This report summarizes the most important facts that occurred in 2018 with respect to climate change, their impact on the oil and gas industry and ARPEL activities in this area.

Since the signing of the Paris Agreement in 2015, the international community has been mainly focused on the definitions and advances about its implementation starting 2020, and on aligning the individual actions of countries with the overall objective of the Agreement, which has to date been ratified by 184 countries, out of a total of 197 members of the United Nations Framework Convention on Climate Change (UNFCCC).During 2018, there were several advances in this regard, which are summarized in the document.

In addition, ARPEL experienced two milestones in the field of climate change: it maintained an informal, direct dialogue with the Executive Secretary of the UNFCCC, Ms. Patricia Espinosa, in the framework of the Latin America and Caribbean Climate Week, held August 20-23, 2018, in Montevideo, Uruguay, and participated as an observer organization in the 24th Conference of the Parties to the UNFCCC (COP 24), held December 2-14, 2018, in Katowice, Poland.

In 2019, the focus will be on the UN Climate Summit on the theme "A race we can win. A race that we must win," to be held September 23 in New York, United States. This summit will be followed immediately by the High-level Political Forum on Sustainable Development, and the year will culminate with the pre-COP25 in Costa Rica (October), and the COP25 in Santiago, Chile, December 2-13.

In this way, two of the most significant events of the year on climate change will take place in the region, representing a unique opportunity to show the world the specific reality and the national contributions of each country on this topic.

This report was developed by ARPEL Climate Change Working Group, composed of experts from the following member companies: Ancap, Chevron, Cupet, Enap, EP Petroecuador, Honeywell, KBR Technology, Oldelval, Pemex, Petroamazonas EP, Petropar, Petroperú, Tecpetrol, YPF.

Link to the document: https://arpel.org/library/publication/508/