 Hello, and welcome to the first launch of this energy panorama of the Latin America of the energy generation, I am Jato Madan and we are with the leaders of three main institutions and I will say that I am energy in Latin America who will also discuss the report of Dr. Mirol, he will make open talks, then the presentation of the report, and then our three guests, the leader of Latin America and CEPAL, will give these reports, then we will be able to accept questions from the journalists for the journalists in this webinar, please come by chat, we can do this at any time of the presentation, we will also have a two-minute talk of the presentation so that you can put your questions, for this I send the word to our executive director, Dr. Fete Mirol, thank you very much, thank you very much, greetings to everybody from the International Energy Agency, as my colleague just said, it is a great pleasure for me to present to you today some of the main figures, our first report about Latin America and our report, this report, in our opinion, comes at an absolutely critical moment for Latin America, because when we look at the world, what we are doing in and out daily, we observe that the transition of clean energy is happening faster than many people think, what does it mean that there is a huge opportunity for Latin America to become an important part of this transition for clean energy and to benefit a lot of it, these are the moments, the moments for which we are preparing this report, the second reason is that we are also observing Latin America, that many governments are putting the questions about clean energy and climatic energy as a high priority for these governments that are assuming it, and we think it would be a deep moment to be able to present this report, this report was prepared by a great team of our institutions and two of the main authors, with me today, Stephanie Buchart, thank you very much for your team and also for the fact that it is the second main author of this study, I am very impressed with the approach and the profusion of this analysis, some of my colleagues analyzed not only Latin America as a whole, as a group, but they also did an analysis of the country by country analysis, with respect to some of the important economies in the region, like Argentina, Brazil, Chile, Colombia, Mexico and Costa Rica, all these countries currently have an energy system for their energy system in the future and have this contribution for their operation, but I am also very impressed with this study, that it is something that a year before my colleagues came into contact directly with the Americans, the Latin American people, with the Academy, with the professors, several dialogues and seminars, we benefited immensely, I would like to thank you all for coming here during this meeting, my colleagues, when I read the report, I observe a message that is very clear that comes out of it, which is the following, the Latin American people have a huge opportunity at this point, since I mentioned that the transition to energy is happening rapidly, we are in a new economy of energy, to be investing, that can benefit the American people, with all the resources that the countries have in the region, all these resources go from the existing systems, like oil, gas, hydro, electricity, lithium, and many other sources of energy, the countries in the region that have an impeccable reputation and we have sustainability, and I would say that all these issues of sustainability are not related to the needs of the Latin American people in various countries, political parties, but sustainability is in the hands of the countries in the region, and we see, for example, in terms of electricity, energy generation, the carbon footprint of the Latin American people is one of the lowest in the world, about half of the global average takes huge because of the hydroelectricity used in the plant. We also look at the current energy system and we also see that the countries have oil and gas, of course, although we are watching a transition to energy, we also understand that the oil and gas will be with us for many years. We also know that the energy contribution needs to be decreasing slowly, but surely, to be in line with our climate, but most of the countries have used oil, fuel, oil and gas or others, and we see that we have mineral resources, but in the country in the region, there is a huge potential because when we have solar panels, electric cars and other things, we need critical means, and in the countries in the region, there is a huge potential, for example, in Lithuania, which is one of the most fundamental minerals, the region has half of the potential of the production of lithium in the world, we call it the Triangle of Lithium, the Lithium, the Lithium, the Lithium, the Lithium, the Lithium, the Lithium, but we have a lot of important discoveries, for example, it is also an important component that the Chile, Peru, Mexico depend on a significant amount of high quantities, such as silver and graphite, and the rare minerals have a huge potential of these minerals, of course, to have the potential to have this potential, something that is economically beneficial, another thing, that is why we prepare this report to suggest the countries in the region so that they can maximize the benefits extracted from these resources. We know that the countries in the region have gone through a decade of economic difficulties, I would say, with acceleration, if we compared with the annual average of economic times with the global economy, it was the one of the Latin America, but thanks to all the traditional energy resources and also the