Latin America&Caribbean Energy Transition 2025

ForewordEnergy Transition Readiness: Latin America and the CaribbeanSeptember 2025 The World Economic Forum’s Energy Transition Index 2025 shows that the global energy landscape is undergoing a profound transformation. For Latin America and the Caribbean (LAC), this transformation is not only a matter of maintaining its path towards sustainability, but also seizing the opportunity to build resilience, competitiveness and inclusive long-term growth. LAC stands at a defining moment in the global energy transition. The region holds some of the world’s most favourable structural conditions for energy transition leadership – from abundant renewable resources to critical mineral wealth and a proven record of electrification. The task ahead is to convert these advantages into stronger outcomes at scale. To do so, the region will need to overcome long- standing structural challenges such as fragmented policies, infrastructure bottlenecks and gaps in innovation, education and finance. The progress must accelerate to match the pace of global change. With energy demand set to rise and global competition for investment intensifying, the region has a unique opportunity to strategically shape a more resilient, inclusive energy future that propels economic growth, improves sustainability and enhances regional integration. This regional assessment aims to inform and inspire that shift. Three strategic questions will shape this journey: 1. Where does the region stand in its energy transition and what are the implications of global energy system shifts for LAC? 2. How can the region better leverage its vast energy advantage to drive stronger, more inclusive transition outcomes – economic, social and environmental? 3. How can countries harmonize progress and scale success across borders – learning from top performers and overcoming fragmentation? This paper answers these questions with data- driven analysis and perspective, drawing on the 2025 Energy Transition Index (ETI) by the World Economic Forum and the Energy Transition Readiness Assessment (ETRA), to guide bold execution: meeting ambitious energy targets, advancing policy reform, scaling private investment, modernizing energy infrastructure and building regional interconnections. It will also depend on investing in people – reskilling the workforce, accelerating innovation and fostering cooperation across countries. The opportunity is clear: LAC can transform its abundant resource advantages into long-term prosperity and resilience. Now is the time to act with ambition and collective ambition and coordination. Roberto Bocca Head, Centre for Energy and Materials; Member of the Executive Committee, World Economic Forum David Rabley Global Energy Transition Lead, Accenture Andrés Rebolledo Smitmans Executive Secretary, Latin American Energy Organization Energy Transition Readiness: Latin America and the Caribbean 3