The perfect storm of the plummeting oil price and the Covid-19 pandemic could have dire consequences for oil-dependent Latin American economies, lead to a reduction in upstream investment, and damage the prospects for renewable energy projects.
A private long-term power auction and changes to Clean Energy Certificate rules are major developments in a challenging new context for Mexico’s renewable energy sector. Nate Graham, assistant for the Energy Program, asked non-resident senior fellow Héctor Castro Vizcarra about their implications.
For over a decade Colombians have been debating whether or not to allow oil companies to use hydraulic fracturing, or fracking, to produce oil and gas from shale rock, a technique that has been controversial in many countries. The high court’s decision last week to uphold a moratorium on fracking suggests the increasingly polarized debate is far from over.