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    Mexico will not generate 35% of its electricity from renewable sources by 2024

    May 31, 2023 - CE Noticias Financieras



      Photo: Cuartoscuro

      The agreement of the Energy Regulatory Commission (CRE) which proposes the allocation of Clean Energy Certificates(CELs) to Combined Cycle Power Plants, contradicts international standards and undermines the commitments made by Mexico in the fight against climate change, so that the country will not be able to meet its commitment to generate 35 percent of electricity from renewable sources by next year.

      This was stated by the Confederación Patronal de la República Mexicana (Coparmex), which understands the importance of natural gas as a factor in national economic growth and development.

      But it warns that if this measure, published on May 26 in the Official Gazette of the Federation (DOF), is implemented, "the image and reputation of the country as a reliable destination to attract environmentally responsible investments could be affected, since companies require a regulatory framework consistent with the global standards that currently promote the development of products based on clean energies".

      The employers' union headed by José Medina Mora Icaza pointed out that the project that seeks to certify combined cycle generation, arguing that this is carried out through steam turbines, was exempted from the Regulatory Impact Statement(MIR) by the National Commission for Regulatory Improvement (Conamer) and "did not go through the citizen consultation process that should have taken place to allow the expressions of society and the business sector".

      Hence, asserted the agency, climate change is one of the greatest challenges of humanity and as a signatory country of the Paris Agreement, committed to the 2030 Agenda, Mexico has assumed the responsibility to act to limit the increase in global temperature and reduce greenhouse gas emissions.

      "With data from experts based on figures from the Ministry of Energy(Sener), a very serious reality is identified: in 2022, the production of electricity, from clean and renewable sources, lost ground.

      "The participation of renewable energy fell 0.4 percentage points in one year, reaching 24.4 percent of the national total with a volume of 82 thousand 983 gigawatts per hour in 2022," observed the Coparmex.

      With the above, he asserted that the authority's decision does not contribute to the fulfillment of the objectives in which the goal is to generate 35 percent of electricity from renewable sources by 2024; an ambitious purpose that seeks to promote environmental protection and reduce our dependence on fossil fuels.

      "It is not with agreements to dissimulate reality or alter the figures, but with effective actions, how Mexico will meet its goals and commitments. In this sense, we consider it fundamental to analyze the importance of advancing in the transition towards a more sustainable energy model, where one of the key pillars to achieve this is the promotion of clean and renewable energies, which contribute significantly to the reduction of emissions," said the Employers' Confederation.

      The post Mexico will not generate 35% of its electricity from renewable sources by 2024 first appeared on Ovaciones.


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