Embracing the Energy Transition: Bolivia’s Challenges and Opportunities

This chapter analyzes Bolivia’s pathway toward energy transition within the Latin American context, where each country’s approach varies based on unique resources and priorities. Bolivia’s energy policy has largely emphasized natural gas, focusing on expanding gas networks domestically and boosting electricity generation for export through thermoelectric plants. Meanwhile, renewable energy sources like solar and wind remain marginally implemented. The chapter explores Bolivia’s capacity to embrace a broader energy transition by evaluating its energy governance framework, including policies, institutions, and regulatory stability. Through this lens, it identifies the key challenges Bolivia faces, alongside potential opportunities for a more diversified energy future. Ultimately, the chapter argues that while Bolivia’s transition will be challenging, it can be achieved with sustained commitment to strategic policy, institutional reliability, and regulatory predictability.