Latin America “is the world region with the highest penetration renewable energy in its electricity generation”and among their countries, Panama seeks become a storage node Y commercialization of green hydrogenhe told Efe in an interview on Panamanian Secretary of Energy, Jorge Rivera.

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In that scenario, Panama works in a energy transition “aligned“with the objectives of decarbonization and a balance between energy security, accessibility Y costs for the citizens, affirmed the official.
Rivera cited data from 2021 of the Latin American Energy Organization (Olade), according to which “of the 10 countries in the world with the cleanest electricity grids, eight are from Latin America”.
Y Panama “is he world number eight in that renewable electricity matrix. We were for over 80% of our renewable electricity matrixbut we have Latin American countries with almost a 100%. So we have a great advantage at the time to talk about Energy Matrix”, he asserted.
The Government of Panama approved in the 2020 the Energy Transition Agenda, the “sheet of road to 2030 in these topics” and that is ” tofully lined with the objectives of decarbonization”, he claimed Rivera, by emphasizing that “Panama is one of only three carbon negative countriesof the world.
This, without neglecting other capital objectives for Panama and the region as they are “the energy Security, the universal access and the affordability in economic terms” for the population.
Latin America still have pending the task of “closing the energy gap, with some citizens who still do not have access to modern forms of energy, which also It is aligned with the UN Sustainable Development Goal 7″pointed out the Panamanian official.
“Continuing to maintain and reinforce the decarbonization objectives, to have clean energy in a greater proportion without neglecting all the elements of the equation, is part of the discussion that we are carrying out and one of the thematic axes that we are going to have at the meeting. of the Council of Energy Ministers in December here in Panama,” Rivera highlighted.
Panama will host the VII Energy Week, between December 12 and 16 nextorganized by the Olade, the Secretary of Energy of Panama and the Inter-American Development Bank (IDB), in collaboration with EnergyNet.
THE GREEN HYDROGEN
Panama works in a strategy specific for become a node or “storage hub”ccommercialization, transformation” of green hydrogen to be produced in the region Latin American, Rivera said.
The green hydrogen has become in recent years “in a all important vector impulse of the decarbonization”. It is generated by dividing the water molecule into hydrogen Y oxygen applying a celectrical currenta process called electrolysis, he explained.
“In this process it makes perfect sense that this electricity comes from renewable energy sources, and that’s whereLatin America is betting very hard in become in a supplier of this energy at a global level”.
Panama, said Rivera, is not directing its efforts in the short term to produce green hydrogen, as other countries in the region are doing, including Chile, Colombia and Mexico, which have “other conditions.”
“Our competitiveness is in fanointing of our geographical position (…) Panama is betting on the mvery short term to storage, transformation, marketing of green hydrogenwhich alsowe would be producing in the region, to redistribute it in the region,” explained Rivera.
Latin America is “creating almost from scratch an international and regional market” for green hydrogen, in a process in which it can take advantage of the lessons learned with natural gas, “and we are working together on that.”
“And part of these initiatives is what we want to develop, land and consolidate in the meeting that we are going to have in December of this year in Panama, a very important regional meeting to fine-tune these initiatives,” he added.
LESSONS LEARNED FROM LATIN AMERICA
The current world environment, marked by the war caused by Russia’s invasion of Ukraine, has put the magnifying glass on issues such as energy security and the need to continue innovating in the matter.
“There are lessons learned that Latin America can share with these developed countries” that are now affected in terms of energy by the crisis resulting from the Russian invasion of Ukraine, according to the Panamanian secretary.
That is part, he added, “of Latin America’s own recognition that we can not only be recipients of initiatives, information, technology, knowledge, but we can also share part of the development that we have carried out.”

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Source: Critica

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Varun Kumar

Varun Kumar is a freelance writer working on news website. He contributes to Our Blog and more. Wise also works in higher ed sustainability and previously in stream restoration. He loves running, trees and hanging out with her family.

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