Over the last few decades, China has become a major player in Latin America’s energy sector. As one of the world’s largest oil consumers, the Asian giant has provided oil-backed loans and equity investments in numerous countries with large oil reserves like Venezuela and Brazil. Yet increasingly, China has been expanding its footprint in the region’s renewable energy sector as well.
Making climate change a central theme of a renewed US focus on the root causes of migration from the Northern Triangle presents an opportunity for the Biden administration to address its border dilemma while simultaneously advancing its climate-related foreign policy goals.
The economic damage wrought by Covid-19 in the Caribbean will have numerous implications for the energy sector. In this Q&A, Jed Bailey, managing director of Energy Narrative, discusses impacts for renewables, resilience, utilities, and more.
The perfect storm of the plummeting oil price and the Covid-19 pandemic could have dire consequences for oil-dependent Latin American economies, lead to a reduction in upstream investment, and damage the prospects for renewable energy projects.
A private long-term power auction and changes to Clean Energy Certificate rules are major developments in a challenging new context for Mexico’s renewable energy sector. Nate Graham, assistant for the Energy Program, asked non-resident senior fellow Héctor Castro Vizcarra about their implications.
Mexico’s government this month approved supporting secondary legislation that will provide additional direction for the country’s energy reforms.
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