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Declaration of Principles
The Declaration of Principles is the instrument agreed by RELAC member countries to formalize their adherence to the initiative. It contains a brief description of the objectives of the initiative, the principles and commitments that guide the participation of the countries, and the goals that each country establishes for 2030, in terms of renewable energy participation in its electricity matrix.
Common Objective
Accelerate the carbon-neutrality of the Latin American and Caribbean (LAC) region's electricity systems, improving the resilience, competitiveness and sustainability of the sector, generating green jobs, improving air quality and the health effects of its citizens.
Specific Goal
To achieve a regional target of at least
70%
of renewable energy penetration
in Latin America and the Caribbean by 2030
Principles
This document is the basis for harmonizing the purposes and commitments of the countries that join the initiative. Therefore, each country that is part of the initiative adheres to the following principles:
we believe
that Renewable Energy sources are a key element to enable the energy transition of our countries by having an impact on other sectors such as industry and transportation.
Take advantage of
This commitment to strengthen our countries' efforts to contribute to Sustainable Development Goal 7 (SDG 7), in particular its sub-goal 2: By 2030, substantially increase the share of renewable energy in the global energy mix.
We recognize
that sustained growth in energy demand in LAC can be harnessed as a catalyst for sustainable development.
We recognize
the need for a progressive, effective, fair and just response to the pressing challenges of climate change, and commit to continue and increase our efforts towards the energy transition, taking into account the generation of green jobs, positive impacts on the health and well-being of our citizens.
We consider
that the energy sector is fundamental within the framework of climate action and recognize the need to stimulate the generation of energy from renewable energy sources to mitigate the effects of climate change.
We recognize
the vulnerability of the region's electricity systems to climate change and the need to expand infrastructure and improve technology to provide energy services that are accessible, affordable, modern, resilient, environmentally sustainable and capable of meeting the region's current and future energy demand in a reliable manner.
We take advantage of
regional and international cooperation opportunities for capacity building and overcoming financing barriers to facilitate access to renewable energy research, technology, capacity building and investment promotion.
We recognize
the need to induce in the economic recovery and response efforts to the HIV/AIDS pandemic strategies aligned with the objectives of the Paris Agreement.
Commitments
The governments of the countries that adhere to the RELAC initiative commit themselves to:
WORK
Jointly among the member countries and the other organizations that are part of the RELAC initiative to achieve the regional goal.
DESIGNATE
A contact office and focal point in the country in charge of aligning the necessary efforts at the national level to define its contribution and the actions needed to achieve the regional goal.
ASSIST
To determine the monitoring and reporting requirements for the progress of the RELAC initiative and to transparently share and communicate progress against the target according to these agreements.
SUPPORT
Assist other members of the initiative in their efforts to achieve the regional goal through the exchange of experiences.
Baseline information for monitoring
This is the information that governments include in their Declaration of Principles when establishing their renewable energy penetration commitments.
Baseline 2019
Projected 2030
Installed RE capacity [GW].
Projected total RE installed capacity [GW].
RE penetration in terms of installed capacity [%].
RE penetration in terms of installed capacity (RELAC Objective) [%].
Total RE electricity generation [GWh] [GWh] [GWh] [GWh
Total projected RE electricity generation [GWh].
RE penetration in terms of generation [%].
RE penetration in terms of generation (RELAC Objective) [%].
