How Can Public Development Banks Support the Energy Transition of Territories?

Energy policies designed at the national level produce different effects across territories and often prove insufficiently adapted to the diversity of local socioeconomic and environmental contexts. Ecuador’s October 2019 crisis is a clear illustration of this: the removal of fuel subsidies had uneven impacts across different territories, highlighting the limitations of a one-size-fits-all approach.
At the same time, decentralized energy generation is expanding, driven by local, community-based, and individual initiatives, shaped by market forces rather than national planning. This decentralization of the energy transition is both a necessity and an emerging reality—one to which our traditional counterparts (governments, regulators, and national utilities) sometimes struggle to adapt.