Does Venezuela favor fossil fuel energy instead of renewables?
REVE alerts of its concerns that the Venezuelan government favors fossil fuel energy instead of renewables and has abandoned renewable initiatives, with results which are totally opposite to the incipient interest of renewables development.
What are the main issues facing Venezuela?
The energy imbalance in Venezuela and the effects on the population. Lack of energy policy programs to introduce renewable energies. Recommendations to implement renewable energy projects. Need for an energy transition towards sustainability.
How does Venezuela's economic policy affect energy consumption?
Venezuela's restrictive economic policies (Figure 3) have resulted in a decrease in inflation-adjusted GDP per capita, which has led to a decrease in energy consumption (Figure 4). Venezuela has the refining capacity to meet its domestic demand, but the country’s refineries are in poor condition.
Why did energy production decrease in Venezuela?
These factors led to a lack of investment and maintenance in the energy sector and a deteriorating infrastructure.1 As such, Venezuela's total energy production decreased by an annual average rate of 8.2% from to . Petroleum and other liquids accounted for most of the energy production decrease.2
Does Venezuela need an energy transition?
It is unmistakable that Venezuela needs an energy transition to reach the goals of sustainability and poverty reduction. Based on the current national reality, the recommendations to improve the Venezuelan energy sector will be presented from two different perspectives.
How much solar power does Venezuela use?
Regarding this underutilization, Bautista calculated that the Venezuela solar rate of use for only reached 0.000000127% of the national capacity. In reference to wind, this author considers the use of this potential as inexistent for the same year .
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