The global change of the energy matrix gained momentum in the 2010s thanks to technological advances for electricity generation with renewable energies; international agreements in favor of the environment; and climate change.
Latin American countries are in the process of changing the global energy matrix and have had several advances. The COVID-19 pandemic paralyzed the world and the economy. Latin America was no exception and it seems that this may have slowed down renewable energies.
The energy transition in Latin America is underway. Government incentives and continued Chinese investments and loans will be key to its development.