Categories: Articles, Latin American Law & Business Report

Chile's Transition to a Clean Energy Matrix


As Posted on American University's Center for Latin American and Latino Studies Blog, September 11, 2017

Since Michelle Bachelet’s return to the presidency in March 2014, Chile has aggressively pursued an ambitious program to transition the country’s energy matrix toward non-conventional renewable resources. The emphasis on non-conventional includes mini-hydro facilities with a generating capacity under 20 Megawatts, geothermal, solar, wind, biomass, and potentially ocean currents. Chile aims to generate 60 percent of its electricity from domestic renewable energy resources (including all forms of hydro) by 2035, and 70 percent by 2050. To encourage that transition, Chile is one of only two Latin American countries (the other being Mexico) to establish a carbon tax, under which energy-intensive industries and utilities that exceed mandated emissions levels are charged US$5.00 per ton of CO2 emissions. Chile’s drive to adopt a cleaner energy matrix is motivated as much by a desire to reduce greenhouse gas emissions as it is to enhance energy security.

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09/17/17. 01:26:40 pm. Categories: Articles ,

How are the Americas Faring in an Era of Lower Oil Prices


As Posted on American University's Center for Latin American and Latino Studies Blog, March 24, 2016

The sharp drop in global oil prices – caused by a combination of a slowing Chinese economy hurting commodities sales and efforts by Saudi Arabia to retain market share – has both downsides and advantages for Latin America and the Caribbean. By keeping production levels steady, despite decreased demand, so that a barrel of crude remains below US$40, the Saudis’ hope is to put U.S. shale oil producers and Canadian tar sands producers out of business. The drop in oil prices has had a varied impact elsewhere in the Americas:

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03/26/16. 05:18:22 pm. Categories: Articles ,

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