of energy system, and identified critical areas for potential future collaboration.The World Bank’s engagement with Caribbean countries will focus on two key pillars. First, strengthening the resilience of energy infrastructure and, second, enhancing planning, rapid response, and recovery measures. The World Bank is extremely committed to this cause and calls on the regional and international development community, financial institutions, and the private sector to work together to assist the governments and utilities of the Caribbean region.
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Documento do Programa de Assistência à Gestão do Setor de Energia (ESMAP) 128750 OCT 17, 2017
Geothermal heat is increasingly being used around the world to produce electricity in an environmentally friendly way. Current technology could potentially produce more than 70 GW of power, but only about 15 percent of that capacity is currently developed and operating.
... Exibir mais + Most of the high-temperature geothermal resources that are suitable for power generation are located in areas along the global Ring of Fire, a string of volcanoes and seismic areas that stretches 25,000 miles across the globe. It extends from the Indonesian archipelago through New Zealand, the Philippines, and Japan; along the western coast of the Americas and the Caribbean; and through the Rift Valley in Africa, stretching toward Europe. Geothermal power can be very reliable. Because it is non-intermittent and has relatively low operational costs, it is an ideal option for generating base load power. Geothermal power can also serve as a hedge against the volatility of commodity prices, stabilizing systems costs and improving generation mixes. Geothermal produces a small fraction of the carbon dioxide produced by burning fossil fuels. When developed in line with industry standards, it can also provide significant local environmental benefits by offsetting generation options such as coal or diesel, which produce more pollution.
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Informativo 113111 JAN 01, 2017
La Rocca,Roberto; Johansen,Peter; Berman,Laura Wendell; Jayawardena,MigaraDisclosed
In preparing these policy notes, the World Bank intends to provide the incoming administration with some considerations and recommendations on key development policy issues.
... Exibir mais + The focus of these policy notes is on the challenges that need to be overcome and the policy options that can be pursued to keep the Dominican Republic on a path of sustainable and inclusive growth. The sectors and thematic areas covered in the policy notes include: (i) recent trends in poverty and shared prosperity; (ii) the quality and coverage of public spending on the social sectors (education, health, and social protection); (iii) an assessment of the factors that can affect the quality and efficiency of infrastructure services in the sectors of water and sanitation, and electricity; and (iv) the factors that can affect the sustainability of growth from an economic, social, and environmental and climate resilience points of view. Each policy note describes succinctly the current country context, what the existing main challenges are in each sector, and what the focus of policy should be to secure sustainable and inclusive growth.
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Based on the World Bank’s own extensive global experience and drawing upon international expertise from leading specialists and practitioners, this report presents a comparative assessment of various approaches that have been applied around the world, with varying degrees of success, to mitigate resource risks and catalyze investments in developing the geothermal sector.
... Exibir mais + It provides a framework that can help decision makers identify suitable approaches that are commensurate with development goals, funding capacity, implementation capabilities, and other circumstances specific to the context in a given country. Geothermal presents an opportunity for many countries to diversify their power generation mix in a sustainable way since it is an environmentally friendly, clean energy source that can reliably produce baseload power on a 24 by 7 basis. Despite over 100 years of development and an estimated global potential of 70 - 80 gigawatts (GW), only about 15 percent of the known geothermal reserves are presently exploited and producing electricity. While there are many reasons, in various countries, for the slow pace of geothermal development, one widely recognized and unique obstacle that is applicable worldwide is the high resource risk during the early stages of the geothermal development process. As a result, it is difficult to mobilize the early-stage investments, especially through the private sector.
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Documento do Programa de Assistência à Gestão do Setor de Energia (ESMAP) 105172 MAR 01, 2016
Based on the World Bank’s own extensive global experience and drawing upon international expertise from leading specialists and practitioners, this report presents a comparative assessment of various approaches that have been applied around the world, with varying degrees of success, to mitigate resource risks and catalyze investments in developing the geothermal sector.
... Exibir mais + It provides a framework that can help decision makers identify suitable approaches that are commensurate with development goals, funding capacity, implementation capabilities, and other circumstances specific to the context in a given country. Geothermal presents an opportunity for many countries to diversify their power generation mix in a sustainable way since it is an environmentally friendly, clean energy source that can reliably produce baseload power on a 24 by 7 basis. Despite over 100 years of development and an estimated global potential of 70 - 80 gigawatts (GW), only about 15 percent of the known geothermal reserves are presently exploited and producing electricity. While there are many reasons, in various countries, for the slow pace of geothermal development, one widely recognized and unique obstacle that is applicable worldwide is the high resource risk during the early stages of the geothermal development process. As a result, it is difficult to mobilize the early-stage investments, especially through the private sector.
