Does Chile have a future for energy production?

Chile is increasingly exploiting this energy production potential: Whereas solar energy, small-scale hydropower, biomass energy and wind power accounted for only six per cent of the country’s energy mix in 2014, that figure has since increased to around 25 per cent.

How has Chile accelerated its energy transition?

Despite its historic ties to fossil fuels and copper mining, Chile in recent years has accelerated its energy transition through broad-based political support, private-public partnerships and innovative green technologies.

Why is a fundamental energy transition necessary in Chile?

A fundamental energy transition will be necessary in order to transform Chile’s power generation system, as the energy sector currently accounts for around 75 per cent of the country’s greenhouse gas emissions. Chile is emerging as South America’s pioneer in the fields of renewable energy and climate protection.

How does Chile benefit from solar energy?

The country benefits from consistently strong winds in mountainous region of Patagonia and some of the world’s highest levels of solar radiation in the Atacama Desert. This predictable supply of wind and solar energy has led the Chilean government to estimate that 13% of the world’s green hydrogen will be produced within its borders.

Will Chile achieve net-zero emissions by 2050?

Last December, Chile’s centre-right government published the country’s first energy transition strategy, which provided targets for achieving net-zero emissions by 2050, including accelerating solar, wind and geothermal energy across the country.

Why is Chile getting support from the IBD?

Chile is also receiving support from the Inter-American Development Bank (IBD) to accelerate its use of clean and sustainable energy sources and promote equal pay and gender parity within its renewable energy sector.