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In 2020-2021, in response to the COVID 19 pandemic, Argentina has committed at least USD 1.44 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:
The guidelines call for structural change in the systems of supply and use of energy. The broad objective is to ensure that the future Argentine productive structure is inclusive, dynamic, stable, federal, sovereign and environmentally sustainable.
A considerably larger amount of public money committed to supporting the economy and people of Argentina through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector.
In addition to investing in renewable projects, as part of their energy transition policies, Argentine oil and gas companies have also been looking into lithium and copper projects. It is well-known that lithium batteries, as an option for rechargeable energy storage, have created a strong demand for lithium.
The Argentine market is not strange to the shift of oil and gas companies towards the power industry. Different long-standing Argentine oil and gas companies like Tecpetrol, Pan American Energy (PAE) and YPF have been investing in renewable generation projects in the past years.
On July 7, by Resolution 517/2023 of the Secretariat of Energy (of the Ministry of Economy), Argentina approved the National Energy Transition Plan to 2030 and the Guidelines and Scenarios for the Energy Transition to 2050 .
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• Reduce energy demand by at least 8% through energy efficiency and responsible energy use. • Exceed 50% renewables in electricity generation. This includes renewable energies under Law 27.191 (2015) and hydroelectric plants …
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In addition to investing in renewable projects, as part of their energy transition policies, Argentine oil and gas companies have also been looking into lithium and copper projects. It is well-known that lithium batteries, …
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13 · In 2020-2021, in response to the COVID 19 pandemic, Argentina has …
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