When it comes to sustainable development, Argentina possesses an exceptional and diversified energy mix: fossil fuels, solar, steady winds, global leadership in the nuclear energy sector, water resources, and biomass. The global energy transition therefore presents a dual challenge: to use fossil fuels intelligently in order to ensure energy supply and generate foreign currency, while at the same time accelerating the shift toward clean energies. Furthermore, addressing the economic and environmental crises of the 21st century requires deploying innovative financial instruments, such as green bonds, sustainable bonds, and payments for ecosystem services. At Fundar, we argue that decarbonization should be approached pragmatically and flexibly, in order to make the most of available resources, minimize risks, and sustain a clear and consistent long-term strategy.
