Mexico to quadruple investment in clean energy technologies

According to Mexico’s Secretary of Energy, the country will increase investments in the research and development of clean energies four-fold over the next five years, to reach US$310m, in line with the commitment acquired at the United Nations Conference on Climate Change (COP21) that took place in Paris.

With these investments, five Mexican Energy Innovation Centres will be developed: geothermal, solar, wind, bioenergy and ocean energy. The installation of a centre for smart grids and another for carbon capture is expected in the near future.

One of the actions being undertaken by Mexico to promote the environment is the signature of an international cooperation programme with the European Union for the R&D of geothermal energy, under which each signatory will contribute €10m to finance the initiative. This project will last three years, starting in autumn 2016.