Press Release

IDB Invest launches the first green certification for energy transmission lines in the world

Bnamericas Published: Friday, June 05, 2020
IDB Invest launches the first green certification for energy transmission lines in the world

IDB Invest release

On World Environment Day, IDB Invest, a member of the IDB Group, announces the launch of the first certification of green transmission lines in the world. This certification uses an evaluation tool, unique in the market, that classifies transmission lines based on the potential to contribute to the reduction of greenhouse gas emissions and the environmental impacts generated during the design, construction and operation of infrastructure transporting electricity.

With the launch of this first-of-its-kind certification, IDB Invest offers its clients an innovative solution to generate sustainable growth, promoting investment in green transmission infrastructure. Additionally, it will help attract new investors, particularly funds and institutional investors, who are looking for investments with high impact in the region.

A green transmission line (GTL) is an energy transmission line where the main source of the energy comes from renewable sources (wind, small hydroelectric plants, solar, bioenergy, and sustainable biomass). In addition, it must comply with international standards of environmental safeguards in its design, construction and operation phases.

IDB Invest’s methodology uses a set of indicators to classify the transmission line, using four categories: the reduction of emissions through the energy that is being transported, the design and planning of the infrastructure, the capacity to mitigate and compensate the environmental impact of the transmission line, and the environmental sustainability initiatives launched.

The certification is designed to evaluate projects both in the origination phase and transmission lines currently in operation. The launch highlights the IDB Group's experience in structuring transmission infrastructure in Latin America and the Caribbean, which is based on incorporating environmental and social safeguards and the management of complex environmental risks.

To fulfill the emission reduction commitments of the Paris Agreement, Latin America and the Caribbean must reduce greenhouse gas emissions in the energy sector by 25 to 30 percent until 2030. Achieving this requires investment in clean energy and infrastructure. Investment in the Transmission Network of the countries is necessary to successfully transport the increase in renewable energy generated, and the transmission and distribution of electricity is important to achieve decarbonization in the region.

IDB Invest bets on the development of green infrastructure as a way to reactivate the region after the COVID-19 health emergency. Reinforcing the change in the energy matrix of the countries through renewable energy is a priority for job creation, the stability of generation sources and the sustainable growth of the countries.

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