EU Signs Energy Cooperation Pact with Latin America

The European Union (EU) and the Latin American Energy Organisation (OLADE) have formalized a strategic partnership by signing a memorandum of understanding to deepen cooperation on energy matters, including clean energy, innovation, and climate change mitigation. This agreement grants the EU permanent observer status within OLADE and aims to coordinate efforts across a region representing over one billion people and a significant share of global GDP. Key objectives include tripling renewable energy, doubling energy efficiency by 2030, reducing reliance on fossil fuels, and addressing energy poverty in both regions. The partnership also involves collaboration with international organizations such as IRENA, IEA, UNDP, and ECLAC to support these goals. EU Commissioner Dan Jørgensen emphasized that the pact strengthens political dialogue, trade, and expert-level collaboration, reinforcing the global clean energy transition while counterbalancing other global influences in Latin America. Separate from this, Cyprus highlighted the importance of cross-border cooperation and financial investments in renewable energy integration within water infrastructure, showcasing an example of successful international collaboration with the UAE to address resource challenges.