Argentina was the first country to submit a revised NDC to the UNFCCC in November 2016. Under the revised NDC, Argentina has an absolute emissions target for 2030 of 483 MtCO2e or 369 MtCO2e conditional on international support. The diversification of the energy matrix and the promotion of efficient energy use are two central policy objectives to reduce emissions and capture associated benefits. Other sectors with significant mitigation potential are the agriculture, land use and transport sectors. In October 2019, a new government was elected in Argentina, led by President Alberto Fernández. In December 2019, the new government adopted the Climate Change Law which provides a comprehensive legal framework for the implementation of mitigation and adaptation action in the country. A number of policies had already been put in place by the previous government led by Mauricio Macri, aiming to reach the mandatory target of 20% of renewable energy in the electricity mix by 2025. Examples include the Biofuels Law, the Renewable Energy Law and the creation of the support scheme RenovAr.
On 10 December 2019, Alberto Fernández was sworn in as the President of Argentina, replacing Mauricio Macri. The new government has mainly focused its policy efforts on addressing the economic crisis that pre-dates the pandemic but has been exacerbated by it, putting further climate policy developments into jeopardy. The recovery measures taken by the government as of June 2020 aim to protect the oil and gas industry from collapsing prices and demand, while ‘green’ recovery measures remain largely absent in current proposals. The CAT rates Argentina as “Critically insufficient”.