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Documento do Programa de Assistência à Gestão do Setor de Energia (ESMAP) 105172 MAR 01, 2016
In this paper on the summary of notes and indications of policies for improving competitiveness in the Caribbean the authors believe that after years of low growth, high unemployment and indebtedness, increasing vulnerability to external shocks and increased rates of poverty and inequality, many countries in the Caribbean region and its development partners have undertaken a significant effort to rethink their approach to growth.
... Exibir mais + This powerful collective effort around economic reform and growth focused in its first phase, catalytic short- and medium-term on three main areas: logistics and connectivity, and investment climate; skills and productivity. The synthesis of memo notes and indications of policies contained in this publication are based on conversations and technical inputs developed since the launch of the Forum to propose a guide change in the Caribbean region. The knowledge and analysis included in this volume, focusing on challenges and solutions identified locally will be the basis of the second phase of the Forum for Growth in the Caribbean, which will focus on commissioning up of the reforms identified so far.
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Documento de Trabalho 92688 JUN 01, 2014
Gallina, Andrea; De Leon, Diana M.; Giannozizi, Sara; Bofinger, Heinrich C.; Placci, Florencia Millan; Garmendia, Celilia Briceno; Palsson, Gylfi; Ossio, Jose Eduardo Gutierrez; Alessandro, Martin; Neyra, Juan Jose; Gallegos, Doyle; Gabarro, Pau Puig; Reaza, Javier Sanchez; Carletto, Andre; Arias, Diego; Garcia, Rigoberto Ariel Yepez; Jayawardena, Migara; Berman, Laura; Sinha, Chandra Shekhar; Huttrer, Gerry; Bayarsaikhan, Mandkhai; Karmali, Nadeem; Bes, Martin; Alvarez-Estrada, Daniel; Guasch, Jose Luis; Parra-Torrado, Monica; Nannyonjo, Harriet; Matthews, Clark; Chao, ShiyanDisclosed
The power sector is integral to economic development and inclusive growth in the Caribbean region. The high cost of electricity is undermining the regions competitiveness and growth; and creating hardship for citizens.
... Exibir mais + The high cost of electricity is largely a result of the region's heavy reliance on expensive, imported fuel oil and diesel for power generation. It will be important to diversify the generation mix of power systems in the Caribbean and enhance energy efficiency in order to lower costs and increase reliability as a means towards improving business competitiveness and promoting shared economic growth. Preliminary assessments indicate significant unexploited geothermal potential, especially in the Eastern Caribbean that can supply base-load power for local markets and beyond. Geothermal resource risks are a major barrier during the early phases of development as it creates uncertainty surrounding the viability of the investment. Attracting credible and experienced developers is essential for developing the resources in line with proven industry practices, and in compliance with international standards. Following successful geothermal resource confirmation, there will be continued need to mobilize greater levels of financing to complete the remaining development. Special consideration is needed for integrating geothermal power into relatively small and isolated island systems in the Eastern Caribbean. Inter-island transmission interconnections provide an opportunity to exploit the Eastern Caribbean's full geothermal potential; and promote regional integration. Geothermal developments largely beneficial for the environment and local communities and following industry practices and international standards will adequately address its potential impacts. It will be important for each jurisdiction to mandate its own environmental and social standards based on international best practices; and monitor to ensure compliance with those standards by project developers.
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Meeting the energy needs of developing countries in an environmentally sustainable manner is an urgent challenge. Clean energy underpins sustainable growth and poverty reduction.
... Exibir mais + Indeed, the livelihoods and welfare of poor people in developing countries depend on the availability of energy services. Major improvements in the quality, quantity, and affordability of energy services in developing countries will be necessary to support countries' development objectives of job creation, health, and education. The increase in global oil prices since 2004 has further added to the challenge of ensuring affordable energy services, especially in the poorest countries of Sub-Saharan Africa. The use of renewable energy and energy efficiency in these projects has contributed to improving livelihoods in the developing world in line with the World Bank Group (WBG's) mission of working for a world free of poverty. As illustrated by fiscal year 2006 WBG projects, renewable energy and energy efficiency can play key roles in enhancing energy security for livelihoods, energy for lighting, and people's access to food. The WBG will continue to expand its support for renewable energy and energy efficiency in the coming years. Priority attention will include integrating support for alternative energy development with initiatives to increase energy access in Sub-Saharan Africa, and improving energy efficiency in the fastest-growing and largest energy-consuming developing countries. The WBG will continue to assist its partner countries in integrating renewable energy and energy efficiency into their development strategies, supporting renewable energy and energy efficiency investment projects, building capacity, and improving its partner countries' policy environment.
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