Embassy of Korea in Chile – Ms. Kleinsy Bonilla, Specialist in Energy and Mining Alcántara 74, las Condes, Santiago – (+56-2) 2228-4214, [email protected]
ENERGY AND MINING
NEWS REPORT
Minister of Energy Andrés Rebolledo referred to the challenges for its Ministry to enforce the various commitments Chile has declared to face climate change. The Energy Policy 2050 imposes an ambitious goal: to incorporate at least 70% of renewable energy source in the energy matrix of Chile by the year 2050.
The regional leadership of Chile in these topics (energy and climate change) has been acknowledged, particularly because studies show that 75% of the national energy sector relies on fossil fuels and Chile is striving to reduce such figure.
In addition, the Government of Chile approved a tax reform in favor of sustainable development. From January 1st, 2017 activities and facilities responsible for 40% of the carbon emission in the electric sector will be affected. At the same time, further incentives are being delivered to firms that base their production on clean energy.
Source: http://www.pulso.cl/noticia/opinion/portada/2016/11/118-95736-9-desafio-energetico- frente-al-cambio-climatico.shtml
“Energy challenges amid climate change”
Chilean Minister of Energy Andrés Rebolledo
Chile and Korea sign agreement to strengthen FTA dated in 2004
The APEC summit celebrated in Lima, Peru in November 2016 provided the frame for both countries -Chile and Korea- to reach an understanding: revise, expand and diversify the content of the Free Trade Agreement signed between the two nations in 2004. Chile was the first country to become a partner of Korea in this matter 13 years ago. Minister of Foreign Affairs of this South American country indicated that “Chile aims to include 320 products and make it possible for them to access the Korean market”.
Source: http://www.emol.com/noticias/Internacional/2016/11/18/831924/Chile-y-Corea-del-Sur- inician-proceso-para-mejorar-historico-Tratado-de-Libre-Comercio.html
The Ministry of Public Works confirmed progress made in the process for Brazilian capital to exit the Chacao Bridge project.
Within the next months the project will be solely led by the Korean transnational Hyundai E & C, this later company should determined either to remain on its own or partner up with another firm. The conditions for a new partner company to join the project include having similar financial and technical characteristics of the Brazilian company to be replaced.
Source: http://www.latercera.com/noticia/mop-confirma-hyundai-alista-salida-oas- del-chacao/
Ministry of Public Works of Chile confirmed exit of Brazilian capital from the Chacao Bridge
2016, N ove mb er 1 6t h – 31s t
Embassy of Korea in Chile, 2016 Sources: Various authors, newspapers: El Mercurio, La Tercera,
Diario Financiero. November 16-31, 2016th
Experts consider the potential crumble of the TPP as a suitable context to bring China closer to the Latin American region. Recently Xi JinPing president of Chine completed a tour in Latin America, visiting Ecuador, Peru and Chile. In this later country, he met with President Michelle Bachellet.
In that occasion at least 12 cooperation instruments were signed between the two countries.
Chile is particularly concerned with the future of the TPP, as global trade integration and openness have been pillars of its economic growth model.
Source: http://www.pulso.cl/noticia/economia/economia/2016/11/7-95617-9- tras-rechazo-de-trump-al-tpp-chile-mira-a-china-para-potenciar-sus- lazos.shtml
Uncertain future of the Trans Pacific Partnership Agreement brings China closer to Latin America
Promotion of non conventional renewable energy and incorporation of top technology to the energy sector of Chile were mentioned as priorities by the Ministry of Energy of Chile Andres Rebolledo. Other pressing topics also referred are:
infrastructure for electricity transmission, energy efficiency and sustainable development based on clean energy.
Source: http://www.economiaynegocios.cl/noticias/noticias.asp?id=309947
Minister of Energy calls for the incorporation of top technology into the Chile energy sector
Chile promotes regional energy Integration
Chile has reversed its carbon energy dependency condition to a more competitive position relying progressively on clean energy sources. However, Minister of Energy Andres Rebolledo calls attention to the lack of energy regional integration. In fact he referred to Latin America as the region with least regional integration in the world.
Currently Chile promotes regional integration with Argentina and Peru, which later it could be extended to other South American countries.
Source: http://www.latercera.com/voces/integracion-energetica/
