Data, knowledge and accelerating energy transition

The general objective of this Technical Cooperation (TC) is to further promote through the Energy HUB the use of available data and information to monitor the energy transition policy goals and allow evidence-based decisions to policymakers and regulators in Latin America and the Caribbean (LAC) countries. The specific objective of this TC is to make improvements to the digital platform and develop at least two new databases and analytical visualizations for the region, including the creation of energy transition jobs with a focus on gender equity, and the energy transition industrial value chain. The inclusion of these topics in the Energy HUB platform is fully aligned with the main pillars of IDB's Vision 2025. The Energy HUB takes data and information from several verified sources to support a cross-cutting analysis of the LAC energy landscape. In this way, the Energy HUB contributes to improving the collection of data, allows for data comparability, analysis, and dissemination, and promotes research and innovation in energy. The Energy HUB works together with the six organizations, OLADE, IRENA, ARIAE, SE4All, WRI, and ECLAC. This promotes collaboration and transparency across the region. To guarantee the continuity of the project, it is necessary to secure the technical cooperation funds in the first semester of 2022 to contract experts to update and improve the Energy HUB services. Continuity is essential to the success of the Energy Hub. To avoid any interruption in the project, it is central to keep the databases updated and the platform running online. Moreover, considering the current requirement of information in the context of the vision 2025, it is crucial to start the development of the new databases. It should include surveys about the labor market transformation and develop a methodology and a database to follow the energy transition value chain. Thus, having the fund in the first semester of 2022 will allow to contract experts and firms during the second semester of 2022 and have the first results before the end of the year.

Project Detail

Country

Regional

Project Number

RG-T4078

Approval Date

August 19, 2022

Project Status

Implementation

Project Type

Technical Cooperation

Sector

ENERGY

Subsector

ENERGY INSTITUTIONAL STRENGTHENING AND CAPACITY BUILDING

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental Classification

Total Cost

USD 600,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 600,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/OC-19445-RG	Sovereign Guaranteed	USD - United States Dollar	Jul. 22, 2024	Aug. 19, 2022	Ordinary Capital	Nonreimbursable

Operation Number

ATN/OC-19445-RG

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 22, 2024
Signed Date: Aug. 19, 2022
Fund: Ordinary Capital
Financial Instrument: Nonreimbursable

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