Studies from the Inter-American Development Bank (IDB) highlight biofuel opportunities in Latin America and the Caribbean
A new Inter-American Development Bank (IDB) study examines biofuel opportunities in Barbados, Jamaica and Guyana. The report discussed the 6 million gallon ethanol target for Barbados, to cover domestic needs, which could be produced from sugar cane.
IDB has also released A Blueprint for Green Energy, prepared by Garten Rothkopf, seeks to cut through the hype surrounding biofuels, and alternative energy writ large, and present an objective, fact-based analysis of the region’s global competitive position looking forward to 2020. It includes the most extensive study done to date on the global biofuels market, including 50 countries. “A Blueprint for Green Energy in the Americas” offers a strategic blueprint for IDB activities in the region, to serve as the basis for even more focused and policy-oriented studies in the future.
The growth of biofuels will favor countries with long growing seasons, tropical climates, high precipitation levels, low labor costs, low land costs, as well as the planning, human resources, and technological know how to take advantage of them. Latin America and Caribbean, led by Brazil, already produces 40% of the world’s biofuels and is uniquely positioned to take advantage of this growing industry.
