Physical Capital Development and Energy Transition in Latin America and the Caribbean

Physical Capital Development and Energy Transition in Latin America and the Caribbean provides policymakers with the knowledge needed for economic decision-making, especially regarding the energy transition and physical capital development in the LAC (and similar developing regions).

Format: Paperback / softback
Length: 234 pages
Publication date: 06 July 2021
Publisher: Elsevier Science Publishing Co Inc

Physical Capital Development and Energy Transition in Latin America and the Caribbean delves into the realm of applied theory and presents potential solutions for managing the transition from fossil energies to renewables, considering the resource wealth and infrastructural limitations of Latin American and Caribbean (LAC) countries. This comprehensive work employs consistent empirical approaches and relevant econometric methodologies, grounded in comprehensive case studies, to offer realistic portrayals of complex multidisciplinary phenomena. It serves as a valuable resource for policymakers, providing them with the essential knowledge required for economic decision-making, particularly in the areas of energy transition and physical capital development in the LAC and similar developing regions. The book concludes by outlining a roadmap for future physical capital investment options in LAC, aimed at promoting sustainable energy development for the 21st century.

Introduction:
Latin America and the Caribbean (LAC) regions possess abundant natural resources and significant infrastructural capabilities, yet they face challenges in transitioning from fossil fuels to renewable energy sources. This book aims to provide a comprehensive exploration of physical capital development and energy transition in these regions, offering theoretical frameworks and practical solutions to address these challenges.

Physical Capital Development:
Chapter 1 delves into the concept of physical capital development, emphasizing its role in promoting economic growth and sustainable development. It discusses the importance of investing in infrastructure, such as transportation, energy, and telecommunications, to enhance productivity and connectivity. The chapter also highlights the challenges faced by LAC countries in financing physical capital projects, including limited access to capital markets, high interest rates, and political instability.

Chapter 2 explores the role of public-private partnerships (PPPs) in financing physical capital projects. It discusses the advantages and disadvantages of PPPs, as well as the strategies employed by governments and private companies to facilitate successful PPPs. Case studies are provided to illustrate the successful implementation of PPPs in various sectors, such as transportation and energy.

Chapter 3 examines the impact of foreign direct investment (FDI) on physical capital development in LAC countries. It discusses the factors that attract FDI, the types of projects that attract FDI, and the benefits and challenges associated with FDI. The chapter also highlights the role of policy frameworks and regulatory environments in attracting and retaining FDI.

Chapter 4 explores the role of technology in promoting physical capital development. It discusses the adoption of new technologies, such as renewable energy, digitalization, and automation, in improving productivity and efficiency in various sectors. The chapter also highlights the challenges faced by LAC countries in adopting and implementing technology, including limited access to technology and skills, and high costs.

Energy Transition:
Chapter 5 delves into the concept of energy transition, emphasizing the need to reduce greenhouse gas emissions and transition to a more sustainable energy system. It discusses the challenges and opportunities associated with the energy transition, including the role of renewable energy sources, energy efficiency, and energy storage. The chapter also highlights the policies and initiatives implemented by LAC countries to promote the energy transition, including renewable energy targets, energy efficiency standards, and carbon pricing mechanisms.

Chapter 6 explores the role of government policies and regulations in promoting the energy transition. It discusses the policies and regulations that have been implemented in LAC countries to encourage the adoption of renewable energy, such as feed-in tariffs, net metering, and renewable portfolio standards. The chapter also highlights the challenges faced by governments in implementing and enforcing these policies and regulations, including resistance from fossil fuel industries and political instability.

Chapter 7 examines the role of private sector actors in promoting the energy transition. It discusses the strategies employed by private companies, such as renewable energy developers, energy efficiency service providers, and energy storage companies, to promote the energy transition. The chapter also highlights the challenges faced by private sector actors in navigating the regulatory and policy landscape, including competition and uncertainty.

Chapter 8 explores the role of international cooperation and funding in promoting the energy transition. It discusses the initiatives and programs implemented by international organizations, such as the World Bank, the United Nations, and the European Union, to support the energy transition in LAC countries. The chapter also highlights the challenges faced by LAC countries in accessing international funding and cooperation, including limited resources and political constraints.

Conclusion:
In conclusion, Physical Capital Development and Energy Transition in Latin America and the Caribbean provides a comprehensive and insightful examination of the challenges and opportunities associated with physical capital development and energy transition in LAC countries. The book offers theoretical frameworks and practical solutions to address these challenges, and it serves as a valuable resource for policymakers, researchers, and practitioners interested in promoting sustainable energy development in these regions. By road mapping future physical capital investment options, the book aims to promote 21st-century sustainable energy development in LAC and similar developing regions.

Weight: 666g
Dimension: 216 x 272 x 17 (mm)
ISBN-13: 9780128244296