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Energy in Latin America

Energy transition before the shock

Like other parts of the world, before the coronavirus pandemic, Latin America had been seeking to make progress along what could be called an energy transition pathway. A key milestone on that road map was the Paris Climate Agreement of 2015 which set a target to limit global warming to below 2 degrees centigrade above pre-industrial temperatures, by the end of the century as well as recommending that governments should pursue more ambitious efforts to limit the increase to no more than 1.5 degrees C. Signatories to the agreement were allowed to set their own targets to meet the overall goals, known as nationally determined contributions (NDCs). In 2018, 22 Latin American and Caribbean countries also signed the Escazú agreement, committing them to guarantee citizen participation, access to information, and access to justice in all environmental issues.

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