Latin America Moving Forward Rapidly in Alternative Energy Technology

Latin America is one of those lovely, romantic areas of the world we all dream of visiting. Just about all of central and South America is warm, tropical and gorgeous. But with mankind’s continued neglect of our natural resources, this area is jeopardizing the entire tourist industry to amazing places like Mexico City, Mazatlan, Cozumel and Rio de Janeiro, Brazil.

As with all civilized nations, the countries in Latin America are starting to realize how dangerous their past neglect of the environment is. The Rio Plata River in Buenos Aires is highly contaminated. About 70 percent of the water in this river is used in various ways and then returned to the river with no treatment whatsoever. Though this river has always been a huge source of tourist income, it is now so filthy that it endangers the lives of nearby residents and businesses.

Javier Loya of OTC Global Holdings says: “Latin American countries are recognizing a great need to change what they’ve been doing in order to protect the earth’s resources.”

Their commitment to change was fueled by several factors. For one, this region’s fossil fuel sources are dwindling. This has caused the price of energy to soar. Small companies offering renewable energy sources moved into the area but haven’t been as successful as hoped.

Javier Loya CEO of OTC Global Holdings believes we must do better in the future at protecting the earth’s natural resources. He recently spoke about this, saying:

“Though money typically is the bottom line, Chile and other nations are now committed to moving forward with better climate mitigation measures. They’re on target to cut their carbon emissions by 30 percent by the year 2030 and this is a positive sign.”