Latin America&Caribbean Energy Transition 2025 ESLA

24. International Energy Agency (IEA). (2023). Latin America Energy Outlook 2023 – Executive Summary. https:// www.iea.org/reports/latin-america-energy-outlook-2023/executive-summary 25. Latin American Energy Organization (OLADE). Critical minerals for energy transitions in the Latin America and the Caribbean. OLADE_libro ingles.indd 26. International Energy Agency (IEA). (2023). Latin America’s opportunity in critical minerals for the clean energy transition. https://www.iea.org/commentaries/latin-america-s-opportunity-in-critical-minerals-for-the-clean- energy-transition 27. World Economic Forum. (2024). Latin America: a future clean hydrogen exporter? https://www.weforum.org/ stories/2024/08/clean-hydrogen-latin-america/ 28. Economic Commission for Latin America and the Caribbean (ECLAC). (2024). Energy Efficiency in the Sustainable and Inclusive Transition of Latin America and the Caribbean: Progress and Policies. https://www.cepal.org/en/ notes/eclac-publish-document-progress-sectoral-energy-efficiency-latin-america-and-caribbean 29. International Energy Agency (IEA). (2023). The case for methane policy and regulation – Global Methane Tracker 2023. https://www.iea.org/reports/global-methane-tracker-2023/the-case-for-methane-policy-and-regulation 30. Latin American Energy Organization (OLADE). (2025, August). Technical note no. 11 outlook – Clean cooking in Latin America and the Caribbean. https://www.olade.org/wp-content/uploads/2025/08/NT-Clean-Cooking_ Ago12.pdf 31. United Nations Development Program (UNDP). (2025). Driving Change: Shifting Fossil Fuel Subsidies Toward Clean Mobility in Latin America and the Caribbean. https://www.undp.org/latin-america/blog/driving-change- shifting-fossil-fuel-subsidies-toward-clean-mobility-latin-america-and-caribbean 32. United Nations Department of Economic and Social Affairs, Statistics Division. (2025). The Sustainable Development Goals Extended Report 2025 – Goal 12: Responsible consumption and production . https://unstats. un.org/sdgs/report/2025/extended-report/Extended-Report-2025_Goal-12.pdf 33. United Nations Development Program (UNDP). (2025). Opportunities to accelerate the transition to low- emission public transport by redirecting fossil fuel subsidies. https://www.undp.org/latin-america/publications/ opportunities-accelerate-transition-low-emission-public-transport-redirecting-fossil-fuel-subsidies 34. Companhia Energética de Minas Gerais (CEMIG). (2024). Annual Report and Form 20-F for the fiscal year ended 31 December 2024. https://ri.cemig.com.br/docs/cemig-2023-12-31-NTzgt9HM.pdf 35. World Economic Forum and IDB. (2025, October). Advancing Latin America’s Power System Transformation: Community-Led Solutions to Unlock Investments and Foster Regional Partnerships 36. Latin American Energy Organization (OLADE). (2022). OLADE highlights that Latin America and the Caribbean is the leading region in the energy transition on International Clean Energy Day. OLADE highlights that Latin America and the Caribbean is the leading region in the energy transition on International Clean Energy Day. - OLADE 37. World Bank Group. (2024). The role of private capital in shaping a sustainable future in Latin America and the Caribbean. https://www.worldbank.org/en/results/2024/09/08/the-role-of-private-capital-in-shaping-a- sustainable-future-in-latin-america-and-the-caribbean 38. International Energy Agency (IEA). (2025). World Energy Investment 2025 – Latin America and the Caribbean. https://www.iea.org/reports/world-energy-investment-2025/latin-america-and-the-caribbean 39. World Economic Forum. (2025, June). Fostering effective energy transition 2025. https://reports.weforum.org/ docs/WEF_Fostering_Effective_Energy_Transition_2025.pdf 40. World Economic Forum. (2025). Financing the Energy Transition: Meeting a Rapidly Evolving Electricity Demand. https://reports.weforum.org/docs/WEF_Financing_the_Energy_Transition_2025.pdf 41. International Renewable Energy Agency. (2023). The cost of financing for renewable power. http://www.zcsvillages.com/upload/2024/1226/94ba66eb-8a11-4af0-9bbc-51d9c41a202a.pdf 42. Global Transmission Report. (2024, 15 May 2024). ANEEL approves results of transmission auction no. 1/2024 in Brazil. https://globaltransmission.info/aneel-approves-results-of-transmission-auction-no-1-2024-in-brazil/ 43. Global Transmission Report. (2024, 25 October 2024). Brazil’s ANEEL certifies winners of transmission auction 02/2024. https://globaltransmission.info/brazils-aneel-certifies-winners-of-transmission-auction-02-2024/ 44. World Economic Forum and Inter-American Development Bank (IDB). (2025, October). Advancing Latin America’s Power System Transformation: Community-Led Solutions to Unlock Investments and Foster Regional Partnerships. 45. International Renewable Energy Agency (IRENA) and International Labour Organization (ILO). (2024). Renewable energy and jobs: Annual review 2024. https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2024/Oct/ IRENA_Renewable_energy_and_jobs_2024.pdf 46. Maloney, William F., Xavier Cirera and Maria Marta Ferreyra. (2025). Reclaiming the Lost Century of Growth: Building Learning Economies in Latin America and the Caribbean (Overview booklet). https://openknowledge. worldbank.org/server/api/core/bitstreams/cbff530e-59b2-4f9c-b84e-e33e7f1f0a53/content 47. Examples: Energy reforms have reprioritized state-owned enterprises and limited private sector competition and flexibility in Mexico; Argentina’s use of emergency decrees (e.g. Decrees 55 and 70/2023) disrupted long-term energy planning and legal predictability; Chile’s regulatory uncertainty (e.g. compensation changes for small solar Preparación para la transición energética: América Latina y el Caribe 36