Despite vast oil resources Latin America, Caribbean pushing solar energy projects

The continued growth of the fossil fuel industry in Latin America and the Caribbean, notwithstanding, the World Economic Forum (WEF) is projecting that 2023 will see the region look fixedly at solar energy as its mainstream source of energy. Seemingly setting aside the fact that Latin America and the Caribbean are, collectively, increasingly making their presence felt as world class fossil fuel providers, the Global Energy Monitor (GEM) article notes that the hemisphere is also blessed with “the largest solar power development pipeline outside Eastern Asia and North America” and is constructing “over four times more solar capacity than Europe, and nearly seven times more than India,” the world’s third-largest solar producer.