The technology is gaining traction, but lack of knowledge and uncertainties about security are still barriers to implementation across Latin America.
Renewables initiatives are languishing as a political feud grinds to a halt the sector’s growth plans.
While most of the developed world enjoyed record levels of economic activity on the back of supportive central bank policies last year, Latin America and the Caribbean navigated a very different scenario. With a toxic combination of currency devaluation, high inflation and persistent unemployment, the region seems to have taken the brunt of the pandemic crisis, struggling to stage a complete rebound from 2020.
In a move unseen since Fidel Castro’s 1959 revolution, Cuba is now inviting foreign investors to enter its domestic trade.