INSUBCONTINENT EXCLUSIVE:
(Analysis) In the 2010s, Venezuela aimed for decarbonization, cutting carbon emissions from 198 million tons in 2013 to 62 million in
2020.This reduction stemmed not from proactive policies but from a drop in oil production due to U.S
apparent carbon cutback.The industrial sector echoed this dependency, with over 90% of businesses using generators to bypass the unstable
and 2010.Meanwhile, renewable alternatives like wind and solar remained negligible
to boost dwindling oil production, with no visible plans for decarbonization or investment in clean energy.This stance was highlighted by a
2023 report showing PDVSA and a few others lagged in renewable energy commitments.Despite potential legal frameworks like the renewable
outdated oil economy, inadequate infrastructure, and unexecuted environmental reforms.
