COVID-19 AND LATIN AMERICA EVENT SERIES
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World energy markets have been upended in recent weeks by a historic collision of factors. Just as the Covid-19 pandemic takes hold and economic activity grinds to a halt across the globe, an oil price war following the failure by Saudi Arabia and Russia to agree on supply cuts are contributing to an oversupplied market. These twin forces have driven oil prices to lows not seen since 2003, with potentially dire implications for oil-exporting Latin American economies, several of which rely on oil revenues for substantial shares of their budget. Meanwhile, sustained low oil prices could damage the competitiveness of renewable energy projects, which may also find financing increasingly difficult to obtain as investors flee emerging markets to safe haven assets. Many energy projects are seeking to declare force majeure as supply chains, labor forces, regulatory processes, and financing are disrupted.
Join us for a webinar that will explore what may lie ahead for Latin America’s energy sector during this turbulent period and beyond.
Visiting Senior Research Scholar, Columbia SIPA Center on Global Energy Policy; Former Minister of Mines and Energy of Colombia (@MauricioCard)
Partner, Holland & Knight Colombia
Founder and Managing Director, CELA – Clean Energy Latin America
Program Director, Energy, Climate Change & Extractive Industries, Inter-American Dialogue (@lviscidi)