This study examines the primary energy consumption and energy-related CO2 emissions in Argentina, Brazil, Colombia, Mexico and Venezuela during the period 1990-2006. It also reviews important reforms in the energy sector of these countries as well as the promotion of energy efficiency (EE) and renewable energy sources (RES). Using a decomposition analysis, results indicate that even though significant reductions in energy intensity have been achieved in Colombia, Mexico and in a lesser extent in Brazil and Argentina, the reduction of CO2 emissions in these countries has not been significant due to an increased dependence on fossil fuels in their energy mix. Although the Latin American region has an important experience in the promotion of EE programs and renewable sources, the energy agenda of the examined countries focused mostly on the energy reforms during the analyzed period. The policy review suggests that further governmental support and strong public policies towards a more sustainable energy path are required to encourage a low carbon future in the region. (C) 2010 Elsevier Ltd. All rights reserved.