The April edition of Energy Panorama arrives as the world continues to navigate and manage crisis. We reiterate our best wishes to everyone directly affected by the COVID-19 pandemic.
As the calendar turns to May, it’s time for the annual La Jolla Conference. As you know, last year the La Jolla Conference went tieless. This year we are going virtual. With the restrictions in place for travel and meetings, the XXIX La Jolla Conference will break new ground as a weeklong virtual conference from May 18-22. Please join us online this year.
Our featured report this month looks at the impacts of COVID-19 and the implications for Latin American economies and specifically the energy sector. We invited a dozen energy experts from across Latin America to comment on their respective markets. IOA non-resident fellows Andres Chambouleyron, Leonardo Beltran and Nelson Narciso were key contributors.
Our collaboration with the Payne Institute for Public Policy at the Colorado School of Mines and webinar series Critical Minerals and the Energy Transition continued in April. We hosted three joint webinars focused on the intersection of critical minerals and the global energy transition, as well as a look at governance and implications for public policy and investment.
We ended April with an update and discussion of the outlook for renewable energy in Argentina as part of our traditional monthly webinar series.
Our non-resident fellow, Andres Chambouleyron, penned an essay for IPS News examining electricity demand during lockdown and the case of Argentina while Jeremy Martin commented for the Inter-American Dialogue’s Energy Advisor on the outlook for Vaca Muerta against the backdrop of the oil price collapse.
April also saw us formally kick off our collaboration with CEARE at the University of Buenos Aires and a session and discussion of oil markets featuring our UCSD colleague Mikkal Herberg.
Our analysis in April included the Spanish version published by Mexico’s El Universal of Jeremy Martin’s essay on oil price and fuels market in Mexico and featured his participation in a virtual panel hosted by El Universal.
Our podcast series turned to Ecuador and discussion of the oil sector, pipeline issues and possible reduction of fuel subsidies in a conversation with Julian Pastor of Quito law firm Sempertegui Abogados. Jeremy Martin also sat down to chat with Emily Hersh as part of the Minerals Manhattan Project podcast. They discussed a wide range of issues from the role of China in the Americas to leadership and multilateralism in today’s world.
We are also pleased to continue to bring you the cogent insights of IOA board member Chris Sladen and his monthly essay written for ANZMEX.
This webinar event is brought to you by the Institute of the Americas ETI Program
For years, outside of large-scale hydroelectric projects, Argentina saw limited activity in the renewable energy space. That began to change with a major policy development in the latter part of Cristina Kirchner’s second term. In October 2015, Law 27191, “Legal Regulations on National Promotion for the Use of Sources of Renewable Energy to Generate Electric Power” was successfully passed and enacted.
With the advent of the law and from late 2015 through 2019, Argentina experienced a significant increase in renewable energy development. In particular, the RenovAr program provided a boost for renewables in Argentina and what has been acknowledged as a period of unprecedented growth recognized nationally and internationally.
While the RenovAr program remains in place and the sector’s activities continue to be underway, the ongoing policy evolution derived from last year’s election and political transition, the macroeconomic context, and the current pandemic and its impacts to the local economy, have resulted in strains and unresolved uncertainties for renewables in Argentina.
The visit to the 🇺🇸 of President @lopezobrador_ has as a framework the entry into force of #USMCA, a modern trade instrument that will make #NorthAmerica a more competitive region by strengthening the productive chains of our countries.