A critical analysis of the economic factors of adoption of renewable energy in different Latin American countries

Authors

DOI:

https://doi.org/10.47456/bjpe.v11i1.46950

Keywords:

Economic barriers, Renewable Energy, Latin America

Abstract

Renewable energy sources, such as solar, wind, biomass and geothermal, are sources that regenerate naturally and, therefore, offer a more sustainable alternative to energy sources from fossil fuels. Therefore, in developed countries, large-scale adoption reflects favorable economic policies. However, in underdeveloped or developing countries, economic barriers persist that hinder the adoption of these energy sources. In this context, this article aims to discuss the main limiting factors found in the literature, from an economic point of view, for the adoption of renewable energy in selected countries in Latin America. To this end, a systematic review of the literature was carried out in the Science Direct, Scopus and Web of Science databases. It was concluded that the main economic limiting factors for the adoption of renewable energy are associated with dependence on fossil fuels, high installation costs, lack of infrastructure, financing difficulties and government economic support. It is also noteworthy that selected countries in Latin America were included in the study, since the literature found for these countries is scarce.

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Author Biographies

  • João Victor Araújo de Freitas, Universidade Federal do Paraná, Centro Universitário de Curitiba - PR

    Mestrando em engenharia de Produção, pela Universidade Federal do Paraná, Bacharelado em Engenharia de Produção pela Universidade Federal do Amazonas (UFAM) - 2022. Técnico em Manutenção e Suporte em Informática pelo Instituto Federal do Amazonas (IFAM) - 2022. Fui representante discente do Conselho Superior de Administração (CONSAD - UFAM). Ex-membro do Programa de Educação Tutorial (PET) onde desenvolvi pesquisas na área de Injeção de Termoplásticos. Desenvolvi pesquisas nos campos de Gestão Estratégica, Gestão de Custos, Educação em Engenharia de Produção, Fui membro de comissão organizadora da Semana Nacional de Ciência e Tecnologia (SNCT), Semana de Engenharia de Produção (SEP) e Semana de Mobilidade Urbana de Itacoatiara (SMUI). Possuo artigos científicos publicados em áreas inerentes à Engenharia de Produção. Atualmente desenvolvo pesquisas na área de energias renováveis e planos de negócio inovadores.

  • Izabel Cristina Zattar, Universidade Federal do Paraná, Departamento de Engenharia de Produção.

    He holds a degree in Mechanical Technology from the Educational Society of Santa Catarina (2002), a master's degree in Mechanical Engineering from the Federal University of Santa Catarina (2004) and a PhD in Mechanical Engineering from the Federal University of Santa Catarina (2008). He has experience in the areas of manufacturing processes, process planning and improvements, productivity and innovation indicators. He currently develops works focused on Innovation, with consolidated partnerships with Institutes of Technology, Technology-Based Incubators and Development Agencies. It also works in partnership with private service and manufacturing companies.

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Published

2025-02-03

Issue

Vol. 11 No. 1 (2025): Regular Issue (January - March)

Section

ENVIRONMENTAL ENGINEERING AND SUSTAINABILITY

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How to Cite

Freitas, J. V. A. de, & Zattar, I. C. (2025). A critical analysis of the economic factors of adoption of renewable energy in different Latin American countries. Brazilian Journal of Production Engineering, 11(1), 63-76. https://doi.org/10.47456/bjpe.v11i1.46950

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