Clean energy in the sights of Panama and the European

Clean energy in the sights of Panama and the European Union

Opening the forum the day before, the National Minister for Energy, Jorge Rivera, stressed that despite the 152 lines of action taken by the isthmus in this area, these are still not enough, stressing the importance of the meeting and the commitment to sustainability as a key one Element for overcoming current and future global challenges.

Rivera highlighted advances such as the electric mobility program and others for the rational use of electrical energy, as well as the continuity of training women from the Ngäbe Bugle region in installing and maintaining solar panels.

Environment Minister Milciades Concepción, on the other hand, told the press that cooperation is the key to successfully combating climate change.

In this context, he commended that Europe has interesting experiences in climate finance and that Panama has made great progress in aligning finance with the goals of the Paris Agreement.

With this event, he added, we hope to identify concrete opportunities for collaboration to further advance the energy transition towards decarbonization and to highlight the importance of the link between finance and climate change, which cannot be addressed without transforming the financial system.

For his part, European representative Felice Zaccheo pointed out that “through Euroclima, the EU has made Panama available to Panama its experience in formulating and implementing strategies for decarbonization and energy sustainability of its economy.”

Switching the economy to energy sources that do not produce greenhouse gases is a key element in the fight against climate change.

In this sense, the various panels and working groups of the event will include high-level figures from the public and private sectors of Panama, Latin America and Europe, relevant to the implementation of the energy transition agenda.

The final day of the forum will be dedicated to working on successful experiences in financing the green transition in European and Latin American countries, including topics such as green bonds, green credit, public-private partnerships, fiscal risk management and carbon pricing instruments.