In a context where energy crises are increasingly recurrent and climate commitments require concrete actions, Argentina faces a crucial challenge: promoting renewable energies and attracting strategic investments, complementing the development of the hydrocarbon resources that the country has and which are so necessary. for the transition. The recent analyzes on the Law 27,191 and the Incentive Regime for Large Investments (RIGI) They are advances on this path.
The Law 27,191which requires that 20% of the energy matrix come from renewable sources, expires in 2025. This leaves the country at a crossroads: Will we take a step forward towards a sustainable economy or will we lose the momentum gained?
Extending this standard is a necessity with a long-term vision. Furthermore, expanding the subjects required to comply with this standard could be useful as a short and medium-term step to further strengthen the market, generating a network of actors committed to the energy transition. Argentina could also explore the regulation and development of energy storage projects with batteries, as neighboring countries such as Chile are successfully developing.
The potential of this legislation encounters some difficulties in certain realities such as the limitations of the electrical transmission system. Resolving these constraints will not only guarantee the viability of new renewable generation projects, but will also consolidate a robust infrastructure capable of supporting a real energy transition. In all this, Without a doubt, RIGI is a key tool.
RIGI, designed to attract large investments, offers significant benefits, but also requires commitment. Projects with a minimum investment of US$200 million can only applyexcept for some cases where this amount may increase, such as in the case of mining, together with other requirements, if met, will guarantee that these investments have a direct and rapid impact on the Argentine economy. In addition, tax and exchange incentives, such as a reduced profit rate of 25% and the free availability of foreign currency, create a competitive environment to attract foreign capital. These measures could undoubtedly position Argentina as a regional leader in energy and other strategic sectors.
Definitely, The RIGI will allow the promotion of renewable energies in Argentina and generate business opportunities and development of work and industry. Now, this requires that certain regulatory measures be accompanied so that the transition becomes a reality as a complement to the development of the hydrocarbon resources that Argentina has and are so necessary for the growth of the country as well as the balance of the Central Bank of the Argentine Republic.
In conclusion, Both the extension of Law 27,191 and the implementation of the RIGI represent an opportunity to redefine the energy and economic future of Argentina. But this will not be achieved with well-designed laws alone; It will require impeccable execution and serious commitment from all sectors involved.
In a world where the fight against climate change is no longer an option, but an obligation, Argentina has the possibility of leading by example by providing renewable energy and affordable while developing its fossil resources for this transition and for the well-being of the entire Nation. The question is whether we will be able to seize the opportunity. We hope and are convinced that the only answer to that question is a resounding yes.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
