President Andres Manuel Lopez Obrador assumed the presidency a year ago. Energy has been a key part of his government and rhetoric promising “profound and radical” change. While he has not reversed the overarching laws supporting Mexico’s energy market liberalization, which he strongly opposed, he has sought to chip away at it. With much focus on oil and Pemex, it bears noting that his government’s recent efforts also cast doubts on the expansion of renewable energy in Mexico and, in turn, the international effort to fight climate change. On the sidelines of our program in Washington, DC we sat down to catch up with Julio Valle, Joint Director of the Wind Energy Association (AMDEE) and Solar Energy Association (ASOLMEX) in Mexico to share the latest clean energy market developments, policy changes surrounding CELs and the unfolding legal challenges.
Mexican president Andres Manuel Lopez Obrador marks one year in office on December 1. As the milestone approaches, rhetoric and innuendo swirling around the country’s energy sector and particularly its renewable energy outlook has begun to take the form of more concrete actions and policies.
In early June, Argentina exported its first liquefied natural gas (LNG) cargo ever. Government officials and industry players agree that the path forward for monetizing the world’s second-largest shale gas play is almost exclusively an LNG conversation. The LNG shipment in early June underscores that development of the gas market is moving ahead despite the country’s macroeconomic difficulties and electoral calendar.
On May 22nd and 23rd the Institute of the Americas hosts the XXVIII La Jolla Energy Conference. As we count down to this year’s Conference, we’ll be raising the curtain on a few of our key topics and panels. As we gather this year, we’ll spend time assessing the dramatic transformation that the global energy sector is undergoing and implications for our hemisphere. The resurgence in upstream developments across the region will be featured but also against the backdrop of the question of how much oil and for how long? Venezuela will be a key area for discussion including our nightcap roundtable focused on political developments and a full panel on the future of the energy sector and discussion of the path forward.
Last December, Argentina enacted regulations to implement law No. 27.191 to accelerate its distributed generation (DG) market, decentralize energy sources, reduce emissions and create jobs. As with most nascent legal and regulatory measures, success will depend on designing the proper policies that will attract local investment and grow its DG market sustainably.