Juan Cruz Monticelli, section chief of energy and climate change at the Organization of American States: “Latin America’s public transport ridership is one of the highest in the world. Electrifying public transport will bring about huge transformational gains in terms of reduced greenhouse gas emissions, while helping countries comply with their nationally determined contributions under the Paris Agreement on climate change. What’s more, among the many lessons to be drawn from the war in Ukraine is the geopolitical value of reducing a nation’s exposure to the volatility of oil markets. Encouraging private sector investments in sustainable electric transport will help raise some of the equity needed for these projects to come to fruition. But more aggressive policy action is needed if we want to keep global warming as close as possible to no more than a 1.5-degree Celsius rise in temperature. Latin American governments tend to shy away from tax incentives or tax breaks that reduce fiscal revenue. However, no policy should…”