FILE PHOTO: Excess natural gas is burnt, or flared, from Mexican state-owned Pemex's Tula oil refinery, located adjacent to the Tula power plant belonging to national power company Comision Federal de Electricidad, or CFE, in Tula de Allende, north of Mexico City, Mexico June 22, 2020. REUTERS/Henry Romero/File Photo/File Photo/File Photo
In 2018, Latin American nations combined emitted as much carbon dioxide as Russia, the world’s fourth-largest CO2 emitter, according to International Energy Agency data. The 2020 volume represented a 12% decline from the record 3.05 million bpd in 2019, but still up 88% from a decade earlier. “CFE has important investment plans today, but they do not include renewables, power transmission or distribution,” Tania Ortiz, CEO of Mexico’s energy company IEnova, said at the CERAWEeek conference, organized by IHS Markit.
In Colombia, President Ivan Duque is pushing companies to dramatically cut CO2 emissions while expanding non-conventional renewable energies.
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