Argentina bets on natural gas despite climate commitments
Despite its emissions reduction targets, Argentina is doubling down on hydrocarbon production. In addition to increasing fossil fuel subsidies, the government is moving forward on the expansion of a pipeline system to transport gas from the Vaca Muerta fields.
“We can become an energy exporter. We have the resources, as Vaca Muerta is the world’s second largest gas reserve, a key fuel in the framework of the energy transition”, president Alberto Fernández said at the opening of the current sessions of Argentina’s congress in March.
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However, environmental organisations claim that such plans are incompatible with commitments to reduce emissions, and that the money earmarked for fossil fuels could be used to finance the energy transition by promoting renewables.
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