Renewable Energy Sources in Developing Countries: Challenges and Opportunities for a Sustainable Development Agenda

A renewable energy matrix plays a fundamental role in providing energy services in a sustainable platform and, particularly, to reduce climate change on a global basis. However, alternative energy sources usually poses extra challenges to adopters due to higher costs, mainly in the developing and emerging countries where: 1) basic needs still remain to be covered, and 2) top technologies, such as the required in those initiatives, are likely not to be promptly available. This article aims to verify the status of the current renewable energy sources contribution to the regular energy systems of some countries across the Latin American region as a measure to reduce the adverse impact over the average temperature and extreme climate events. Latin America, despite its vast territory and considerable availability of natural resources which could well place the region in a leading position in terms of alternative energy is still in the early stages of having the mindset and infrastructure required to respond to the current environmental challenges. This exploratory study compares the database of renewable energy and climate change drivers of some Latin American countries, seeking to verify similarities and differences, as well as the possible effect of strategies and government policies, barriers and issues in the generation of an energy system that support the region economic growth while following the key principles of sustainability. For our research, we use Multivariate Analysis based on a large set of available and updated open public indicators to establish critical areas and regional progress. The main finding is that, if not at length comparable to the leading EU countries and other advanced economies in the matter, some countries in the region have been presenting important advances to date, being able to combine economic growth to friendly-environmental practices often a hard equation to solve while others, on the contrary, stay behind in sustainable practices. Most importantly, at last, is the highlight of initiatives that stand out as positive examples having helped mitigate the environmental burden, clearly pointing towards solutions to the challenge of having sustainable development inclusive practices in the Latin American region.