
Why fracking is not an energy transition
The current global health crisis is forcing society to reflect on our ever increasing need for change. It’s putting us face-to-face with the fragility and unfeasibility of an energy system based on fossil fuels.
This is evidenced by the historic collapse of oil prices associated with lower international demand for hydrocarbons—due to measures adopted in response to the pandemic—as well as overproduction and speculation in oil contracts, among other factors. Demand for gas is also expected to fall by 5 percent, following a decade of uninterrupted growth.
Latin America is highly dependent on fossil fuels, both as an export commodity and for its own domestic consumption—88 percent of the energy used on the continent comes from nonrenewable resources.
Since 2010, governments and private businesses have been pushing for fracking, or hydraulic fracturing of unconventional deposits, due in large part to the overexploitation of conventional hydrocarbons.
Some countries describe fracking as a ‘bridge’ to reducing dependence on coal and petroleum as energy sources, claiming it gives them time to develop alternatives to fossil fuels. Following this logic, fracking has been promoted as a step toward energy transition.
But how can a process that demonstrates a clear lack of economic, environmental, and social viability be labeled a transition">