Since the beginning of the COVID19 pandemic in early 2020, Argentina has committed at least USD 0.55 million to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:
- Some public money committed for unconditional fossil fuels (5 policies with the value of public money unquantified)
- No public money commitments identified for conditional fossil fuels
- At least USD 0.55 million for unconditional clean energy through 1 policy (1 quantified)
- No public money commitments identified for conditional clean energy
- No public money commitments identified for other energy
Supporting fossil fuel energy
Supporting clean energy
By energy type, some public money committed for oil and gas (4 policies with the value of public money unquantified).
In addition, some public money committed for coal (1 policy with the value of public money unquantified).
Further, no public money commitments identified for hydrogen based on fossil fuels.
Finally, no public money commitments identified for multiple fossil fuels.
A considerably larger amount of public money committed to supporting the economy and people of Argentina through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.
These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.
Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 12 August 2020
|Read more||Jurisdiction||Category||Policy name||Policy type||Sector||Energy type||Stage||Mechanism||Legislation and endorsing agency||Arm of Government||Primary and secondary stated objective of the policy||Date of entry into force||Implemented repeal date, if any||Value as stated (specify currency)||Value committed, national currency||Value committed, USD||Value disbursed, national currency||Date of announcement||Value disbursed, USD||Policy background||Links to official sources||Links to additional sources|
|national||clean unconditional||Public support to private investments in renewable energy and energy efficiency in the agriculture sector||Fiscal||Multiple sectors||Solar||Energy efficiency||Loan (Hybrid)||Agriculture Ministry||Government||To promote private investment in renewable energies, energy efficiency, sustainable use of natural resources, and improved competitiveness and development of agrofisheries.||01/07/2020||ARS||35.00 million||551208||Unquantified||01/07/2020||Unquantified||"The call is oriented to support the sustainable development of agrofisheries activities and to promote technological innovation with a low environmental impact and cleaner production. These "non-refundable contributions" (Aportes No-Reembolsable - ANR) will co-finance the use of renewable energies oriented to the incorporation of applied technologies in agrofisheries activities, towards: 1) photovoltaic panels for electricity generation, 2) solar pumps for water extraction, 3) solar tanks for heating water. For the effects of the current call, a total amount of 35 million pesos are committed. The limit of financial support as a "non-refundable contribution" will be up to 60% of the investment, with a limit in pesos equivalent to USD30000."||
|national||fossil unconditional||Reactivation of Rio Turbio coal plant||Fiscal||Power generation||Coal||Electricity generation||Budget or off-budget transfer (DT)||Treasury Ministry||Government||To generate local employment in a province with a high rate of unemployment.||01/05/2020||ARS||Unquantified||0||Unquantified||01/03/2020||Unquantified||"The new institutional management of the CARBONIFEROUS FIELD OF RÍO TURBIO AND OF THE RAILWAY SERVICES WITH TERMINALS IN PUNTA LOYOLA AND RÍO GALLEGOS has, among its objectives, the sale of energy produced from mineral coal, which determines that the aforementioned Thermal Power Plant and Reservoir constitute an essential unit of exploitation, which makes it convenient to transfer the work of the aforementioned Río Turbio Thermal Power Plant."||
|national||fossil unconditional||Prohibition to import fossil fuels / Decree 488/2020||Other||Resources||Oil and oil products||Several energy stages||New or extended regulation (IT)||Production Ministry||Government||To force companies in Argentina to consume locally (nationally) extracted oil and oil products.||01/05/2020||ARS||Unquantified||0||Unquantified||01/03/2020||Unquantified||Economic crisis, unemployment from COVID and oil price crash led to efforts toward the protection of domestic fossil fuel producers||
|national||fossil unconditional||Cut in export tax / Decree 488/2020||Fiscal||Resources||Oil and oil products||Exploration or production or processing or storage or transportation||Tax or royalty or govt fee break (GRF)||Treasury Ministry||Government||To incentivize the continuing extraction of oil.||01/05/2020||ARS||Unquantified||0||Unquantified||01/03/2020||Unquantified|
|national||fossil unconditional||Tax freeze on liquid fuels / Decree 488/2020||Fiscal||Resources||Oil and oil products||Exploration or production or processing or storage or transportation||New or extended regulation (IT)||Production Ministry / Treasury Ministry||Government||To avoid transferring the higher price for fuel to consumers.||01/03/2020||ARS||Unquantified||0||Unquantified||01/03/2020||Unquantified|
|national||fossil unconditional||Fixed price for the oil barrel (Barril Criollo) / Decree 488/2020||Other||Multiple sectors||Oil and oil products||Exploration or production or processing or storage or transportation||New or extended regulation (IT)||Production Ministry / Treasury Ministry||Government||First, to keep the level of activity in fossil fuel exploration and production. Second, to raise the income levels in the oil-producing provinces due to the higher level of royalties that companies should pay.||01/03/2020||ARS||Unquantified||0||Unquantified||01/03/2020||Unquantified||The fixed price is a response to maintain national production and exploration of hydrocarbons, affected by the COVID crisis and oil price crash, in order to maintain investments toward self-sufficiency in hydrocarbons, maintain jobs, and achieve the principles of hydrocarbon sovereignty. Extractive companies should maintain the staff and the extraction level in the same level as 31st December 2019. Refineries are forced to buy oil from local producers (imports are forbidden).||
https://www.boletinoficial.gob.ar/detalleAviso/primera/229470/20200519 Accessed 19 May 2020