April 2020

April 2020

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.

Featured Report

COVID-19 and Latin America’s Energy Sector: Today, Tomorrow and Beyond the Crisis

Opinion & Analysis

Electricity Demand During Lockdown: Evidence from Argentina

El mercado de combustibles de MĂ©xico y un “doble golpe”

Will Investors Leave Vaca Muerta Amid Lower Oil Prices?

Energy matters – What happens when the price is not right? – ENERGY MATTERS © VOL. 15

Webinars

The Material and Metal Security of Low-Carbon Energy Transitions

Energy Resource Governance Initiative (ERGI)

The Future of Clean Energy Demands Critical Mineral Policy Solutions

Renewables in Argentina, Trends, Expectations and Investment Perspectives

Podcast

Oil Prices, Pipeline Outages and Reducing Subsidies in Ecuador: A Conversation with Julian Pastor, Partner at Sempertegui Abogados

Videos

CEARE-IOA Oil Markets Presentation featuring Mikkal Herberg

El precio del petrĂłleo en los tiempos del Covid -19

¿Quién puede salvar a Venezuela del desabastecimiento de gasolina?

In the News

Mexican oil prices stay low as demand tanks, storage maxed out

Mexico’s state oil company hasn’t paid hundreds of workers for months

Jeremy Martin: “Los proyectos petroleros en marcha favorecen a Guyana”

Maduro acelerĂł plan de PDVSA para sacar a EE UU de Venezuela

Webinar: Renewables in Argentina, Trends, Expectations and Investment Perspectives

Webinar: Renewables in Argentina, Trends, Expectations and Investment Perspectives

 

Contact: Jacqueline Sanchez

Presentation (PDF)

 

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.

Join us for a webinar with Jorge Barrigh, Chairman of the Board of the Latin American & Caribbean Council on Renewable Energy (LAC-CORE). Barrigh will share his insights on the developments and outlook for renewable energy in Argentina, particularly as the country navigates the current economic and health care crises.

The webinar will be held Thursday, April 30 at 10:00am San Diego (12:00 pm Houston; 2:00 pm Buenos Aires; GMT/UTC – 8 hours). The webinar will include a live Q&A session with the audience.

Electricity Demand During Lockdown: Evidence from Argentina

This article was first published by the IPS

By 

Andrés Chambouleyron is non-resident fellow at the Institute of the Americas

BUENOS AIRES, Apr 28 2020 (IPS) – Electricity demand normally depends on such variables as retail electricity rates, daytime temperature, time and day of the week, economic activity and consumer type (i.e. residential, commercial, industrial, etc.). (more…)

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