U.S., Chile sign agreement to develop energy transition partnership
- August 18, 2023
- Posted by: Quatro Strategies
- Categories: Americas, ESG & Renewable Energy, United States
Chile and the United States have entered into an initial agreement aimed at fostering technical assistance and information sharing to facilitate the energy transition. The agreement was signed by Chile’s Energy Minister Diego Pardow and US Energy Secretary Jennifer Granholm.
The agreement is expected to facilitate collaboration in various areas related to the energy transition, including technological exchange and the development of green hydrogen. This partnership comes as Chile aims to become a global leader in exporting green hydrogen by 2040 and strives to achieve carbon neutrality by 2050.
The agreement covers a range of topics, including research and development, decarbonization, grid modernization, hydrogen production, critical minerals, energy justice, and the Net Zero World initiative. It sets the stage for annual meetings between senior officials from both countries to monitor progress, address challenges, and identify new opportunities in these areas.
Chile’s commitment to green hydrogen aligns with its broader sustainability goals and its position as a global player in the transition to renewable and clean energy sources. This collaboration with the US could bring technological advancements and expertise to accelerate Chile’s efforts in achieving its energy and environmental objectives.
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