Latin America’s renewable energy challenge
Prices for renewable energy are dropping in Latin America, making decarbonization – once a far-fetched notion – a very real possibility. The question is whether the political will is there. Many of the country's grids are in bad shape and unprepared to handle the change, while legislation, sometimes intended to help renewables, has ended up throwing obstacles in the way. Can countries in the region implement the necessary reforms?
In Chile, stagnation and stasis despite shifting politics
The old party coalitions are breaking down in Chile, while new rules could shake up congressional representation. With the economy stuck in low gear, voters are frustrated. But despite all this, the country looks likely to elect a familiar face in November – former President Sebastian Pinera. If he wins, it will mark unprecedented stasis in Chilean politics since the end of the Pinochet dictatorship.
Chile’s election will hinge on economy
After months of sluggish growth and political stagnation, Chileans want a fresh face to lead them. But so far, only well-known establishment figures have thrown their hats in the ring for Chile’s presidential election this year. For now, conservative former President Sebastian Pinera is the current front-runner. However, if commodity prices rise and boost the economy, the left could maintain its grip on power.
Global Outlook 2017: Latin America’s Trump problem
Geography will have a big impact on Latin America in the coming year: the closer a country is to the United States, the worse off it will be. What President Donald Trump does will shape developments in the region, as will the prices of key commodities. If Mr. Trump decides on collaboration instead of unilateral demands, however, the region could see positive developments.
Bachelet contends with copper and conservatives to keep Chilean reforms on track
Michelle Bachelet is vowing not to give up on the social overhaul of Chile’s free-market model that won her a second term as the country’s president in 2013. Yet the collapse of global copper prices has largely deprived her of the money to pay for the reforms, while a financial scandal has cost her political clout. President Bachelet’s biggest challenge in 2016 wil...
New Peru-Chile maritime boundary ends century-old dispute
A ruling by the world’s highest court to end a century-long dispute between Peru and Chile over maritime boundaries will allow the neighbours to move on from the past and intensify rapidly growing economic ties. The long-awaited decision by the International Court of Justice gives Peru control over an extra 50,000 sq km of ocean, confirms Chile’s hold over fish-ric...
Poll triumph raises high expectations in Chile for Bachelet’s presidency
Michelle Bachelet, one of the most popular presidents in Chilean history, will return to power in March 2014 after a poll which gave her 62 per cent of the vote. But while her popularity is likely to remain high, at least in the short term, she will be expected to fulfill some of the promises on education, reducing inequality and political reform that she made duri...
Two women lead the battle for control of Chile’s economic boom
Chile’s economy is booming on the back of its valuable copper exports as a presidential poll approaches. But few of its prosperous middle classes have any concept of the struggle for democracy in the 1980s and many of its young people are seeking reforms to income inequality, higher education and public services. One of two women election candidates will be given t...
Copper production concerns cloud Chile’s future as election approaches
Chile is the most stable democratic nation in the Southern Hemisphere and a favourite of the developed world. Its government has benefited massively from the soaring price of copper – it is the world’s largest producer. But now that price has fallen, the quality of the available ore is diminishing and production costs in the industry are soaring. The winner of this...