Green Hydrogen in Chile

By: Jenyfeer Martinez Buitrago and Mariana Cal and Tarun Khanna

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Synopsis: In 2020, the Chilean government wants to promote green hydrogen, a technology with high potential to help mitigate climate change. President Sebasti n Pi era, aware of the country's advantages to produce green hydrogen competitively, asks Energy Minister Juan Carlos Jobet to elaborate a mission-oriented strategy to promote the technology. The strategy was to match the government's center-right orientation and the country's political and economic trajectory. Chile was often praised for its strong macroeconomic fundamentals and a sound policy framework. However, the country was facing social and economic disruptions given the Covid-19 pandemic, which added pressure to an already difficult political backdrop. Chile still struggled with unprecedented political uncertainty after social unrest in 2019 led to a wave of protests that forced the government to agree to a constitutional reform and greater social spending.