When: February 11
Time: 9-10am (San Diego time)
Institute of the Americas and expert commenters for the launch of the Energy & Sustainability program’s report: China takes Its Claim in Latin American Energy: What It Means for the Region, the U.S. and Beijing.
Cecilia Aguillon, Energy Transition Initiative Director and Jeremy M. Martin, Vice President, Energy & Sustainability at the Institute of the Americas will present an overview of the report followed by a discussion panel with Matt Ferchen, Head of Global China Research at Mercator Institute for China Studies (MERICS) and Michael Davidson, Assistant Professor at the School of Global Policy and Strategy (GPS) at UCSD.
The People’s Republic of China (China) has become a major investor, lender and actor across the energy sector in Latin America and the Caribbean (LAC). Indeed, loans and investments from China have financed an impressive array of projects in infrastructure, energy and mining.
China has clearly, as our report title notes, staked a claim in LAC’s energy sector. In 2020, Chinese M&A deals in LAC energy reached $7.7 billion, according to Bloomberg, or 25% of Chinese acquisitions worldwide.
With the contours of the global energy transition and increased attention on reducing emissions and climate action spurring huge growth in renewable energy, China has flexed its muscles in that segment of the global energy sector and in LAC.
China’s growing presence in Latin America presents challenges to U.S.-LAC relations, which the new Biden administration must address. A new administration together with Democratic majorities in both houses of Congress provides an opportune moment to reset. Indeed, the new administration has an opportunity to counter China and strengthen US-Latin America relations by encouraging private investment, particularly in mining, clean energy and infrastructure projects.
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