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Latin American Economy & Business - March 2016 (ISSN 1741-7430)

Region: Colombia and Uruguay lead energy transition

World energy markets are going through a major upheaval. The volatility of hydrocarbons prices, coupled with concern over the environmental impact of burning fossil fuels, is highlighting the need for countries to deliver secure, affordable, and sustainable energy. It seems that in the race to do that, some big economies (the US, Japan, Germany) are lagging behind. According to a report by the World Economic Forum (WEF), some smaller ones (Norway, Switzerland) are ahead. Latin America has two star performers in the ‘top ten’ ranking: Colombia and Uruguay.

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