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Energy for the Western Hemisphere: Revisiting Latin America's Energy Scene before the 5th Summit of the Americas

Authors
Publisher
Real Instituto Elcano de Estudios Internacionales y Estratégicos
Publication Date
Disciplines
  • Design
  • Ecology
  • Economics

Abstract

Growing energy demand in Latin America and the persistence of numerous barriers to expanded supplies of both traditional and alternative energies, together with the imperative to reduce carbon emissions and prepare for the effects of climate change, pose significant challenges to the countries of the region. For years, strong demand, rising oil prices and energy nationalism threatened sustainable growth, particularly in net-importing economies, but now the credit crisis, economic recession and falling oil prices threaten to destabilise some producer states and undermine the thrust towards unconventional hydrocarbons, renewable energy deployment and effective policies to ward off climate change. A collaborative, regional energy strategy, while difficult to conceive and design, would likely be a positive contribution to the policy quest for greater energy security and more rational energy stances in the face of climate change. Regional energy collaboration in the Americas is also an area in which the US and Spain might develop an effective partnership for the promotion of renewable energies.

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