Peru’s energy policy in the context of energy transition

We examine the evolution of Peru’s energy strategy in the context of global energy transition trends. In the last decade, Peru’s energy sector has been actively developing due to an increase in domestic demand caused by the country’s economic growth. At the moment, the country is facing the task of...

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Main Authors: I. A. Guliev, Yu. V. Solovova
Format: Article
Language:Russian
Published: Moscow State Institute of International Relations (MGIMO) 2022-05-01
Series:Ибероамериканские тетради
Subjects:
Online Access:https://www.iberpapers.org/jour/article/view/466
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author I. A. Guliev
Yu. V. Solovova
author_facet I. A. Guliev
Yu. V. Solovova
author_sort I. A. Guliev
collection DOAJ
description We examine the evolution of Peru’s energy strategy in the context of global energy transition trends. In the last decade, Peru’s energy sector has been actively developing due to an increase in domestic demand caused by the country’s economic growth. At the moment, the country is facing the task of expanding its energy system to ensure access to energy and at the same time its modernization in the context of the global climate agenda. The risks caused by climate change can have a significant negative impact on the ecosystem of Peru and pose serious threats to the future economic development of the country. Authors analyze the current state and prospects of the energy sector, which is the main engine of national economic growth and a significant factor for poverty eradication. We discuss the foundations of the state energy development strategy, the role of the climate agenda, and the specifics of renewable energy project regulation. Authors conclude that Peru has significant potential both in the field of traditional hydrocarbon energy, including LNGs, and in the field of clean energy. In addition to solar and wind power, Peru also has significant potential for the development of hydrogen and biomass energy. Of particular importance for the country is the gas industry, which has received a serious impetus for development in connection with the implementation of a major Camisea project. During the transition period, gas can partially replace the use of oil in industry, housing and electricity generation, thus contributing to the process of decarbonization. The choice of strategic priorities will determine the country’s energy architecture in the medium and long term.
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spelling doaj.art-aa82d93412a7437f95bdcbe65563e8a92023-03-13T07:27:41ZrusMoscow State Institute of International Relations (MGIMO)Ибероамериканские тетради2409-34162658-52192022-05-019412013310.46272/2409-3416-2021-9-4-120-133452Peru’s energy policy in the context of energy transitionI. A. Guliev0Yu. V. Solovova1Международный институт энергетической политики и дипломатии МГИМО МИД РоссииМеждународный институт энергетической политики и дипломатии МГИМО МИД РоссииWe examine the evolution of Peru’s energy strategy in the context of global energy transition trends. In the last decade, Peru’s energy sector has been actively developing due to an increase in domestic demand caused by the country’s economic growth. At the moment, the country is facing the task of expanding its energy system to ensure access to energy and at the same time its modernization in the context of the global climate agenda. The risks caused by climate change can have a significant negative impact on the ecosystem of Peru and pose serious threats to the future economic development of the country. Authors analyze the current state and prospects of the energy sector, which is the main engine of national economic growth and a significant factor for poverty eradication. We discuss the foundations of the state energy development strategy, the role of the climate agenda, and the specifics of renewable energy project regulation. Authors conclude that Peru has significant potential both in the field of traditional hydrocarbon energy, including LNGs, and in the field of clean energy. In addition to solar and wind power, Peru also has significant potential for the development of hydrogen and biomass energy. Of particular importance for the country is the gas industry, which has received a serious impetus for development in connection with the implementation of a major Camisea project. During the transition period, gas can partially replace the use of oil in industry, housing and electricity generation, thus contributing to the process of decarbonization. The choice of strategic priorities will determine the country’s energy architecture in the medium and long term.https://www.iberpapers.org/jour/article/view/466энергетический переходнефтегазовая отрасльизменение климатаэнергетическая политикавозобновляемые источники энергии
spellingShingle I. A. Guliev
Yu. V. Solovova
Peru’s energy policy in the context of energy transition
Ибероамериканские тетради
энергетический переход
нефтегазовая отрасль
изменение климата
энергетическая политика
возобновляемые источники энергии
title Peru’s energy policy in the context of energy transition
title_full Peru’s energy policy in the context of energy transition
title_fullStr Peru’s energy policy in the context of energy transition
title_full_unstemmed Peru’s energy policy in the context of energy transition
title_short Peru’s energy policy in the context of energy transition
title_sort peru s energy policy in the context of energy transition
topic энергетический переход
нефтегазовая отрасль
изменение климата
энергетическая политика
возобновляемые источники энергии
url https://www.iberpapers.org/jour/article/view/466
work_keys_str_mv AT iaguliev perusenergypolicyinthecontextofenergytransition
AT yuvsolovova perusenergypolicyinthecontextofenergytransition