Since the beginning of the COVID19 pandemic in early 2020, Argentina has committed at least USD 342.40 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:
- At least USD 320.14 million for unconditional fossil fuels through 6 policies (1 quantified and 5 unquantified)
- No public money commitments identified for conditional fossil fuels
- At least USD 0.54 million for unconditional clean energy through 1 policy (1 quantified)
- No public money commitments identified for conditional clean energy
- At least USD 21.71 million for other energy through 1 policy (1 quantified)
Supporting fossil fuel energy
Supporting clean energy
By energy type, Argentina committed at least USD 320.14 million to oil and gas (at least USD 320.14 million to unconditional oil and gas).
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 25 November 2020
|Country||Jurisdiction||Category||Policy name||Sector||Energy Type||Mechanism||Value committed, USD||Date of announcement||Policy type||Stage||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 disbursed, national currency||Value disbursed, USD:||Policy background||Links to official sources||Links to additional sources|
|Argentina||National||Fossil unconditional||Gas Scheme 2020/2023 subsidizes gas extraction||Resources||Gas and gas products||Budget or off-budget transfer ...||320144194.39276||2020052222/05/2020||Fiscal||Exploration or production or processing or storage or transportation||Economy Ministry / Energy Secretary||Government||Primary objective: to keep gas extraction going by providing a fixed price to extractive companies; including conventional, unconventional, and offshore.||20645458808 Argentine pesos||20645458808||The government set a mixed price for gas extraction based on the difference between 3.7 USD/MMBTU and the internal market price, 2.3 USD/MMBTU. This subsidy aims to help the national government to avoid gas imports next winter. This policy includes conventional, non conventional and offshore gas, and seeks to foster investment.||
https://www.argentina.gob.ar/noticias/alberto-fernandez-debemos-entender-la-importancia-de-que-el-estado-se-asocie-empresarios-y (accessed 06/11/2020)
|Argentina||National||Other energy||National Supplier Development Programme: Energy and mining sectors||Multiple sectors||Multiple energy types||Loan (Hybrid)||21709465.326883||2020090202/09/2020||Fiscal||Several energy stages||Productive Development Ministry||Government||To promote national companies that are or aspire to be suppliers in strategic and high-impact sectors such as oil and gas, mining, automotive, railway and shipbuilding.||10/09/2020||1400000000 pesos||1400000000||The credit line will be organized with Non-Reimbursable Contributions (ANR) from the Ministry of Productive Development for up to 70% of the project, or a bonus of up to 10 points of rate to companies that invest in capital goods, certifications, product development, among other things, of companies that are suppliers of strategic chains and comply with certain conditions (increase in exports, foreign currency savings and creation of quality jobs). The main objective is to Substitute imports and/or increase the degree of national integration of the production chain.||
https://www.boletinoficial.gob.ar/detalleAviso/primera/234817/20200910 (accessed 2/9/2020)
https://www.ambito.com/economia/industria/gobierno-lanzo-medidas-del-plan-pospandemia-creditos-e-incentivos-pymes-y-grandes-s-n5129838 (accessed 2/9/2020)
|Argentina||National||Clean unconditional||Public support to private investments in renewable energy and energy efficiency in the agriculture s...||Multiple sectors||Solar||Loan (Hybrid)||542736.63317206||2020070101/07/2020||Fiscal||Energy efficiency||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||35000000||35000000||"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."||
|Argentina||National||Fossil unconditional||Reactivation of Rio Turbio coal plant||Power generation||Coal||Budget or off-budget transfer ...||2020030101/03/2020||Fiscal||Electricity generation||Treasury Ministry||Government||To generate local employment in a province with a high rate of unemployment.||01/05/2020||"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."||
|Argentina||National||Fossil unconditional||Prohibition to import fossil fuels / Decree 488/2020||Resources||Oil and oil products||New or extended regulation (IT...||2020030101/03/2020||Other||Several energy stages||Production Ministry||Government||To force companies in Argentina to consume locally (nationally) extracted oil and oil products.||01/05/2020||Economic crisis, unemployment from COVID and oil price crash led to efforts toward the protection of domestic fossil fuel producers||
|Argentina||National||Fossil unconditional||Cut in export tax / Decree 488/2020||Resources||Oil and oil products||Tax or royalty or govt fee bre...||2020030101/03/2020||Fiscal||Exploration or production or processing or storage or transportation||Treasury Ministry||Government||To incentivize the continuing extraction of oil.||01/05/2020||It is estimated that below an international price of USD 30 per barrel the rate would be 0%. It will depend on the international prices, it will be a flexible scheme. In 2019, the collection of export taxes in the oil and gas sector was USD 374 million.|
|Argentina||National||Fossil unconditional||Tax freeze on liquid fuels / Decree 488/2020||Resources||Oil and oil products||New or extended regulation (IT...||2020030101/03/2020||Fiscal||Exploration or production or processing or storage or transportation||Production Ministry / Treasury Ministry||Government||To avoid transferring the higher price for fuel to consumers.||01/03/2020||12 to 15 million USD|
|Argentina||National||Fossil unconditional||Fixed price for the oil barrel (Barril Criollo) / Decree 488/2020||Multiple sectors||Oil and oil products||New or extended regulation (IT...||2020030101/03/2020||Other||Exploration or production or processing or storage or transportation||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||The price per barrel was frozen at 45 USD. This fixed price is to be paid by the refineries to the extraction companies.||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