clean energy, there is an important opportunity for these resources to be used to increase the economic development of today and tomorrow, in terms of climate responsibility of the countries, although the countries in the region do not have a lot of contribution to the global emissions of CO2, most of the countries have significant ambitious commitments, and we think that if these commitments are met in the clean energy domain, there is a lot of oil and gas that the countries are producing, especially those that can be used for export, being important devices for the economy, but also in terms of the renewable energy, in that sense, and we think that the solar oil and gas is the main source of energy from renewable energy in the region. And thanks to the renewable energy, and the new technologies that are emerging, that is, the hydrogen, there is a huge opportunity also in the region. The cost-effectiveness is a key component for the green energy. Local energy. The green energy, like what is this called, is a region in Brazil, Chile, Argentina, Colombia, and many others present one of the most cost-effective forms that will produce The effects that they have produced in the last few years are an enormous advantage when all countries in the world and all countries would like to take advantage of the maximum of the potential of hydrogen and earth, but also important in countries that have huge amounts of Latin America. Now, in terms of critical minerals, I would like to mention, as it is, as we have discussed in our report, that critical minerals are something important, but the question in our opinion is not only to export these critical minerals, but to teach them and process them internally, but also to give them a greater value from this point of view. I think this is a very important argument to see that countries need to not only export the raw materials or the critical minerals in nature, but also to export them to other nations. There are some problems that we, the governments, face, as I mentioned in our report, is that the governments have to consider, first of all, a transition to clean energy has to be done in a coordinated way. You can't go from an economy based on today's oil to a time where everything has to go to clean energy. There has to be a coordinated transition that has to be well planned by the governments. The governments are here piloting the economies so that they can prepare for the next economic chapter of clean energy, but making sure that, to go from today's critical system to tomorrow's critical system, there has to be a coordinated transition to maximize the resources. Second, we might think that the transition to clean energy has to be done in a fair and equitable way. We need to certify that all the segments of the population need to be benefited from clean energy transition, especially the low-end groups, the indigenous groups and the parts of the population who have an economic disadvantage. We need to certify that this transition is a good support for the people. So, justice and equality are very important for us. We know that the access to electricity and the access to clean food is still problematic in some countries, which needs to be considered high-priority. What I also wanted to highlight is that the critical minerals and their deposits in the region are a minimum of gold. I know that they are not gold, but they are a minimum of gold for the countries and for the economies, as they will take advantage of the most important. When we export, export with financial negotiations, we want to say to the countries, please negotiate very well with the buyers and observe the global panorama, not only tomorrow, because the prices can rise, you need to make sure that the negotiations with your partners start more. As I mentioned before, please make sure that you have the capacity to work with the prices of your country or other countries to be able to process in order to process, to be able to take advantage of your country and send it to other markets. In this case, the African countries have a very important advantage in comparison to the other potential of critical minerals. Because if it is processed in Latin America, taking into account the use of clean energy there, the carbon footprint will be very low and it will give you an advantage for these countries. So, what needs to happen? So, what needs to happen in our report? My colleagues mentioned this in the report. There are three areas that I would like to emphasize. The first is investment. Currently, the clean energy investment is approximately 75 billion US dollars per year. And in order to do that, in order to make sure that the Latin America is in the center of this transition, you need to double it to 150 billion US dollars per year. Certainly, we can achieve this with the enormous potential and I think it is important to guarantee that the investors find a good potential in Latin America, when you are installed in the United States, and there is a great potential there. And I think that with the policies in the countries well-established, I think that the investments will double the number afterwards. The second thing is that we would like to confirm the international organizations and countries to extend their support to the energy transition in the region. In my opinion, both the financial institutions and the international ones need to give back this transition to energy in Latin America. It is good for these countries and for the global economy and for the sustainability of some time. And finally, the third point is that we believe that the regional cooperation between the countries will be beneficial for the entire region. There are many positive efforts, for example, in Mercosur, maybe not even a full success, especially in energy, but other energy sources, including integration and that clear energy of Latin America would be beneficial for all these countries in the region. And we sincerely hope with the IA content that this report, the first of this kind in Latin America, would be a good contribution to structure this strategy so that the Latin American operation is successful. Thank you. Thank you very much. We are now listening to Mr. Stefano Ibocar who will present the results of the report. The main result is a pleasure for me to present this study, Latin America and the Caribbean to the global population. 