Chile considers increasing 2050 renewables target to 100%

Chile considers increasing 2050 renewables target to 100%

Chile is mulling over a decision to increase its 2050 renewable energy target to 100%, thanks to falling costs in the renewables sector and anticipated technological improvements in energy storage.

The South American nation is currently reliant on fossils fuels for a large proportion of its energy supply, but recently set a target to increase the share of renewable energy in its power mix to 70% by 2050.

However, the country could yet go even further if officials agree on increasing the figure to 100%, meaning it would work towards becoming a carbon neutral state within 25 years.

Andres Romero, executive secretary of the National Energy Commission (CNE), told Chile’s Diario Financiero that Chile will deliberate increasing the renewables target over the next two years.

Romero added that Chile is on track to reach its 2025 target of 20% renewable energy five years ahead of schedule.

Chile’s current renewable share is estimated at around 15%, according to Climatescope2016, but has significant further growth potential.

In particular, the Atacama Desert in the North of the country is considered one of the world’s best solar resources.