Intelligence chiefs to be replaced in Peru; Citigroup is permitted to process Argentine debt payment; Costa Rica sets global clean energy record; former Spanish PM to defend Venezuelan opposition leaders; Ayotzinapa victims’ families visit Amnesty International.
As investment levels are cut back, the oil price environment should be leveraged to encourage integration efforts in the region that would improve conditions for investment, even in a price-constrained environment. Countries that are net importers of energy should take advantage of this time to invest in renewable energy, since budgets might allow for this type of spending at the moment.
The conditions for renewable energy in Latin America are favorable. From the photovoltaic potential of the Atacama Desert in Chile to the many rivers that feed into hydroelectric dams in Brazil to the fields of African palm oil in Colombia, developers have been drawn to the region due to a unique geography that offers great potential for renewable feedstocks.
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