100% of the global economy, but definitely as our executive director just said, it can play an outside role in the new... 100% of the global population and it has a very important role to play in the contribution for clean energy, having in view the specificities of the countries, having in mind the resources that the countries have in terms of their history, how the region is when we compare it with the rest of the world. In terms of fossil fuels, fossil fuels represent around two thirds of the energy mix. When we compare it with global numbers of 80%, we have an index significantly lower, especially the amount of waste of the coal. With everything of the traditional fossil fuels, these represent around 40% of the energy mix in the region, but as you know, also the use of renewable sources of energy has increased constantly in the region and as we can see the electric energy is a source of energy used a long time ago and there are other types of renewable sources that exist in the region and this is very clear when we compare it with the rest of the world. In Costa Rica, for example, 100% of the electric energy is now produced from renewable sources. In the transport sector, the use of renewable and bio-combustive energy represents around 10% of the energy used, in the global media. The energy efficiency with everything is much lower in the United States than in the rest of the world. Only one third of the country has an acceptable performance and there are few countries that can do it. What about energy efficiency? What can be done in the future? There are different options that are available in the countries and in the region as a whole. We can use the natural resources available in different countries. Some countries have solar energy sources important, other oil energy. On the left, there can be solar energy and on the right, wind energy. Yes, if you use this potential, you can produce clean energy at a reduced cost. The region represents around a fifth of the global oil reserves. The region is still the same with natural gas. But the region also has other natural resources like, for example, mineral resources critical materials such as lithium and copper. The region has a history of innovative policies which puts it in a good position to have access to different energy markets around the world. Regarding oil, oil represents 40% of the primary mix compared to the 30% worldwide. The current scenario for 2030 is the scenario of declared policies in blue. The use of oil remains stable with a slight decrease. However, if the objectives are completed in time, the region will be able to reduce the consumption of fuels. Having seen the forecast scenario, we would have a 10% of this energy use especially in the third sector transport sector thanks to an improvement in the efficiency of fuels derived from biomass which represents a total economy of 10% until 2030. One of each five cars or buses and other vehicles would be electric. This number is only one percent. Regarding the use of electric buses in Chile and Colombia we have two of the first ten countries that use the most electric buses. The electrification of buildings would help reduce the consumption of fuels. On the other hand, the production of oil in the region continues to grow and, above all, the increase in production in Guiana and in Brazil. In fact, over the period of 2030 two of the main transports of the three main transports of oil. When we have the reduction, having seen the forecast scenario, we would have a significant reduction of 2 million euros per day which would affect the availability and supply of oil in the world. In this scenario we would be able to reduce the consumption of fuels in the energy mix in the region. Regarding the clean electricity, the supply of electricity today, today we have 220 grams of carbon emitted per kilowatt hour which is about half half of what is made of the outside world and in 2030 there will be a reduction that will keep the same levels, that is, we will be still in half when we compare with the rest of the world. This, thanks to renewable energy that should, in 2030, be tripled. In some countries it depends on the electric energy, in Colombia and Brazil and in other countries there is a reduction of the oil energy in Chile. When we compare with other emerging countries in 2030 the emerging markets and economies will have a much less clean energy which makes the Latin America this transition to clean energy in different sectors. Now, talking about emissions the region that presents about 5% of the emissions of the Tulpa gas from 1971 and from the policy declared the scenario is a constant increase until 2050 in the case of the scenario declared the situation is different there is a significant reduction having seen the national contributions determined from the country and the scenario declared from 2030 there will be a gap of about 200 million of CO2 and as the use of renewable energy was accelerated this