The government of Argentina has approved the National Energy Transition Plan to 2030 with the support of the Inter-American Development Bank (IDB) and technical assistance from Global Factor, a company specialized in the sector. This plan aims to change the country’s energy matrix towards cleaner and more sustainable sources, thereby reducing greenhouse gas emissions responsible for global warming.
While Argentina is below the global average in this regard, the transformation of its energy matrix towards a cleaner, resilient, and sustainable system is essential to achieve the global decarbonization goal set in the Paris Agreement in 2015.
The plan sets out a series of general objectives and specific targets to achieve a successful energy transition by 2030.
- Inclusion: improving the quality of life of the country’s population by progressively reducing the costs of consumed energy and enabling the affordability of the equipment and technologies required in the transition process.
- Sustainability: considering the quality and quantity of existing and potential resources, aiming for a more sustainable energy matrix in terms of mitigating environmental impact through reducing greenhouse gas emissions.
- Energy self-sufficiency: achieving self-sufficiency with secure supply means by fully utilizing the most abundant, available, and valuable energy resources, both onshore and offshore.
- Federalism: a federal energy policy that promotes energy diversification throughout the national territory, taking into account regional potential, and involving provinces and municipalities in their energy development process. This includes considering not only traditional resources but also new sources of renewable energy.
- Stability and development: contributing to the reduction of structural constraints in the country, ensuring an adequate level of prices and investments in infrastructure to guarantee energy reliability, security, economic profitability, and job creation. Simultaneously, maintaining macroeconomic stability and reducing the cost of energy supply.
- Dynamism: promoting the development of new technologies for greater energy diversification, fostering the national industry associated with the production of goods, equipment, installations, machinery, and processes necessary for this energy transition journey. Simultaneously, achieving greater efficiency in all productive sectors and segments of the chain (generation, transportation, and consumption). Building on the foundation of local resources and capabilities strategically to foster technological development, maximizing local capacities in terms of job creation and value-added.
To achieve these objectives, quantitative and qualitative targets have been established. Some of the quantitative targets include not exceeding a net emission of 349 million tons of carbon dioxide equivalent throughout the economy, reducing energy demand by at least 8% through energy efficiency, surpassing 50% of electricity generation from renewable sources, achieving a 2% increase in electric vehicles in the vehicle fleet, reaching 1,000 MW of distributed renewable generation, and expanding the electric transmission network by 5,000 km of new high-voltage lines.
On the other hand, qualitative targets include creating conducive conditions for the local development of the clean energy technology value chain, generating new local and sustainable jobs in the sector, reducing energy poverty, and facilitating a just energy transition.
This plan marks a significant milestone in Argentina’s commitment to transitioning towards a low-carbon economy and will contribute significantly to global efforts in combating climate change.
For more information about the plan and its targets, please access the full report through the following link:
https://www.argentina.gob.ar/sites/default/files/infoleg/res517.pdf
Source: Global Factor
Global Factor is an international group with 19 years of experience, specialised in offering global, original, and innovative solutions in the fields of climate change adaptation and mitigation, carbon footprint, sustainability, circular economy, renewable energies, climate neutrality and carbon markets. Global Factor has an interdisciplinary team with a presence in 8 countries and has participated in more than 2,000 projects for more than 700 public and private clients, international organisations and non-profit entities in 51 different countries.
