Summary sheet of the Coordinated Audit of Renewable Energies
The Latin American and Caribbean Organization of Supreme Audit Institutions (OLACEFS), through the Public Works Audit Working Group (GTOP), chose the topic of renewable energies in the electricity sector to carry out a coordinated audit.
The Supreme Audit Institutions of Brazil, Chile, Colombia, Costa Rica, Cuba, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Paraguay and Venezuela participated in the joint work. This made it possible to promote an exchange of information on the energy policies adopted in each country and a subsequent consolidation of the results of the audit, with the aim of contributing to the improvement of strategies aimed at expanding clean sources in the electricity matrix.
The objective of the audit was to carry out a diagnosis on public policies and investments related to the expansion of renewable energies in the electricity sector in the participating countries of the Latin American and Caribbean region, especially identifying good practices and opportunities for improvement in these policies, so as to contribute to the achievement of the commitments assumed through the Sustainable Development Goals (SDG) and the Paris Agreement.
The specific objectives addressed by the coordinated audit were:
1) To identify the current situation of the electricity matrix in each of the OLACEFS participating member countries;
2) To evaluate whether there are public policies in place to achieve national and/or international commitments for the expansion of renewable energies in the electricity sector, especially for the achievement of the Sustainable Development Goals and the Paris Agreement;
3) Analyze investments in infrastructure for the generation of sustainable electrical energy (water, wind, solar, biomass, tidal, etc.) and possible existing barriers to the insertion/expansion of this infrastructure, especially in relation to aspects related to operational challenges, regulatory issues, subsidy and promotion policies, energy security, energy prices, tariff modulation, among others.
* The executive summary is available in Portuguese and Spanish on this catalogue.
Source: https://www.olacefs.com/wp-content/uploads/2019/12/Hoja-Resumen_ING.pdf