In 2025, countries party to the Paris Agreement are required to submit their updated Nationally Determined Contributions (NDCs), and Argentina has made international commitments to these goals. However, progress on the energy transition in the country stays slow with 2024 data showing that fossil fuels still account for 86% of the energy supply, while renewables make up only 13.9% in Argentina. Funding the Argentinian energy transition faces significant challenges due to financial and economic instability in the federal energy sector.
In this light, the latest report by Argentina’s Climate Transparency partner, Fundación Ambiente y Recursos Naturales (FARN), assesses three key policy instruments for financing Argentina’s renewable energy transition with the Climate Policy Implementation Check: the Fund for the Development of Renewable Energy (FODER), the Fund for the Distributed Generation of Renewable Energy (FODIS), and the Renewable Energy in Rural Markets Project (PERMER).
This is publication is part of a series of national papers that analyse the status of climate finance regulations and exploring existing gaps in implementation in Indonesia, Argentina, Mexico and Brazil with support by the Climate Emergency Collaboration Group.