Mexico is collaborating with the United States and Canada in R&D to drive the energy transition, particularly the appropriation, capture and use of carbon as well as the reduction in methane emissions and energy efficiency in buildings.
During the plenary session (the third working session of the Seventh Clean Energy Ministerial – CEM7) and the meetings of the Mission Innovation (MI) initiative, the three countries proposed the launch of the CEM Energy Management Campaign: A Drive to 50001 Energy-Saving Partners, whose aim is to achieve one thousand certifications for energy management systems by 2020.
At this forum, Mexico’s Secretary of Energy, Pedro Joaquín Coldwell, made reference to the progress of the Energy Reform as regards electricity, explaining that as a result of the first auction, 11 successful bidders with a total investment of US$2.6bn would construct 2 GW over the next three years distributed between 12 PV plants and 6 wind power plants. As regards solar photovoltaic, this segment has achieved one of the lowest prices in the world.
During the Mission Innovation working sessions, the Secretary of Energy indicated that the R&D investment in clean energy made by the members of this Initiative represents a turning point in public investment to support the development of clean energy, sending a clear message as regards the areas on which each country has decided to focus its efforts, including those at high risk or with technological uncertainty. He added that gradual and long-term investment by the private sector will be fundamental to complement public investment to stimulate these technologies in the market.
In this regard, Secretary Coldwell announced that, in order to foster private sector participation along with researchers and academics in the field of clean energies, Mexico in collaboration with the World Bank and the Global Environment Fund, has launched the PRODETES Award geared towards SMEs to develop and commercialise green technologies.
During his speech at the CEM7, the Secretary of Energy highlighted that Mexico’s targets, as set out at the last CEM6 forum, include the supply of 10 billion efficient, high quality and low cost light bulbs; the strengthening of the Clean Energy Solutions Centre that offers technical assistance for the development of policies in 80 countries; as well as the use of smart grids and renewable energy sources,.
Moreover, he commented that Mexico is taking part in global efforts to accelerate the transformation of electricity models towards systems that include enhanced integration of green, reliable and accessible technologies.
Secretary Coldwell concluded that by means of the CEM, Mexico and its members support and are committed to the transition towards a clean and low carbon energy sector to mitigate the effects of climate change. He added that thanks to the initiatives of his Ministry as regards the transformation of the electrical system for renewables and energy efficiency for large volume users, Mexico’s new energy model offers a favourable environment for public-private associations and investment.