CABEI and the International Renewable Energy Agency sign agreement for the modernization of public transportation


Together, electric mass transit, renewable energy, and sustainable financing initiatives will be promoted as alternatives to reduce fuel consumption, carbon emissions, and combat climate change.


Tegucigalpa, September 29th, 2022 - As part of its commitment to support initiatives with a positive climate impact, the Central American Bank for Economic Integration (CABEI) signed a memorandum of understanding with the International Renewable Energy Agency (IRENA) to jointly promote initiatives to modernize non-polluting public transportation.

As part of the collaboration agreement, CABEI and IRENA will develop areas of common interest, including renewable energy transition, electric transportation, clean energy financing, innovative climate investment, among others that involve the exchange of information and experiences at the Central American level in order to combat climate change.

CABEI's Executive President, Dr. Dante Mossi, said, "the agreement will allow us to deepen the exchange and generation of knowledge for the benefit of the Central American region, identifying solutions that facilitate the region's integration in sustainable mobility and energy issues in order to mitigate the negative effects of climate change.”

This collaboration will make it possible to identify initiatives that benefit the quality of life of the population by reducing fuel consumption, carbon emissions and dependence on fossil fuels in the energy matrix.

"An energy transition based on renewable energy holds great promise for Central America.  As the region's population continues to grow rapidly, so does its need for greater investments in resilient and reliable energy resources that can ensure energy access, meet climate goals and support economic progress. We are proud to collaborate with CABEI," said IRENA General Director Francesco La Camera.

CABEI Executive President Dr. Dante Mossi and Mr. Francesco La Camera, General Director of IRENA, signed the memorandum of understanding.  The hybrid event was held in Panama and Honduras, and is framed within CABEI's 2022-2024 strategic vision to address climate challenges for the well-being of the population.