The recovery of the energy sector after the COVID-19 pandemic: a comparison between Latin America and the European Union

Abstract

There are no recovery plans in Latin America to face the economic consequences of COVID-19. The European Union passed a Recovery Plan for Europe which will reactivate the European economy in a modern and sustainable manner. Once Latin America recovers from the COVID-19 pandemic, it will likely return to the same green-climate policies that existed pre COVID-19. This is exemplified by Mexico’s energy policy, which prioritises fossil fuels and hampers economic competition in the energy industry. The Recovery Plan for Europe promotes a green recovery, including the creation of a more environmentally friendly energy sector.