Financing the Energy Transition in Latin America and the Caribbean (2013–2022): Fossil Renunciation or Green Indebtedness?
This article analyzes the structure, distribution, and trends of energy financing in Latin America and the Caribbean between 2013 and 2022. Drawing on the energyfinance.org database and semi-structured interviews with energy sector specialists, it examines the amounts allocated to fossil fuel and cl...
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| Formato: | Artículo revista |
| Lenguaje: | Español |
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Centro de Estudios en Relaciones Internacionales de Rosario, CERIR
2026
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| Acceso en línea: | https://revista-mici.unr.edu.ar/index.php/revistamici/article/view/193 |
| Aporte de: |
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I15-R209-article-193 |
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ojs |
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Universidad Nacional de Rosario |
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I-15 |
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R-209 |
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Revista Integración y Cooperación Internacional |
| language |
Español |
| format |
Artículo revista |
| topic |
Transición energética financiamiento climático energía limpia Energy transition climate finance clean energy transição energética financiamento verde energia limpa |
| spellingShingle |
Transición energética financiamiento climático energía limpia Energy transition climate finance clean energy transição energética financiamento verde energia limpa Cobeña Andrade, Xavier Financing the Energy Transition in Latin America and the Caribbean (2013–2022): Fossil Renunciation or Green Indebtedness? |
| topic_facet |
Transición energética financiamiento climático energía limpia Energy transition climate finance clean energy transição energética financiamento verde energia limpa |
| author |
Cobeña Andrade, Xavier |
| author_facet |
Cobeña Andrade, Xavier |
| author_sort |
Cobeña Andrade, Xavier |
| title |
Financing the Energy Transition in Latin America and the Caribbean (2013–2022): Fossil Renunciation or Green Indebtedness? |
| title_short |
Financing the Energy Transition in Latin America and the Caribbean (2013–2022): Fossil Renunciation or Green Indebtedness? |
| title_full |
Financing the Energy Transition in Latin America and the Caribbean (2013–2022): Fossil Renunciation or Green Indebtedness? |
| title_fullStr |
Financing the Energy Transition in Latin America and the Caribbean (2013–2022): Fossil Renunciation or Green Indebtedness? |
| title_full_unstemmed |
Financing the Energy Transition in Latin America and the Caribbean (2013–2022): Fossil Renunciation or Green Indebtedness? |
| title_sort |
financing the energy transition in latin america and the caribbean (2013–2022): fossil renunciation or green indebtedness? |
| description |
This article analyzes the structure, distribution, and trends of energy financing in Latin America and the Caribbean between 2013 and 2022. Drawing on the energyfinance.org database and semi-structured interviews with energy sector specialists, it examines the amounts allocated to fossil fuel and clean energy projects, as well as the main financial mechanisms used. The findings suggest that, despite recent growth in investment in clean energy, dynamics persist that sustain a significant share of financing directed toward fossil fuels, reflecting the inherent tensions of the region's energy transition. The study also identifies a growing process of financialization of energy development, with relevant implications for both economic and environmental sustainability. In this context, the article argues that, while the regional energy transition shows gradual progress, its evolution remains volatile and faces the challenge of redefining the sources and conditions of financing to consolidate a structural shift toward low-carbon models. |
| publisher |
Centro de Estudios en Relaciones Internacionales de Rosario, CERIR |
| publishDate |
2026 |
| url |
https://revista-mici.unr.edu.ar/index.php/revistamici/article/view/193 |
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2026-01-04T05:05:39Z |
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2026-01-04T05:05:39Z |
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I15-R209-article-1932026-01-02T00:24:54Z Financing the Energy Transition in Latin America and the Caribbean (2013–2022): Fossil Renunciation or Green Indebtedness? Financiamiento de la transición energética en América Latina y el Caribe (2013 -2022) : ¿Renunciamiento fósil o endeudamiento verde? Financiamento da Transição Energética na América Latina e no Caribe (2013–2022): Renúncia Fóssil ou Endividamento Verde? Cobeña Andrade, Xavier Transición energética financiamiento climático energía limpia Energy transition climate finance clean energy transição energética financiamento verde energia limpa This article analyzes the structure, distribution, and trends of energy financing in Latin America and the Caribbean between 2013 and 2022. Drawing on the energyfinance.org database and semi-structured interviews with energy sector specialists, it examines the amounts allocated to fossil fuel and clean energy projects, as well as the main financial mechanisms used. The findings suggest that, despite recent growth in investment in clean energy, dynamics persist that sustain a significant share of financing directed toward fossil fuels, reflecting the inherent tensions of the region's energy transition. The study also identifies a growing process of financialization of energy development, with relevant implications for both economic and environmental sustainability. In this context, the article argues that, while the regional energy transition shows gradual progress, its evolution remains volatile and faces the challenge of redefining the sources and conditions of financing to consolidate a structural shift toward low-carbon models. El presente artículo analiza la estructura, distribución y tendencias del financiamiento energético en América Latina y el Caribe entre 2013 y 2022. A partir de la base de datos de energyfinance.org y de entrevistas semiestructuradas con especialistas en el ámbito energético, se examinan los montos destinados a proyectos de energía fósil y energía limpia, así como los principales mecanismos financieros utilizados. Los resultados sugieren que, pese al crecimiento reciente de la inversión en energía limpia, persisten dinámicas que mantienen un peso significativo del financiamiento orientado a combustibles fósiles, reflejando las tensiones propias de la transición energética en la región. Asimismo, se identifica un proceso creciente de financiarización del desarrollo energético, con implicaciones relevantes para la sostenibilidad económica y ambiental. En este contexto, el artículo plantea que, aunque la transición energética regional muestra avances graduales, su evolución sigue siendo volátil y enfrenta el desafío de replantear las fuentes y condiciones del financiamiento para consolidar un cambio estructural hacia modelos bajos en carbono. O presente artigo analisa a estrutura, a distribuição e as tendências do financiamento energético na América Latina e no Caribe entre 2013 e 2022. A partir da base de dados do energyfinance.org e de entrevistas semiestruturadas com especialistas do setor energético, são examinados os montantes destinados a projetos de energia fóssil e de energia limpa, bem como os principais mecanismos financeiros utilizados. Os resultados sugerem que, apesar do crescimento recente do investimento em energia limpa, persistem dinâmicas que mantêm um peso significativo do financiamento orientado aos combustíveis fósseis, refletindo as tensões inerentes à transição energética na região. Identifica-se, ainda, um processo crescente de financeirização do desenvolvimento energético, com implicações relevantes para a sustentabilidade econômica e ambiental. Nesse contexto, o artigo argumenta que, embora a transição energética regional apresente avanços graduais, sua evolução continua volátil e enfrenta o desafio de repensar as fontes e condições de financiamento para consolidar uma mudança estrutural rumo a modelos de baixo carbono. Centro de Estudios en Relaciones Internacionales de Rosario, CERIR 2026-01-02 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo evaluado por pares application/pdf https://revista-mici.unr.edu.ar/index.php/revistamici/article/view/193 Revista Integración y Cooperación Internacional; Núm. 42 (2026); 64-78 1852-9798 spa https://revista-mici.unr.edu.ar/index.php/revistamici/article/view/193/145 Derechos de autor 2025 https://creativecommons.org/licenses/by-sa/4.0/ |