Weekly Report - 17 October 2013 (WR-13-41)

President Sebastián Piñera has promulgated a new law requiring utilities to double their usage of non-conventional renewable energy (NCRE) from 10% to 20% by 2025. He said the law would diversify Chile’s energy matrix, reducing the barriers to this sort of technology, which would help reduce the risk of lack of supply, lower the costs of electricity and reduce the country’s dependence on imported fossil fuels. But is the target ambitious enough?