Feb 26 • 19:38 UTC 🇦🇷 Argentina Clarin (ES)

Glacier Law: What is Being Debated in Congress, Who Benefits, and What Investments Are Awaiting

The Argentine Senate is debating changes to the Glacier Law, which aims to protect glaciers but has been stalled since its inception due to lack of regulations.

The Argentine Senate is set to discuss modifications to the 2010 Glacier Law (Law 26.639), designed to establish minimum budgets for the protection of glaciers and periglacial environments. However, the law has never been fully regulated, creating a legal vacuum that has impeded mining advances, particularly in copper extraction. The current government, led by Javier Milei, seeks to rectify these regulatory issues to unlock the economic potential of the country, with investments estimated at over $40 billion and projections indicating that exports could increase fivefold within ten years.

On the opposing side, environmental organizations are vehemently against the proposed changes, arguing that they pose a significant risk to Argentina's fresh water reserves. They warn that prioritizing mining activities over environmental protection could lead to disastrous effects on ecosystems that are crucial for both local communities and biodiversity. The debate in Congress is thus not merely a matter of legislative adjustment; it reflects broader tensions between economic development and environmental sustainability.

The formal push for amendments has been initiated by the provincial governors from regions heavily involved in lithium and copper production – specifically Jujuy, Salta, Catamarca, San Juan, and Mendoza. These governors have requested transparency and clarity in regulations to enable responsible mining practices that would ensure both economic growth and environmental stewardship. The outcome of this debate has the potential to reshape Argentina's environmental policies and its economic trajectory for years to come.

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