gap will increase even more from 2045 to 2050 we will reach 800 million of CO2 and we will still be far from the level of zero liquid emissions until 2050 we will reach more parts of the region to take the methane and according to our study 80% of the methane production could be reduced in the long term 40% of this number would not have an additional cost of Tulpa gas emissions from land use half of all the greenhouse gas emissions in the region today are very quickly and reach net zero by 2030 in the EPS as over 80% of the forest in the region are in countries which are part of the Glasgow to reduce so to sum up the region disposes of all the necessary ingredients to promote this transition as mentioned in the announced promise guaranteeing access to energy sources to cook cleaner also reducing pollution by about preventing death more than 30,000 people increasing access to electricity because there are still around 70 million people also guaranteeing a cleaner energy transition which will create energy costs between 1 and 3 million of new work costs which will contribute to even more people involved in the formal economy but of course as the executive director well said we need to enhance investments that need to double spending more and more investments in sustainable energies passing on a ratio of 4 to 1 when we buy the energy sources for this transition the region needs to be included in the global energy economy fostering the production chains since the region can become an important source of energy and on the other hand can also potentialize the production chains of low emissions until 2030 it is possible to produce more than 1 million tons of low emissions for export and growth and also potentializing the production of numerous critical materials thus increasing by 50% the income of these raw materials and thus reducing the production of fossil fuels but of course the sustainability needs to be taken into account in all these production processes of critical raw materials hydrogen, biofuels and also social and economic the best possible and to conclude the region of the Caribbean a very important role to play in the new energy economy thus increasing the potential of Kitspoing, thank you very much thank you for your presentation it will be a pleasure to hear Mr. Ariel Ipez the manager of energy and infrastructure of the Inter-American Bank of Development that will be with us speaks of Uruguay there will be a ministerial meeting Mr. Ariel Ipez Mr. Ariel Ipez Ariel Ipez, you have the floor thank you very much good afternoon, the Latin America and the Caribbean and our colleagues of the Energy Agency it was a pleasure for me to be here today speaking in the name of the Inter-American Bank of Development for the presentation of the first energy program of the Latin America and the Caribbean the IAE for this program and for bringing us such important information the energy is a very important aspect in the transition of the continent and guarantee this transition creating the work and using the potential we have at our disposal guaranteeing the most sustainable use of the raw materials and this can intensify our energy transition around 60% of the energy generated from the outside emits greenhouse gas many countries committed with the initiative to reduce the greenhouse gas emitted from the energy production in 70% until 2050 and we need to support the decarbonisation of energy production and energy consumption of our region what we need the support of the secretariat of the four energy initiatives of the region to accelerate the transition to more resilient electric power on clean hydrogen that we have supported the development of 11 energy production strategies that are crucial for our region we are sure the IAE is Latin America energy output of the Latin America and the Caribbean it is important to support the continent in its energy transition strategy and congratulations to the Energy Transformation Agency thank you Mr. Yeps for participating in our initiative and now we will have the pleasure of hearing Mr. José Manuel Salar from Olade the Latin American Energy Organization who is in Montevideo the Ministry of Energy Mr. Secretary I have a word I would like to say where we are taking Olade we are supporting a lot of people more aware of the environment at the same time more aware of your responsibility and perhaps the most important for the socio-economic development of our region Olade and its members are committed to an irresponsible energy transition personalized and specific of each country Latin America and the Caribbean the green energy matrix we are proud of it analyzes the most relevant for the energy and the region the transition focused on people the critical minerals the transition of the cultural economy the regional energy and the regional integration we appreciate the cooperation with the regional dialogue with a high level work carried out in Santiago in March of this year we hope to continue to deepen the cooperation between our agencies identify common points in these important domains we celebrate this year our fifth anniversary and we are anxious to mention our fifth anniversary thank you very much executive secretary from Olade congratulations on the fifth anniversary of the IA we will celebrate our next year in 2024 and our third guest is José Manuel José abajo José Manuel José 19 José José José José José José José José to be with the leaders in this important launch of the energy panorama of Latin America in 2003, developed by the Argentine International Agency, sorry, of energy, in close collaboration with Oladio, Bidia and Cepal. As you remember, Cepal welcomed this in