Energy Security in Paraguay
Diversifying the energy mix by tapping into abundant solar and wind resources, and establishing clear guidelines to increase the application of renewables across all end-use sectors can improve energy security, support economic growth and enhance climate resilience in Paraguay, according to a new report published today by the International Renewable Energy Agency (IRENA).
IRENA’s Renewables Readiness Assessment: Paraguay, developed in close co-operation with the Ministry of Public Works and Communications in Paraguay, offers policy and regulatory recommendations that support the achievement of Paraguay’s energy targets under Nationally Determined Contributions (NDC). The country’s recently updated NDC ratifies a commitment to emission reductions by 20 per cent by 2030 and highlights alternative energy as a primary driver.
Paraguay is a net energy exporter with hydro and biomass resources contributing 82 per cent of the country’s final energy supply over the last decade. Yet a growing economy coupled with increasing energy demand particularly in the transport sector, has encouraged the uptake of fossil fuels, prompting a holistic assessment of the country’s future energy.
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