The Celac and the European Union They agreed on new mechanisms to deploy the new investment agenda for up to 45 billion euros to be executed until 2027, which aims to promote the green transition, digital transformation and human development.
These are public-private investments in energy, transport, infrastructure, digitalization, health, education and research, within the framework of the EU’s Global Gateway Investment Agenda, approved during the summit held in July.
After a meeting organized by the CAF and the government of Spain in Santiago de Compostela, among the ministers of Economy and Finance of the European Union and Latin America and the Caribbean, in which he participated Azucena Arbeleche, The blocks agreed on new governance mechanisms to carry out investments in the next 4 years.
The meeting takes place at a time when total trade in goods and services between the EU and Latin American and Caribbean countries increased almost 40% since 2013. In addition, the EU identified 136 investment projects in the region and the CAF It has 70 national and regional initiatives that will help reduce poverty and inequality, in addition to promoting the green transition and digital transformation.
In Uruguay, the aim is to develop green hydrogen
Among the EU projects appears the production of green hydrogen in Uruguay, just like in Chili, as well as bringing connectivity to 85% of Colombians by 2026 and sustainable mobility in San José, Quito, Bogotá, Montevideo and San Pablo, among others.
About the development of green hydrogen, the coordinator of the H2U program in the Ministry of Industry, Energy and Mining (MIEM), María José González, He stated weeks ago in dialogue with Ámbito that “the objective is to add value through the use of renewable energies and create a decentralized investment ecosystem.”
In 2022, the government launched the roadmap for green hydrogen, defining goals and a path to follow. In addition, it received three investment projects, the most important being the one that plans to inject 400,000 million dollars to build a green hydrogen plant in Paysandu.
The EU focuses on monitoring mechanisms
The European Union will implement quarterly meetings to share good practices and consider next steps to expand the investment agenda, being the first of these in Brussels, in the first quarter of 2024.
“We want to move from statements to seeing the impact of actions in the short term,” he said. Sergio Díaz-Granados, executive president of CAF, while adding: “We must preserve this space for dialogue every two years and check the process of those 45,000 million euros that we want to be executed until 2027 through projects that impact the entire region.”
In turn, the vice president and minister of Economic Affairs and Digital Transformation of Spain, Nadia Calviño, stated that “in the rotating Spanish presidency of the Council of the EU We want to give a boost to political, economic and historical ties with the countries of Latin America and the caribbean”.
For this reason, he considered that “it is essential to move forward together and strengthen strategic alliances with this region in such a complex geopolitical context and guarantee a green, digital and fair transition in Latin America”.
Source: Ambito
