LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

November 29, 2024

How Much Can Latin America Move Away From Oil?

United Nations Secretary General António Guterres earlier this month called for nations to commit to phasing down the use of fossil fuels at COP29 in Baku, Azerbaijan. // Photo: @antonioguterres on X.

Q

A

Alfonso Blanco, director of the Energy Transition and Climate Program at the Inter-American Dialogue: “The climate debate is inseparable from the history of development and future opportunities. Nations least responsible for the current climate crisis face ethical dilemmas and limitations that may hinder their development due to increasing trade barriers. While discussions often focus on the efficient use of revenues from extractive industries, these resources remain essential for addressing development gaps in Latin America and the Caribbean. Oil revenues continue to play a significant role in both national and local government budgets, directly influencing public expenditures. This production model need not conflict with climate commitments, provided it prioritizes…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

Subscribers

Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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