Santiago last year, in the middle of March, the Rinalon, destined to provide high-level regionals for the construction of this laboratory. It is wonderful that we have five fundamental pillars. First, the universal system, the capacity to use renewable energies. Second, the significant increase of renewable sources in the energy mix. Third, the increase in energy in all sectors. Productive, difficult, fourth, the interconnection and integration of energy in the countries, the increase in economic security and fifth, the increase in resilience and energy security in external sectors. This transition, energy, represents a valuable solution for our region, improves the well-being of our societies, reinforces the sustainable resilience of our economic activities and facilitates the decarbonisation to protect our environment, to ensure that no one is left behind. We have to work hard to universalise the access to electricity to the Basque Renda families. This can be done with renewable energy sources and distributed production, as well as a promotion for the development of the community. Despite the significant progress of access to electricity in our region, about 16 million people in remote areas still have access to this vital service. In addition, it is alarming that 90 million people do not have access to clean cooking systems, which negatively affects health. Consequently, we are firmly aware that energy transition can be seen with a productive transformation engine for a more clean development model in our region. Energy is a fundamental necessity for all economic sectors. Therefore, the implementation of renewable energy sources, industries, connections must be based on the development of local and regional companies in the framework of these measures. This approach increases economic efficiency, sustainability and resilience in all sectors, and has the potential to generate multiple social and environmental benefits. For example, our estimates show that an increase of 80% in the generation of renewable energy in the South could create up to 7 million jobs and reduce the emissions of the two of them, between 2%. The Latin American region is also immensely rich with abundant natural resources necessary for energy sustainability. This includes many sources of energy, solar, wind, biomass and geothermal electricity. In addition, the region has strategic minerals, a work force qualified for engineering and working capacity that can increase the value of the entire production chain. In order to accelerate the path of transmission of national and regional gas, we need to work in collaboration to strengthen the main public policies and facilitated conditions. This includes the modernization of government plans, the power of interconnection and regional energy integration. The report represents an important advance in the sense of providing scenarios, valuable information, including a scenario of zero emission. The current global context characterized by climate crisis presents enormous challenges, but also a chance of change. This is subject to the importance of collaborative efforts between governments, private and community, to facilitate the necessary energy transition. Dear colleagues, we would like to express our appreciation for the collaboration with the IAEA in the creation of this report. So, for us, the energy panorama of Latin America and, without a doubt, it will be an essential reference for the decision makers involved in the energy sector to explore the report, to find information and important guidelines on how to advance the energy transition in the region. As always, our team remains at the mercy of its service to support the creation of a more productive future, including sustainable in our countries. Thank you very much. Thank you very much, Mr. Secretary. Executive, this is the last of our guests. Now we will have time for the journalists' questions. We ask that you put these questions in the Zoom chat and, please, mention your company, your question. We will do two minutes of interviews so that people can send their questions and we will be back in a minute. We are back. Thank you very much. Thank you for the questions. So, we are going to respond to as many questions as possible, in the short term, at the disposal. So, we have one question about the critical aspects and how the Latin America can use its resources and whether they are beneficial to its economy and not to other sectors and other areas of the world. And another question here in relation to deforestation, by the way, the deforestation. How was the deforestation included in the analysis and how it was taken into account in the different analysis scenarios? I think the two questions, I would like to know if you could speak to Stephanie Buchart, the author of the study. Stephanie, thank you very much for the two questions. As the executive director said at the beginning, for Latin America and other important countries, the refining of the primary critical issues is done at the domestic level, the same applies to other types of minerals that would be greener, more ecological if the refining of these products, which are very intense in energy, is done in countries where the energy emits less gas than the effects of sulfur, thus we will have more green critical materials in the future. Now, as for the question about deforestation, in our scenarios, in our models, we work with the colleagues from IASA who deal with the agricultural sector and in the models, we implement our models and scenarios, these eventualities, and have in mind the glas goal commitment. We also took into account the reduction and the extinction of deforestation from