IDB and IRENA Accelerate a Sustainable Energy Future in Latin America and the Caribbean


GO ECO GREEN21. The Inter-American Development Bank (IDB) and the International Renewable Energy Agency (IRENA) have today signed a partnership that will help drive the energy transition in Latin America and the Caribbean (LAC) in line with the 2030 Agenda for Sustainable Development and the Paris Agreement.

The partnership is built around knowledge-sharing in the context of promoting regional integration, renewable energy investment, finance and risk mitigation in the Latin America and the Caribbean. In particular, the two parties will support each other’s initiatives such as IDB’s Energy Hub and the IRENA’s Climate Investment Platform – a multistakeholder initiative established at the UN Secretary General’s Climate Action Summit Climate Action Summit 2019.

Specifically, IDB and IRENA will work to enhance access to sustainable finance in the region by supporting the creation of market conditions that are conducive to renewable energy investments and that facilitate the development of renewable energy projects…

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