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Mexico & Nafta - December 2018

A promising clean energy transition is on hold

In 2012, Mexico set aggressive clean energy production targets that it is most likely not going to reach. As of 2017, Mexico’s clean energy generation share was 19% and the target is set at 35% by 2024. Moreover, the definition of clean sources is broad, as it includes nuclear and gas-powered cogeneration. Hence, these ‘clean’ targets are not even necessarily zero-carbon. Excluding hydroelectric power, renewable energies in Mexico account only for 6.2% of total electricity generation. Nevertheless, these resources’ potential is immense. While solar photovoltaic (PV) accounts only for 0.01% of the energy generation, some estimate that the state of Sinaloa’s irradiation is enough to meet the country’s electricity demand. Similarly, Mexico’s wind potential is reckoned to be seven times higher than the current installed capacity. In this context, President-elect Andrés Manuel López Obrador has promised to lead Mexico towards a clean energy transition – one started by his predecessor Enrique Peña Nieto. How he plans to do it, remains unclear. The mixed signals he has sent so far have frozen energy projects investments and have put the clean energy transition on hold.

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