· It is possible to ensure a new climate regime without slowing economic or social development, he said. 

· Over the past three years, $150 million USD have been invested in the creation of Mexican Energy Innovation Centers.

· The president participated in the inauguration of the World Future Energy Summit 2016, within the framework of his state visit to this Arab nation.

Earlier today, President Enrique Peña Nieto participated in the inauguration of the World Future Energy Summit 2016, together with Crown Prince of Abu Dhabi Sheikh Mohamed Bin Zayed Al Nahyan, where he declared: “We are convinced that it is possible to ensure a new climate regime without slowing economic or social development.”

During the first event in his state visit to the United Arab Emirates, the president said that, “Consistent with the global context, Mexico is doing its part to promote a bold energy transition towards cleaner, renewable sources.”

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.”

The Mexican president said that while the depletion of fossil energy sources is unlikely, the threat of global warming and its devastating effects require a transition towards cleaner, renewable energy.

He said that accelerating this global transition and decoupling economic growth from greenhouse gas emissions, “Requires, first of all, political will and leadership, as shown at Cop21 in Paris,” adding that, “One of the greatest challenges facing humanity is to have enough clean energy to meet future global demand.”

He declared that 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.

The Mexican president added that, “Mexico is assigning a record amount of financial resources to the field of research and the technological development of renewable energies.”

In the past three years, he added, $150 million USD have been invested in the creation of Mexican Centers for Energy Innovation, oriented towards development and applied research in the solar, wind and geothermal energy sectors, as well as in bioenergy and ocean forces.

He added that, “Significant actions have been taken as regards energy efficiency, such as replacing light bulbs and household appliances for families, or granting ecocredits for small and medium enterprises to renew their lighting , refrigeration or air conditioning equipment.”

He added that, “We are promoting energy sustainability in our cities through the sustainable use of energy in street lighting, water pumping and buildings.”

During the event held at the Sustainability Week in Abu Dhabi 2016, he mentioned that 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.

The Mexican president explained that, as a result of Energy Reform, “We have adopted a model based on sustainable energy use , including the creation of new markets linking talent, natural resources and investment.”

“This model,” he continued, “Is based on the creation of an innovation ecosystem through incentives for investment in technological development and highly specialized human resource training.”

He declared that, “The new Mexican energy model and the goals of replacing fossil fuels are laid down in the Energy Transition Act, which has been widely acknowledged by the international community.”

With the same conviction, he declared, “Mexico has insisted on the adoption of concrete commitments and effective cooperation mechanisms to accelerate this transition at the global level,” and recalled that, “we were the first developing country to present our intended, nationally determined contribution to the UN Framework Convention on Climate Change.”

At Mexico’s request, he said, the Green Fund was created, which won the approval of its first projects at the recent meeting of the UN Framework Convention on Climate Change (COP-21).  “Today, the Green Fund is one of the main financing mechanisms for the adoption of adaptation, mitigation and technology transfer measures to address the effects of climate change.”

President Peña Nieto said that in just three years, from 2012 to 2015, Mexico managed to reduce the use of fuel oil in electricity generation by 48 percent. This reduction has lowered electricity rates for homes, businesses and industry, he said, noting that the use of natural gas has reduced CO2 emissions related to fuel oil use by 45 percent.

Within the framework of Cop21, he explained, “Mexico signed the Zero Routine Gas Flaring Initiative by 2030, promoted by the World Bank, which seeks to conserve and utilize the gas associated with crude oil in a sustainable manner.”

Moreover, “We are creating new wholesale electricity market to promote greater competition in power generation, to keep driving prices down for consumers’ benefit.”

In this market, he explained, “Public and private companies will participate by selling their energy on an equal footing with the state’s current productive firms. This is an unprecedented elimination of entry barriers in Mexico.”

He added that, “A scheme of medium- and long-term electricity auctions was also created, which will include clean energy certificates to guarantee that a percentage of the electricity consumed by major users comes from more environmentally-friendly energies.”

The Mexican president added that tax incentives will be used to replace machinery and equipment for power generation from renewable sources and efficient cogeneration systems. He declared that Mexico currently has 16,500 megawatts of renewable generation capacity, equivalent to 24.2 percent of its total installed capacity.

“All these actions demonstrate that today, Mexico is an actor that is assuming its global responsibility as regards future energy and climate challenges,” he explained.

At the ceremony, the Mexican president, together with the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the UAE Sheikh Mohamed Bin Zayed Al Nahyan and Vice President of the UAE and Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, presented the Zayed Future Energy Prizes 2016.

This is the first visit by a Mexican president to the United Arab Emirates since diplomatic relations were established on September 12, 1975.

In a significant, off-protocol gesture, at the end of the Summit inauguration, President Pena Nieto was invited by the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates, to travel in his car, driven by himself, to the Al Mushrif Palace in order to converse informally and at length.

Moreover, instead of a state luncheon at the Palace, the Prince invited the Mexican president, his official delegation and the business delegation to his favorite restaurant, Zuma. There they discussed business and investment opportunities and their aim of building a closer, more dynamic relationship.

The luncheon took place in an informal, constructive atmosphere, and reflects the enormous interest of the United Arab Emirates in strengthening ties with Mexico.