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
Bush II, Obama, and the Decline of U.S. Hegemony in the Western Hemisphere
Bush II, Obama, and the Decline of U.S. Hegemony in the Western Hemisphere applies competing definitions and conceptions of hegemony to various foreign policy initiatives and events during the administrations of George W. Bush and Barack H. Obama to test whether they manifest a decline in traditional United States dominance and leadership in the Western Hemisphere. In particular, the book examines the continued relevancy of the Inter-American system, the failure to establish a Free Trade Area of the Americas (FTAA), and the stillborn Energy and Climate Partnership of the Americas (ECPA). It also discusses the implications of the People’s Republic of China becoming a major trading partner and important source of financing and investment capital throughout Latin America and the Caribbean. The book provides critical reviews of Plan Colombia, the Merida Initiative, Pathways to Prosperity in the Americas, the Central American Regional Security Initiative (CARSI), the Caribbean Basin Security Initiative (CBSI), 100,000 Strong in the Americas, and the restoration of normal U.S. diplomatic relations with Cuba. There are extensive analyses, unusual for a work in English, on the Alianza Bolivariana para los Pueblos de Nuestra América (ALBA), Comunidad de Estados Latinoamericanos y del Caribe (CELAC), and Unión de Naciones Suramericanas (UNASUR).
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