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    Mexico's commitments in the fight against climate change

    June 21, 2022 - CE Noticias Financieras


      Last Friday, the 2022 edition of the Major Economies Forum took place. For the second time, President López Obrador and Foreign Minister Marcelo Ebrard participated along with leaders and representatives of the countries that make up 80% of the global GDP. At the forum, the President presented a decalogue with actions and commitments to which Mexico adheres to join efforts in the collective fight against climate change.

      In terms of clean energy generation, the modernization projects of sixteen hydroelectric plants stand out. This translates into an increase of more than two thousand gigawatt hours (GWh) of clean energy per year.

      The President also announced a new solar park in Puerto Peñasco, Sonora, which will have a generation capacity of 1,000 megawatts. In addition, thanks to the dialogue between the federal government and 17 U.S. companies in the energy sector, we agreed on new investments to generate approximately 1,854 megawatts of solar and wind energy. This is not only beneficial for the environment, but also for the national economy.

      In addition to the Puerto Peñasco solar park, the President also announced the creation of solar parks on Mexico's border with the United States, as well as transmission networks that will allow us to export electricity to California and other states, in addition to strengthening our own transmission network and electricity generation. In this way, the President upheld the commitment to produce at least 35% of all the energy we consume in the country from clean and renewable sources by 2024. Mexico joined the commitment of the world's leading economies to have one out of every two vehicles emitting zero polluting emissions by 2030.

      Following up on the Global Methane Commitment, the President announced an investment of two billion dollars in resources from Pemex and international credits, at special rates, to reduce methane gas emissions in the exploration and production processes in Mexico's oil industry. In addition, the President highlighted that Mexico is implementing one of the most important massive reforestation programs in the world, through Sembrando Vida (Sowing Life). In this way, more than one million hectares of fruit and timber trees are planted in Mexico and northern Central America.

      This program represents an annual investment of more than 1.5 billion dollars, with the potential to absorb almost four million tons of carbon dioxide.

      These actions and commitments are the result of the hard work of different ministries and federal government institutions, as well as a constant dialogue with key allies. I would highlight the effective dialogue with the Special Climate Envoy, John Kerry, and Ambassador Ken Salazar, as well as a productive exchange with the private sector.

      It is worth echoing President Biden's message to President López Obrador during his closing remarks at this forum. From the Ministry of Foreign Affairs, we thank the government of the United States of America for the joint work against climate change. Contrary to what some people say, the decalogue of the Mexican government represents a series of new concrete measures that undoubtedly go in the right direction. In the fight against climate change we find another area of coincidence in which Mexico and the United States will continue to work closely to achieve our environmental commitments in a timely manner.

      *Lawyer and Master in Public Policy.

      Head of the North American Unit of the Ministry of Foreign Affairs.


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