💨 Abstract

Chile's congress has approved legislation to expedite the permitting process for investment projects, a significant demand from the mining and renewable energy sectors. With 93 votes in favor, the law aims to reduce processing times by 30-70% without compromising regulatory standards. This move is crucial for Chile, a leading producer of copper and lithium. However, a related environmental assessment system reform is still pending and facing delays.

Courtesy: theprint.in