MADRID, 11 Nov. (EUROPA PRESS) -

The economies of Panama, Uruguay and Paraguay have an opportunity in electric mobility to decarbonize their economies, due to being three countries with a "very clean" energy matrix.

According to the manager of climate action and positive biodiversity of the Development Bank of Latin America (CAF), Alicia Montalvo, these countries are "prepared" to advance in electric mobility, although they also face "significant technological and financial barriers" .

In the event 'Electric mobility to decarbonize transport in Panama, Paraguay and Uruguay, organized by CAF within the framework of COP 27, various environmental officials from Paraguay, Uruguay and Panama have agreed on the need for greater financial mechanisms that make it easier for the ultimate user to "opt for an electric vehicle". "We have an important financial and technological challenge," said Ulises Lovera, director of Climate Change at the Paraguayan Ministry of the Environment.

Specifically, Paraguay has "the necessary production of electrical energy", but it is necessary to adapt the transmission and the electrical network to the consumption that the electromobility of the future may represent.

For her part, Uruguay's national director of climate change, Natalie Pareja, has also appealed for more funding. "In Uruguay much progress has been made, but much more remains to be done, above all so that the process is faster", she has sentenced.

Likewise, the three countries have agreed that another obstacle is the size of their economies. "For this reason, we are committed to taking advantage of economies of scale, and carrying out regional projects with territories that share the same vision," explained the person in charge of climate change at the Ministry of the Environment of Panama, Juan Lucena.

Finally, the moderator of the event and CAF executive, Alejandro Miranda, recalled the importance of this financing not only coming from the public sector, but rather that the objective of the banking entity is to expand credit lines for the private sector.