Investments in renewable energy in Latin America have increased 11-fold since 2004, which is nearly double the global rate, according to a 2016 report by the International Renewable Energy Agency. Chile, Mexico and Brazil are now among the top 10 renewable energy markets globally. Even Argentina, something of a laggard in Latin America when it comes to clean energy, last year invited foreign companies to bid on renewable energy projects and declared 2017 to be the “year of renewables,” setting a goal of relying on clean sources for 20 percent of its electricity needs by 2025, up from the current 2 percent. Mexico is striving to rely on clean energy for 35 percent of its electricity demand by 2024, up from about 21 percent today. By 2050, it hopes to have a grid that runs on at least 50 percent clean energy. But most ambitious of all is Chile and its embarrassment of riches for renewable energy, where officials have put the country is on track to rely on clean sources for 90 percent of its electricity needs by 2050, up from the current 45 percent.
– via The New York Times