Political, market and geopolitical headwinds have slowed down Biden’s ambitious climate plans, write energy experts Anna Mikulska and Michael Maher. In this brief, they explore why progress on decarbonization is likely to be more gradual than initially envisioned.
In the near term, a ban on shale development in Mexico will have little impact since factors like limited infrastructure and access to water would likely stall progress in any case, the authors conclude. In the long-run, a ban may adversely affect efforts to diversify Mexico’s gas supply.
Adrian Duhalt, Anna B. Mikulska, Michael D. MaherMay 3, 2019
This brief examines trends in energy demand patterns highlighted by 2018 energy outlooks prepared by the U.S. Energy Information Administration, the International Energy Agency, and BP.
Brazil's economy is among those most closed to foreign trade. Debate on trade policy has returned to the political agenda, but domestic and international circumstances do not currently favor reform. This brief discusses the outlook for trade policy reform in Brazil during President Michel Temer's term and the challenges that will be faced by any succeeding government.
Since early 2014, Brazil has been in the midst of a political and economic crisis characterized by the impeachment of former President Dilma Rousseff, steadily worsening economic conditions, and an investigation into widespread corruption within the government and Petrobras, the state-owned oil company. Experts from the Latin America Initiative analyze different aspects of the current situation in the issue briefs listed below.
Since the first quarter of 2014, Brazil has been living in crisis mode as the result of a severe economic crisis in conjunction with an investigation into widespread corruption that has penetrated the highest offices in the government. Although the impeachment of Dilma Rousseff in 2016 did offer some hope for recovery, recent events demonstrate that Brazil's troubles are still ongoing. Contributing expert Sergio Fausto analyzes the main factors leading to this crisis and surveys the current economic and political situation.
This issue brief examines the various foreign policy strategies advanced by Worker’s Party-led administrations in Brazil since 2003. The brief also analyzes the current political and economic crises that have increased strain on the party’s leaders.
Pedro da Motta Veiga, nonresident fellow for the Latin America Initiative, and Sandra Polónia Rios, director of the Centro de Estudos de Integração e Desenvolvimento, discuss the shift away from protectionism in Brazil's trade negotiations.
Pedro da Motta Veiga, Sandra Polónia RiosAugust 27, 2015
Brazilian President Dilma Rousseff is starting her second term in office facing economic and political problems that feed into each other. These problems can be attributed to a large extent to mistakes her administration made during her first term. Rousseff’s macroeconomic policy proved to be inconsistent, and the choices she made in some key economic sectors, especially energy, were demonstrably disastrous. Rousseff now faces
the enormous challenge of reconciling the leftwing populism that led her to victory with the inescapable need
to regain the trust of the most dynamic sectors of Brazilian society, including the private sector.
South America is likely facing a "second wave" of Chinese investment. How will China's rise to global economic power — and its transition to a new economic growth model — impact South America?