While 2021 has been a year of transition for the energy sector in Latin America, it has also been a year of instability in the region’s political conditions and social environment. Under this context, industry experts, government officials and corporate representatives convened virtually to discuss the challenges, opportunities and changes in Latin America’s energy markets at the Fifth Annual Latin America Energy Conference.
Event Summaries ˙
˙ Fifth Annual Latin America Energy Conference
Companies are increasingly under pressure from the public and regulators to both disclose and improve environment, social, and governance (ESG) metrics. Such regulations in Europe and the United States will nudge investors toward low emissions projects. All this capital has to be put somewhere, and Latin America and other emerging markets are well positioned to become big recipients of these increased climate-focused flows.
La Fundación Propagas, la Universidad Central del Este y el Diálogo Interamericano celebraron el jueves 3 de junio la Quinta Edición de la Cátedra Magistral Ambiental, dedicada a la señora Rosa Margarita Bonetti de Santana, destacada medioambientalista de la República Dominicana.
In an interview with The Science of Where Magazine, Lisa Viscidi, director of the Energy, Climate Change, and Extractive Industries Program, and Sarah Phillips, program assistant, discussed Latin America’s progress toward the energy transition and its geopolitical implications.
Lisa Viscidi, Sarah Phillips
˙ The Science of Where Magazine
Energy storage is a class of technologies that is diverse, complex, and rapidly evolving. Policymakers in Latin America and the Caribbean will need to acquire a strong grasp of the technical characteristics and benefits of these technologies, the services they can provide, and the most relevant regional and power market applications for each technology, according to this report authored by experts from the Inter-American Dialogue and the Inter-American Development Bank.
Lisa Viscidi, Nate Graham, Ariel Yépez-García, Edwin Malagón
˙ Inter-American Development Bank
As the energy transition gathers pace and Latin American countries raise their emissions reduction targets, private companies are revising their business models to meet demand for renewable energy and other solutions. The United States has also reemerged as a partner on climate action in the region. This webinar explored the current and potential role of the private sector in Latin America’s energy transition and how the United States can provide support.
The Amazon rainforest, one of the world’s most important ecosystems, faces environmental impacts from hydroelectric dams, oil and gas drilling sites, and mining projects. A new database and analysis by the Inter-American Dialogue reveals that state-owned enterprises, as well as small and mid-sized international companies from a handful of countries, operate the largest share of such projects in the Amazon region, meaning these companies have a substantial influence over the implementation of environmental and social safeguards.
The energy markets of the United States and Mexico are deeply integrated, to the benefit of both countries and their economies. The new US administration has a clear interest in preserving and expanding this fruitful relationship while advancing its ambitious clean energy and climate goals, both at home and abroad. On March 11, the Inter-American Dialogue held a private roundtable on US-Mexico energy cooperation.
The world is in a transition to net-zero greenhouse gas emissions by 2050 that will change the way we use and produce energy and shape the sustainability of our planet. This paper, published by UC San Diego, addresses how Mexico and the United States can use their energy resources to deliver jobs, economic prosperity, and social justice at this transformational juncture in history, examining three areas fundamental to the US-Mexico energy relationship: sustainability; hydrocarbons; and gas, power, and renewables.
Lisa Viscidi, Carlos Pascual, Angélica Ruiz, David Crisostomo, Samantha Gross, Verónica Irastorza, Alejandra León, Jeremy Martin, John McNeece, Isabel Studer
Energy and climate change are important aspects of the US-Brazil relationship and will only become more prominent under the Biden administration. Brazil and the US are important diplomatic and trade partners in the hemisphere, and both countries have the potential to make major contributions to combating climate change and developing more sustainable and reliable energy systems. In collaboration with FGV Energia, on February 26, the Inter-American Dialogue held a private virtual roundtable on US-Brazil energy and climate cooperation.
On February 2, the Embassy of Argentina in the United States and the World Resources Institute hosted an event at which Lisa Viscidi spoke about how the Biden administration could engage with Argentina, and with Latin America and the Caribbean more broadly, on areas such as clean energy, climate change adaptation, and conservation.
˙ Embassy of Argentina in the United States
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.