Washington DC, November 15 – ThinkHUGE recently participated in the Atlantic Council’s event, “The Road to COP28: The Energy Transition in Central America”. The discussion centered on the idea that Central America is at a pivotal moment that will shape energy systems in the region for years to come, and that the actions of policymakers, the private sector, and multi-laterals in the region will have far-reaching implications not only for Central America’s energy landscape but also for investment and nearshoring prospects. Panelists discussed how Central America can meet its growing energy needs in a competitive and sustainable manner, and how the United States and international community can support these efforts.
This aligns perfectly with ThinkHUGE’s agenda, as energy is essential for economic growth, manufacturing, nearshoring, and job creation. To capitalize on this transient opportunity, it is essential to leverage green financial mechanisms, foster a favorable investment environment through conducive legal frameworks, and attract Development Financial Institutions (DFIs) like the Inter-American Development Bank (IDB) and the US International Development Finance Corporation (DFC), along with private equity. Energy is crucial for individuals in the Northern Triangle to build their lives at home rather than elsewhere.
On December 4th, CSIS will host a follow-up virtual private roundtable, “Energy for Growth in the Northern Triangle.” The discussion will explore solutions to the energy challenges in the Northern Triangle by utilizing all available energy options, with a particular focus on natural gas, CNG, LNG, and renewable energy, as well as energy integration and regional transportation efforts including increasing the capacity of SIEPAC and using its right-of-way as the route for a pipeline to transport US natural gas to Central America.
Watch a recording of the Atlantic Council’s event here.