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    Government's energy plan anchored in fossil fuels: Imco


    June 6, 2022 - CE Noticias Financieras

     

      The Mexican Institute for Competitiveness (Imco) pointed out that the National Electricity System Development Program 2022-2036, presented by the Mexican Government, is anchored in a fossil fuel past that is not congruent with the global trend towards the decarbonization of countries' energy matrixes.

      In a report, the business organization pointed out that the Ministry of Energy postpones the compliance of clean electricity generation committed in international treaties and in its domestic legislation from 2024 to 2031.

      "In this sense, the Mexican State's planning in electricity matters does not aspire to a more sustainable environment, nor to a more competitive Mexico, but only to benefit the Federal Electricity Commission (CFE)," they refer.

      The institute said that according to the program only new generation capacity additions are contemplated for the CFE, which does not have concrete renewable generation projects in its project portfolio to expand installed capacity at the pace the country requires and to successfully address the challenge of the energy transition.

      "Driving the energy transition has as an indispensable condition to diversify the electricity generation plant to integrate sources of low or zero greenhouse gas emissions in an accelerated manner. This implies increasing investment in renewable electricity generation".

      He added that this responsibility cannot be assumed by the State productive company, and generates unnecessary pressures on public finances, besides being a strategy contrary to international treaties, Mexican legislation and regulation, by closing private investment in a market open to competition.

      The Ministry of Energy estimates that 30.5 percent of clean energy will be produced by 2024, while the Prodesen 2022-2036 protections delay these goals to 2031 and 2035, respectively. However, in the Special Climate Change Program 2021-2024, the Ministry of Environment and Natural Resources reaffirmed Mexico's commitment to the Paris Agreement.

      Imco assured that in general terms, the main difference between Prodesen 2022-2036 and its previous editions lies in the forecasts for the growth of renewable energies in the energy matrix.

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