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Chapter 12-Energy Cooperation in South America: The Case of MERCOSUR
Link: https://www.e-elgar.com/shop/usd/energy-law-climate-change-and-the-environment-9781788119672.html
By Lila Barrera-Hernández & Thomas Andrew O'Keefe
ABSTRACT
Energy resources in South America are both abundant and diverse, although these resources are unevenly distributed. Because of the enormous potential for complementarity, the integration of energy markets has long been touted as the best means to achieve regional energy security and foster economic growth in South America. The five countries of South America's Southern Cone are best positioned to create a fully integrated energy market in South America that incorporates both fossil fuels and renewable resources. While Argentina and Brazil have significant hydrocarbon reserves, Chile, Paraguay, and Uruguay must import fossil fuels or utilize domestically produced renewables. Given the intermittency of hydro, solar, and wind power, however, fully integrating the Southern Cone's energy market is imperative. This chapter reviews the legal framework for energy integration established under the auspices of MERCOSUR and assesses whether it is up to the task.
CONTENTS
12.1 Introduction
12.2 Previous Attempts by MERCOSUR to Facilitate Energy
Cooperation
12.3 An Overview of the Southern Cone's Energy Matrix
12.3.1 Argentina
12.3.2 Brazil
12.3.3 Chile
12.3.4 Paraguay
12.3.5 Uruguay
12.4 A Future Role for MERCOSUR in Integrating Energy
Markets
12.5 Conclusion