Old and new challenges of the energy transition: Insights from South America

Abstract

ABSTRACT Whereas in the Global North the energy transition narrative focuses on the idea of ‘global sustainability’, in the Global South it is increasingly connected to old and new challenges that derive from dependence on natural resource extractivism and rentierism. In vast regions of South America, for instance, fossil fuels extractivism and the idea of (post-)development are inextricable. On the one hand, capitalist modernisation, energy security, and even political stability hinge on domestic use of fossil fuels and the rent generated by their exports. On the other hand, the idea of ending extractivism, which is again topical in Latin America, invites policymakers to dream on post-development and the possibility of converging toward the ‘green’ energy transition. This contribution builds on insights from Ecuador and Colombia, as paradigmatic examples, to address the juncture triggered by the energy transition in the Global South.