The energy transition in Argentina
Argentina is a country that has enormous amounts of natural and renewable resources to be exploited. This places it in a position of importance at the regional level within the power generation and also globally as a potential case study.
Despite having rough natural resources, Argentina’s economy today is stagnant. To some extent, this is due to the growing need for imported energy and the shortage of monetary resources to do so. Argentina’s energy matrix depends heavily on fossil fuels and a lack of investment and competitiveness in the sector led to the need to obtain external energy.
Faced with the current situation, it emerges a solution that combines all natural resources but with a growing share of renewables in the energy mix. This solution is what is called energy transition program.
What does the energy transition mean?
The concept of energy transition describes the transformation of the current energy model — characterized by the use of conventional energy generation and major infrastructure, such as thermal and nuclear power — in an energy model that is mainly based in renewable energy. Energy efficiency and coexistence for large installations with distributed solutions close to the end consumer are also a matter of study.
The energy transition involves the gradual replacement of traditional technologies we use to generate electricity, as well as those, for example, used to transport and keep warm our homes.
The transition is part of the need to:
- combat climate change;
- protect people’s health;
- reduce economic, financial and technological hazards;
- promote maximum fuel efficiency;
- provide predictable and affordable prices and
- reduce geopolitical tensions based on energy dependence.
The energy transition also entails changes in our behavior as energy consumers to increase energy savings and energy efficiency.
In order to realize the transition in an orderly and efficient manner, it is necessary to establish regulatory frameworks. Then we need to internalize the hidden costs of the current energy model. After that, we need to move towards the decarbonisation of our economy in a rhythmic way with the objectives adopted to combat climate change. The accurate policies to encourage research, development and implementation of new technologies are the key to this transition.
“There are reasons to switch to renewable energy and to increase energy conservation, and there is reason to do so now.”