Regulators and private companies will continue to play important roles in the development of Mexico’s energy resources despite President Andrés Manuel López Obrador’s focus on strengthening state-owned companies and enhancing “energy sovereignty” by reducing dependence on energy imports from the United States. This was the key message from speakers at “La nueva política energética de México,” an Inter-American Dialogue event in Mexico City.
A lack of transmission-line maintenance may have been the immediate trigger for the power outage that left much of Venezuela in darkness on March 7, but it is a symptom of almost two decades of government mismanagement that has debilitated Venezuela’s power sector, draining its reserves of both human and financial capital and nudging it towards collapse.
The largest tropical rainforest on the planet, the Amazon plays a critical role as a storehouse of carbon and mediator of the global water cycle and holds a greater share of the world’s known biodiversity than any other ecosystem. However, unchecked development is placing the Amazon under threat, pushing deforestation rates to near-record levels throughout the region.
The development of energy resources is an integral component of many of Latin America’s economies, from established producers like Colombia and Brazil to newcomers to the global energy market like freshly oil-rich Guyana. However, policymakers and energy companies throughout the region must devise solutions to a variety of fiscal, political, social, and environmental hurdles to ensure successful and sustainable projects, explained speakers at an Inter-American Dialogue event on May 10.
Deforestation rates in the Amazon River Basin have risen to near-record levels in recent years, threatening biodiversity and indigenous lands as well as global climate change efforts and weather patterns in the Amazon region and beyond. The lack of governance across Amazonian nations is a primary factor behind countries’ failure to stem forest loss, said experts at an event launching a new Inter-American Dialogue report on May 29.
Just as Pemex bonds suffered a downgrading to junk status by Fitch, Lisa Viscidi, director of the Energy Program, sat down with Nathaniel Parish Flannery of Forbes to discuss the state of Mexico’s energy sector, including oil and gas, regulators, and renewables, seven months into the AMLO administration.
Lisa Viscidi, director of the Energy, Climate Change & Extractive Industries Program, appeared on CGTN to discuss the reasons for the unprecedented blackout that affected all of Argentina and Uruguay and parts of Paraguay on June 16, how it affects Argentine President Mauricio Macri’s re-election campaign, and whether it could happen again.
Revitalizing Brazil’s energy sector will be key to Jair Bolsonaro’s success as president – but so far, he’s had mixed results when it comes to getting reforms through Congress. Unless Bolsonaro learns to work with legislators and ease turbulence within his government, Brazil’s missing energy reforms will continue to threaten its economy, and its politics.
Firms across Latin America are complaining about the difficulties of recruiting workers with the technical skills their businesses demand. Lack of adequate skills is becoming a bottleneck for growth in technologically complex industries, harming government efforts to increase investment in strategic sectors of the economy. In Mexico, the energy reform creates opportunities to generate new jobs and educate and train workers in specialized skillsets, but the country will also face challenges in meeting additional demand for skilled labor.
La directora del Programa de Energía Lisa Viscidi habló con NTN24 sobre por qué a Rusia le interesa formar parte de la OPEP (Organización de Países Exportadores de Petróleo) a pesar de los problemas que esto supone para el país.
Countries in the Amazon Basin are falling behind on their targets to cut deforestation. Environmental enforcement combined with economic incentives could provide a way forward, write Lisa Viscidi and Enrique Ortiz in this op-ed.
Conflicts over energy and natural resources are leading to social turmoil and posing serious challenges for investment projects all over Latin America. To better manage such conflicts, Latin American governments must step up their involvement in the consultation process and communicate more effectively with local communities about potential social, environmental and economic impacts, according to a new report by the Inter-American Dialogue.
The surge in unconventional oil and gas production in North America has dramatically shifted energy markets in the Americas, with important implications for Latin America and the Caribbean. A new report by Lisa Viscidi, Director of the Energy, Climate Change and Extractive Industries Program at the Inter-American Dialogue, examines the factors behind rising oil demand and the growing deficit in refining capacity in Latin America, as well as the geopolitical implications of increasing US oil product exports to the region.
El estudio analiza los avances del proyecto Sistema de Interconexión Eléctrica de los Países de América Central (SIEPAC) y enumera los obstáculos que a la fecha impiden su exitosa implementación. El autor aborda los desafíos tanto políticos como económicos que enfrentan los países centroamericanos y proponen un plan de acción que incluye medidas para facilitar la coordinación internacional, fortalecer a las instituciones que encabezan el desarrollo y operación de la matriz eléctrica regional, y crear un marco seguro para el surgimiento de nuevos contratos de largo plazo.
Brazil has vast oil reserves, but can the Bolsonaro government get the energy to market? Lisa Viscidi tells Richard Miles of CSIS that reforms are already in place that will enable oil production “to take off.” The real obstacles are the financial stability of Petrobras, the shaky state oil conglomerate, and the monopoly that the state has on most aspects of energy production, delivery, and even retail sales.
Lisa Viscidi, Richard Miles
Interviews ˙
˙ Center for Strategic & International Studies
