Source: hubenergia.org

What is RELAC?

RELAC stands for "REnovables in Latin America and the Caribbean". RELAC was created at the end of 2019, within the framework of the United Nations Climate Action Summit, with the objective of reaching at least 70% of renewable energy participation in the regions electricity matrix by 2030. RELAC is a regional initiative with 15 member countries, the only one of its kind in the context of Latin America and the Caribbean. For the first time, a group of countries in the region voluntarily agrees to promote renewables with:

(1) a concrete goal;

(2) a monitoring scheme; 

(3) an operating structure designed to support countries in the process.

Common objective

Accelerate the carbon neutrality of electricity systems in the Latin American and Caribbean (LAC) region, improving the resilience, competitiveness and sustainability of the sector, generating green jobs sustainability of the sector, generating green jobs, improving air quality, and improving air quality and the health effects of its citizens.

Origin

The "REnovables in Latin America and the Caribbean" (RELAC) initiative was created in 2019 during the Climate Action Summit before the Secretary General of the United Nations (UN).

Specific Target

Achieve a regional target of at least 70% Renewable Energy penetration in LAC by 2030.

Specific goal

With 2019 as a starting point, to achieve a regional target of at least 73% in installed capacity and 80% in electricity generation from Renewable Energy in RELAC countries by 2030.