Given their close proximity to the United States, LAC countries are well-positioned to capitalize on the surplus of US gas exports and current buyer’s market.
President-elect Donald Trump has vowed to overhaul US energy and foreign policy in ways that could have important impacts on energy relations with Latin America and the Caribbean.
Latin America faces some of the toughest obstacles to halting energy emissions, but many countries in the region also have among the best opportunities to reach climate goals.
The surge in US natural gas production as a result of the shale boom has implications for gas and LNG markets all over the world.
High electricity costs are a critical impediment to economic growth and competitiveness in Central America and the Caribbean.
Unless resource nationalism can be made compatible with providing incentives for significant foreign participation, it may be too early to start trumpeting a bonanza for Latin America.
Natural gas has the potential to reduce Central America’s high energy costs and mitigate its dependence on imported oil.
The results of Mexico’s energy reforms may fall well short of government promises and public expectations.
Cuts to Washington’s energy engagement could undermine the connections that help support U.S.–Latin American cooperation on issues from security to immigration. When it comes to weakening energy integration in the Americas, there are few winners.
Just as Pemex bonds suffered a downgrading to junk status by Fitch, Lisa Viscidi, director of the Energy Program, sat down with Nathaniel Parish Flannery of Forbes to discuss the state of Mexico’s energy sector, including oil and gas, regulators, and renewables, seven months into the AMLO administration.
Power Grab: What Mexico’s State-Centered Electricity Policy Means for Trade, Climate, and the Economy
Over the past two years, the government of Mexican President Andrés Manuel López Obrador has sought to strip away central aspects of the 2013 energy reform that increased private investment in the power sector and return control of the sector to state utility CFE. These moves will reduce needed investment in the sector and lead to higher electricity costs for Mexican industry and manufacturing, affecting employment, trade, and Mexico’s ability to meet its clean energy targets, according to this new report by the Inter-American Dialogue.
Lisa Viscidi, Director of the Energy, Climate Change and Extractive Industries Program, testified before the US House of Representatives Committee on Foreign Affairs on the subject of “Energy Opportunities in Latin America.”
Revitalizing Brazil’s energy sector will be key to Jair Bolsonaro’s success as president – but so far, he’s had mixed results when it comes to getting reforms through Congress. Unless Bolsonaro learns to work with legislators and ease turbulence within his government, Brazil’s missing energy reforms will continue to threaten its economy, and its politics.
Covid-19 has devastated the Peruvian economy. But as the country seeks to rebuild in the virus’s wake, it has a chance to focus on fighting climate change and creating a more sustainable development model. The extractive industries central to Peru’s economy are a source of underutilized revenues that could help seize this opportunity.
As Latin America moves towards reducing greenhouse gas emissions and fulfilling its Paris commitments, it must also work to meet rapidly growing electricity demand, which is projected to almost double by 2040.