Uruguay | The green future of Uruguay

Summary

The constitutional soundness together with the already made change in the energy matrix and the explicit plan in the implementation of green hydrogen leave Uruguay in a highly favorable position to decarbonize its economy, which will increase the life quality of its future inhabitants

Key points

• Key points:
• The concentration of carbon in the atmosphere is increasing the global temperature, favoring the so-called "greenhouse effect". There is consensus among countries on the need to reduce net greenhouse gas emissions to zero by 2050.
• Uruguay took a first step in the transformation of its energy matrix, reducing its dependence on crude oil and increasing the generation of clean energy.
• Decarbonization is the economy’s new challenge. Uruguay has been at the forefront of long-term sustainability policies, being one of the first countries to issue a sovereign bond linked to sustainability.

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