Power sector in 2030
In 2019, fossil fuels made up 69% of Argentina’s power mix, with fossil gas comprising the largest share. By 2030, fossil fuel power generation in the power sector will need to be cut drastically, with a phase-out of the last remaining coal-fired generation needed imminently. Argentina would need to scale up renewables in the power sector much more rapidly to reach at least a 78% share by 2030, more than tripling its 2019 level of roughly 25%. Currently, the majority of Argentina’s renewable energy comes from large-scale hydropower., Argentina would likely need to surpass its existing target of reaching 20% renewable power generation from non-hydro renewable sources, such as wind and solar, by 2025.,
Towards a fully decarbonised power sector
To align with a 1.5°C compatible pathway, Argentina’s power sector would need to reach net zero emissions before 2040. This could be driven by a rapid adoption of renewable power sources through to 2030 and beyond.
Fossil gas would need to be phased out sometime in the late 2030s. However, Argentina’s power sector remains heavily dependent on domestically extracted fossil gas, with no signals from government that this will change in the future.
Pathways with delayed fossil fuel phase-out show the deployment of costly CDR approaches around 2040.