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The continuing importance of hydrocarbons
Limits of clean energy drive in the region (difficulties financing decarbonisation efforts)
However, despite rapid progress in deploying renewable projects and adding to renewable generating capacity thanks to an uptick in investment, fossil fuels were not displaced from the overall energy mix at a comparable rate due to a number of structural constraints.
- Introduction
- Historical role of fossil fuels in the region
- 2010s drive towards energy transition
- Limits of clean energy drive in the region (difficulties financing decarbonisation efforts)
- Colombia case study: Petro pushing to phase out fossil fuels but failing
- Continued global demand for fossil fuels driving exploitation in producing countries
- Brazil case study: squaring conservation commitments with more exploration
- New capacity coming online: Guyana, Suriname, Argentina Vaca Muerta + more
- Venezuela case study: to what extent will the oil industry recover its former glory?
- Future plans - how is rightward political shift changing energy policies?
- Geopolitical considerations/potential influence of multilateral climate commitments
- Is the energy transition stalled? Can the transition continue domestically in fossil fuel-producing nations even as they maintain or grow exports?
- Conclusion: to what extent did the previous fossil fuel era end?