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Do you know Chile’s new energy development targets?

InvestChile - November,1,2021

Chile’s Government has updated its National Energy Policy, which for the first time considers climate change, green hydrogen and electromobility.

Nota Energía 1

After two years of work, Chile’s Government has presented the preliminary draft of the updated National Energy Policy (Política Energética Nacional, PEN). The PEN is the long-term roadmap for the sector’s development, which for the first time considers climate change, green hydrogen and electromobility.

The document sets out three main goals: to make Chile a climate change leader; to use energy to improve Chileans’ quality of life; and to create a new productive identity for Chile through energy.

The initiative identifies over 60 targets for 2030, 2040 and 2050 in order to reach these goals. The emphasis of the PEN is to decisively tackle climate change in Chile and the world, incorporating green hydrogen for the first time as a unique opportunity to reduce the emissions of the country’s main productive sectors.

The updated PEN also incorporates electromobility, which is one of the pillars to reach carbon neutrality by 2050. That it was not considered in the previous document shows the fast pace of progress in the energy sector.  

The new targets include:

  • 100% zero-emission energies in electricity generation by 2050
  •  Renewable energy will provide 80% of electricity generation by 2030
  • 100% access to electricity for all homes by 2030
  • 100,000 new jobs directly and indirectly related to energy by 2030, resulting from sustainable energy projects in new energy-related industries
  • 100% of sales of new light and medium vehicles and new incorporations into urban public transport will be zero-emission by 2035
  • 70% zero-emission fuel (such as green hydrogen) in non-electricity end uses of energy by 2050 (15% by 2035) 
  • Chile will export green hydrogen and derivatives by 2030

Please read the following article to learn more about the energy sector in Chile.

EBOOK Energy

Topics: Foreign Investment in Chile- Chile- Energy- Electromobility- Energy Investment- Green Hydrogen- National Energy Policy- Investment

InvestChile

InvestChile

We are the government agency responsible for promoting Chile in the global market as a destination for foreign direct investment, serving as a bridge between the interests of overseas investors and the business opportunities the country offers and providing world-class services that are in line with the country’s economic development policies.

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