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The continuing importance of hydrocarbons
Future plans - how is rightward political shift changing energy policies?
A string of electoral victories for right-wing politicians has given Latin America its most pronounced rightward tilt since the 1990s, with conservative leaders coming to power in a slew of countries including Argentina, Bolivia, Chile, Colombia, Honduras, and Peru, in addition to right-leaning parties retaining power in Ecuador and Costa Rica.
- 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?