Greenberg Traurig, LLP
Climate Impact & Sustainability Data (2024-09 to 2024-10)
Reporting Period: 2024-09 to 2024-10
Environmental Metrics
ESG Focus Areas
- Energy Transition
- Renewable Energy
- Emissions Reduction
- Electromobility
Environmental Achievements
- Brazil reduced CO2 emissions by 10% since 2020 due to renewable energy adoption.
- Brazil surpassed 30 GW of installed photovoltaic solar energy capacity.
Social Achievements
- Chile's Public Transportation Subsidy Law modification accelerates electric truck adoption, improving public transport.
- Colombia's FES 2024 focused on energy transition and environmental commitments, aiming for carbon neutrality by 2050.
Governance Achievements
- Mexico published new regulations for electric vehicle charging (Agreement A/108/2024) and integration of Electric Energy Storage Systems to the National Electric System (DACG).
Climate Goals & Targets
Long-term Goals:
- Colombia aims to achieve carbon neutrality in the energy sector by 2050.
Medium-term Goals:
- Panama aims to produce 2 million tons of green hydrogen by 2040.
- Brazil plans to install 1 GW of offshore wind power capacity through 2030.
Short-term Goals:
- Panama aims to produce 500,000 tons of green hydrogen by 2030.
Environmental Challenges
- Delays in Honduras' 1500 MW tender due to ENEE's financial problems and uncertainty about investment recovery.
- Impact of FET charge reduction on PMGD in Chile and mitigation strategies implemented.
Mitigation Strategies
- Chile implemented a compensation mechanism for PMGD to mitigate financial impacts from FET reduction.
- Honduras aims to reduce ENEE's payment arrears through bonds and improve government coordination.