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Latin America Energy Outlook 2023
World Energy Outlook Special Report Latin America and the Caribbean is a region that stands out in the global energy sector. It boasts extraordinary natural resources – both fossil fuels and renewable energy – and a significant share of the world’s critical minerals. It also has a history of ambitious policy making in pursuit of stronger energy security and greater sustainability that has delivered one of the cleanest electricity mixes in the world. As the region emerges from a period of sluggish economic growth, countries in Latin America and the Caribbean now stand to leverage these resources to revitalise their economies…
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Energy Efficiency 2018
…world, its positive impact on global energy use is overwhelmed by rising economic activity across all sectors. Efficiency can enable economic growth, reduce emissions and improve energy security. The right efficiency policies could enable the world to achieve more than 40% of the emissions cuts needed to reach its climate goals without new technology. Energy Efficiency 2018 looks at why efficiency’s massive potential remains untapped, and through the new Efficient World Scenario explores what would happen if countries maximized all available cost-effective efficiency potential between now and 2040, highlighting what policy makers can do to realise this opportunity. Key findings Energy efficiency works..…
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Energy Policies Beyond IEA Countries: Mexico 2017
…decades. Starting from a largely closed and monopoly-driven energy market, the reform has taken concrete steps to harness market forces to attract investments and increase production while ensuring transparency and rule of law, improving energy security and strengthening the environmental sustainability of the energy sector. Some policy areas, such as promoting competition and redesigning emergency preparedness, will have to remain a priority. The transition to open energy markets should continue in a transparent manner, and with regulatory certainty. The new roles and responsibilities for the public and private entities, in particular for energy supply emergencies and energy data collection…
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Italy 2023
…for emissions reductions and energy efficiency. The government has taken encouraging initial steps to overcome the long permitting procedures, administrative burdens and increasing local opposition that have delayed new renewable installations. Italy in 2022 successfully reduced its reliance on Russian natural gas imports, by signing new contracts with alternative suppliers, making use of the pipeline and LNG infrastructure that it has built up over the last decade. Reducing overall demand for natural gas through an accelerated shift to alternative energy sources and a stronger focus on energy efficiency, especially in the building sector, will not only further strengthen energy security…
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Boosting Efficiency in Latin America
Delivering affordability, security and jobs to advance people-centred energy transitions Countries around the world are facing an energy security and affordability crisis affecting households, businesses and public budgets. In Latin America, household expenditure on energy services is second only to food. On average, the share of household budget for energy ranges between 7% and 9% of income – and up to more than 24% for the poorest households. As governments urgently implement measures to protect citizens and secure their economies, it is important to consider short- and long- term solutions to ease existing pain and reduce risks over time. While…
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Oil and Gas Emergency Policy: Italy 2010 update
Oil and Gas Emergency Policy: Italy 2010 update In 2007, the IEA published Oil Supply Security: Emergency Response of IEA Countries 2007. This report provided an overview of the IEA oil emergency response system and a detailed look at the specific systems in each IEA country for responding to an oil supply crisis. The report represented the findings of a five-year review cycle of the emergency response mechanisms in IEA member countries. Since the 2007 publication, the IEA has started a new cycle of reviews which now includes reviewing gas emergency policies. Rather than waiting for the completion of…
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Italy Electricity Security Policy
Country Energy Security Policy - Electricity Electricity overview Electricity demand in Italy has been stable for around a decade but will inevitably rise in the long term as the government promotes electrification in transport, heating and industry. Demand will likely outpace growth in electricity generation, increasing Italy’s reliance on electricity imports. And as demand rises, Italy will need to install significant amounts of additional variable renewables capacity (estimated by the government at up to 70 GW by 2030) in order to comply with the EU’s Fit-for-55 package, and meet its own long-term decarbonisation goals. The addition of…
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Italy Natural Gas Security Policy
…dispatchable power and a key energy source for the buildings and industry sectors, even if the roles of biomethane and hydrogen grow. With gas consumption unlikely to fall significantly and domestic production remaining limited, Italy will remain heavily dependent on natural gas imports for the foreseeable future. Reducing dependence on Russian gas imports is a key objective in the short-term, and the government is aiming to achieve and maintain a more diversified range of gas supply sources for the longer-term, and ensure that adequate infrastructure is in place to facilitate imports.The security of natural gas supply in…
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Italy Oil Security Policy
Country Energy Security Policy - Oil Oil overview Oil consumption declined considerably from 2007-2014, but then remained relatively stable from 2015-2019. It rebounded strongly in 2021 to pre-pandemic levels after falling sharply in 2020. In the short-term, there is little to suggest that oil demand will decline significantly. However, in the medium to long-term, the government expects a major reduction in oil demand, largely as a result of greater use of electric vehicles and alternative fuels in the transportation sector. Italy has a large refining industry and is a significant net exporter of oil products. However…
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Italy's legislation on oil security
…20(1) DMS). A major supply disruption exists when there is a ‘substantial and sudden drop’ in the ‘supply of crude oil or petroleum products to the European Union (EU) or to a Member State, irrespective of whether or not it has led to an effective international decision to release stocks’ (article 2(1)(G) DMS). An ‘effective international decision’ is a decision by the International Energy Agency (IEA)’s Governing Board to release emergency stocks (article 2(1)(E) DMS). Further, emergency measures may be taken to address a local crisis (article 20(5) DMS). Authority determining whether emergency…