Mexico is promoting a bold
transition to cleaner, renewable sources, “It
is possible to achieve a new climate regime without slowing economic and social
development,” declared the Mexican president.
At the Abu Dhabi National
Exhibition Centre and in the presence of United
Nations Secretary General Ban Ki-Moon, and the presidents of Iceland, Kosovo,
Nigeria, Palau, Serbia and Morocco, among others, President Peña Nieto declared
that, “Mexico is committed to the environment; we are determined to move
towards cleaner fuels and adopt renewable energies.”
Actions by Mexico:
- Mexico has assigned the largest amount of financial
resources in its history to the area of research and the technological
development of renewable energies.
- Over the past three years, $150 million USD have been invested in the creation of Mexican Energy
- From 2012 to 2015, Mexico managed to reduce the use
of fuel oil in electricity generation by 48 percent.
- Mexico recently reformed its regulatory framework,
setting a target to ensure that by 2024, the electricity system will operate
with at least 35 percent of clean energy and of 50 percent by 2050. This
proportion is currently 21 percent.
- Significant actions have been taken as regards energy efficiency, such
as replacing light bulbs and household appliances for families, and granting ecocredits for small and medium
enterprises to renew their lighting , refrigeration or air conditioning equipment.
- Energy sustainability is being promoted
in our cities through the sustainable use of energy in street lighting, water
pumping and buildings.
- At Cop21, Mexico adopted the joint declaration of
the Mission Innovation initiative, pledging to double its investment in
clean energy and research over a period of five years.
- As a result of Energy
Reform, a model was adopted based on
the sustainable use of energy , including the creation of new markets linking
talent, natural resources and investment. This model hinges on the creation of an innovation
ecosystem through incentives for investment in technological development and
highly specialized human resource training.
- A new
wholesale electricity market is being created to promote greater
competition in power generation, to keep driving prices down for consumers’ benefit. Public and private companies will participate by
selling their energy on an equal footing with the state’s current productive firms.
- A scheme of medium- and long-term electricity
auctions was created, which will include clean energy certificates to guarantee
that a percentage of the electricity consumed by large users comes from more
- Tax incentives will be used to replace machinery
and equipment for power generation from renewable sources and efficient cogeneration
- Mexico has 16,500 megawatts of renewable generation
capacity, equivalent to 24.2 percent of its total installed capacity.