INSUBCONTINENT EXCLUSIVE:
energy and a potential model for other developing Latin American economies.Chile has implemented regulations to certify the origin of its
products, enabling access to European markets and offering a blueprint for other nations.Carlos Felipe Jaramillo, Vice President for Latin
America and the Caribbean at the World Bank, sees Chile as having exceptional qualities for developing a competitive green hydrogen
(Photo Internet reproduction)The loan, executed by the Chilean Economic Development Agency (Corfo), aims to mitigate investment risks and
promote early-stage green hydrogen projects.Stephanie Gil, responsible for energy sector participation in Latin America and the Caribbean at
the World Bank, emphasizes the need for regulations, international certifications, and innovative financing mechanisms.The World Bank plans
to collaborate with other multilateral agencies and the private sector to leverage support.Chilean Finance Minister Mario Marcel highlights
Morocco and India, which have shown interest in becoming leaders in the sector.The World Bank believes that green hydrogen will accelerate
the energy transition by enabling long-term storage and integrating more renewable energy.With its decarbonized regions and expertise in
established the Hydrogen for Development Partnership (H4D) to facilitate knowledge exchange.Chile estimates the green hydrogen industry
could attract US$330 billion in investments and generate US$30 billion in annual exports by 2050.
