Argentina awaits critical energy reforms [Gas in Transition]
Argentina awaits critical energy reforms [Gas in Transition]
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Natural Gas News
Argentina awaits critical energy reforms [Gas in Transition]
Summary
Milei has vowed to deregulate the economy, cut public spending and scale back the state through privatisation, with reforms to the energy sector set to take centre stage. by: NGW
Argentina’s energy sector is set to see critical changes in policy and regulation in the next few months, as new President Javier Milei, who took office in December, embarks on radical reforms aimed at lifting the country out of economic recession. A libertarian economist who surprised many pollsters with a landslide election win, Milei has vowed to deregulate the economy, cut public spending and scale back the state through privatisation, with reforms to the energy sector set to take centre stage. But his agenda faces tough opposition in parliament. Slashing subsidies Argentina is the largest gas market in South America, with the fuel typically accounting for over half of its power generation and around half of its overall energy supply. But th...
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
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- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”