Latin America, with its favourable climate, land availability and strong agricultural industry, has considerable untapped potential for biomass production. A workshop held in São Paulo in March 2023, featuring public and private sector representatives, explored this potential, focusing on Argentina, Brazil and Colombia.

The workshop reviewed successful instances of the assessment and valuation of greenhouse gas reduction using biofuels; identified the need for a robust legal and regulatory framework to ensure stable market conditions and reduce investment risk; and emphasised the importance of regional cooperation to share knowledge and overcome barriers, prejudices and bottlenecks.

In order to promote the bioenergy sector in the region, the workshop also recommended implementing a bioenergy market with financial incentives and support for research, technology, and infrastructure, and the subsequent progressive development and diversification of products and markets.