Investments of countries in renewable energy sources in Latin America and the Caribbean: State and prospects

Abstract

The Economic Commission for Latin America and the Caribbean has identified the energy transition period as one of the strategic areas of action to accelerate the recovery of the region. Renewable energy can become a comparative advantage in terms of attracting investments in other sectors of energy-intensive industries, for example, those related to green hydrogen and the development of carbon-neutral technologies. The dynamic international market and the countries of the Latin American region have the opportunity to solve the tasks strategically with the help of investments. The goal is to conduct a quantitative analysis and directions of FDI to Latin America and the Caribbean based on statistical data. Investment cooperation is analysed within the framework of the theory of structural functionalism (Parsons) using macroeconomic indicators of foreign trade cooperation based on UNCTAD statistics on world investment, data from the central banks of Bolivia, Brazil, CEPAL statistical agencies and the Bank of Russia.