Abstract

ABSTRACT The International Energy Agency (IEA) has proposed an ambitious carbon dioxide emission mitigation scenario with specific recommendations for Latin American and the Caribbean (LAC) countries. However, this mitigation scenario entails significant limitations. The expected electricity production for the region is quite low compared to global average figures. This situation could endanger the sustainable development of the region. In this paper, we discuss an alternative mitigation scenario that seeks the compliance of both climate objectives and future energy requirements. This new scenario is based on the widespread integration of smart grids and renewable energies. High capacity smart transmission grids could enlarge existing transnational electricity markets. Results show that Latin America could contribute with 4.1% of the global mitigation effort up to 2040 (the IEA’s 450 S scenario for the region is 3.6%) with an additional investment of 7% in large-scale renewable-based generation plants and HDVC transmission links. As a main result, future regional generation output is aligned with the requirements of national policy scenarios outlined at the climate convention.

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