Global renewables bodies urge Mexico to restore clean energy transition

Namely, the two leading global renewable energy bodies issued a joint statement, in response to the reversals to key parts of the Electricity Act approved by the lower parliamentary chamber earlier this week.

In fact, the statement calls lawmakers to reject the bill to modify the LIE in order to avoid adverse consequences, which will span beyond the power sector to impact local industries, households and the overall investment environment.

“The global wind industry encourages the Government of Mexico to reset the course to a transition to a renewables-based economy, which will generate enormous net-positive benefits in GDP growth, job creation and social welfare gains in the near term and long run. This will also serve to reinforce the resilience and independence of Mexico’s electricity system, which has been tested by the recent energy crisis in Texas.”

…as Ben Backwell, CEO of The Global Wind Energy Council, stated.

This critical legal change further relegates renewable energy supply to the back of the queue in Mexico, unwinding the progress made in its energy transition over the last decade and reversing the landmark liberalisation of the energy market in 2015.

 “The global solar industry calls on the Government of Mexico to urgently adopt policies that favour the transition to clean energy sources, which would benefit its citizens, its economy, solar businesses operating in the country and the world’s climate.”

…Gianni Chianetta, CEO of The Global Solar Council, added.

Concluding, the International Renewable Energy Agency (IRENA) Coalition for Action, an international network of 115 leading renewable energy companies, industry associations, civil society, research institutes and intergovernmental organisations, also acted as signatory to this statement.

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