* Miguel Vázquez is Professor at the University Federal Fluminense in Brazil and Counsellor of the Florence School of Regulation in Italy.
In the field of renewable energies, the European Union, Latin America and the Caribbean have implemented successful instruments such as auctions specialised in wind energy in Brazil and the implantation of renewable energy sources in Germany. While both regions face common challenges, it is crucial to bear in mind the failures of the market, the available options and to analyse the effects with regards to technological development. These steps will allow to strengthen bi-regional experiences and to activate financing mechanisms for the energy transactions. Professor Vázquez is part of the team of a study on the same subject of the article that the EU-LAC Foundation will publish later this year. Read paper