Will Low-Cost Natural Gas Undermine Renewable Energies?

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Inter-American Dialogue

United Nations Secretary General Ban Ki-moon said earlier this month that renewable sources could supply nearly 80 percent of the world’s energy by mid-century, if the ‘right, enabling public policies’ were in place. But a recent PricewaterhouseCoopers study suggested that the advent of low-cost shale gas and oil could stifle investments in renewable energy and threaten global emissions targets. How is the outlook for renewable energy development shaping up in Latin America and the Caribbean? What sorts of public policies would best counter the economic forces that are emerging in the region over the coming decades? How will different countries and subregions of the Americas be affected
as compared to others?