that year to 2030 in most countries, which will reduce the emissions of gas and in addition to that, we also identified the increase of bio-combustive production, it should not be done on the coast of the forests and this increase will also have an incident as we identified in our scenarios. Thank you very much, Stefanie. We have some questions from Mr. Jorge Zamora from the House of Conspiracy who quotes something from our press that was published today in the morning. The countries of Latin America and the Caribbean will be able to meet all their commitments in terms of energy demand in that decade and this would allow for the increase of the export of oil barrels in 2 million barrels per day from that year 2030, by diversifying the global investment chain and increasing the yields. And then this is useful when we talk about a healthy energy transition and then we have a question from Maria Mônica Monsalve from the American country as the objective proposed by COP28 to triple the use of renewable energies from that year 2030 to impact Latin America and the Caribbean. I'll give you another question and then we have also another question about the G20. So next month a leading Latin American country will assume the G20 and what do the IE expect from Brazil in terms of energy and climate? These are the three questions that our executive director, Mr. Biral, can answer. Yes, thank you very much, Jatro. Let me start with the first question. Our report identifies that if the countries of Latin America used greener options would be able to use 2 million barrels of oil that could be exported. I don't see any kind of contradiction here because we are not going to stop using oil and hopefully we will be able to use less in the future. But we will continue to use it. If the countries of Latin America use more biofuels or use more energy in a more efficient way or use more electric vehicles from the transport sector would be able to use the oil produced that is not used in the domestic market and that could be exported to other countries and thus obtain an extra income, which is good for the economy. So we don't see any contradiction here. What we are seeing is that the oil that will continue to be used in the future, and a reduction of 2 million barrels of oil will be an important contribution to the countries of Latin America. The second question is about COP28. There are five criteria that have to be taken into account so that COP28 is covered by ESTO. And one of them is to triple the capacity in terms of renewable energy production and one of the regions that can contribute significantly with the consecration of this goal is the Latin American region, the Latin America and the Caribbean. Because, as the study shows, we have a region that has a significant potential in terms of solar, wind energy, and also in terms of hydroelectric energy, biomass, and the countries of Latin America can contribute to the consecration of this goal of COP28. And the third question is about the presidency of the G20. I am very happy that Brazil assumes the presidency of the G20 for different reasons. First of all, I am happy because Brazil is a country with a lot of energy and where the issue of sustainability is in the blood, in the DNA of the country. Brazil is more than 30 or 40 years old, not only the governments, but Brazilian citizens consider the issue of sustainability as something very important. Brazil is a country that has a lot of experience in this sector, in the energy sector, sustainable energy. And this is one of the reasons that I am very happy for the presidency of Brazil. And another reason is that Brazil is an emerging voice. We had India two years ago, and now we have Brazil, which assumes the presidency of the G20, of the main economies of the world. The presidency of Brazil is very important. And it is also important that the voice of Latin America be heard, it will be heard thanks to the presidency of Brazil. And I hope that the Brazilian government establishes priorities and I know the Brazilian colleagues with whom we have already had very good debates and I was with President Lula in the G7 of Hiroshima and I believe that the energy transition and sustainable energy will be on the scene of the energy program of the G20 and our agency is at the disposal, always at the disposal to support the Brazilian government in this task as important as it is now. And if I allow myself to end today's session I would like to thank the French colleagues who accompany this work, the launch of this panorama. There are around 40,000 people who accompany us in this work and were waiting for the launch of this energy panorama in the Caribbean. Thanks to everyone who collaborated. There are hundreds of specialists from the energy sector in Latin America who supported us giving us advice, giving us feedbacks, opinions in different satellites and bilateral meetings and I would like to thank them for contributing greatly to our work and I would also like to thank my colleague, Stephanie, who is here on my right and on my side always, thank you very much, Stephanie. I would also like to thank the brand and all the IE teams that support this energy panorama after very important information for the governments and for the people of Latin America so that I can guarantee a better future for everyone. Thank you very much, editor Birol. We finish our session today if the journalists still have questions that have not been answered I invite you to contact our services of press history Dr. Birol I would like to thank you and I would like to remind you that the document of the energy panorama is available on our website and it is .org Thank you.