Upcoming Event: The Future of Renewable Energy and Climate Change Policy in Mexico

April 22, 2015

environment - energy - light bulb with paddy riceWHEN: Tuesday, April 28th, 9:00am-10:30am

WHERE: 5th Floor Conference Room, Woodrow Wilson Center

Click here to RSVP.

Mexico’s recent Energy Reform marked a big change in terms of investment and opportunities in oil and gas. However, the comprehensive package of legislation was also aimed to incentivize and accelerate the change towards the production of goods and services based on renewable energies. Mexico has great potential to develop a wide range of renewable energies including solar energy, hydroelectric, geothermal, bioenergy, and wind energy.

What’s more, in March of this year, Mexico became the first developing nation to formally promise to cut its carbon emissions, a potential milestone in efforts to reach a worldwide agreement on tackling climate change. Together with the United States’ commitment to cut emissions by 26-28%, Mexico’s commitment to a 25% reduction by 2030 builds on legislation passed by the nation’s congress to reduce emissions and generate more electricity from renewable sources.

With these developments in mind, the Wilson Center’s Mexico Institute is delighted to host Mexico’s Under Secretary of Energy Planning and Transition, Leonardo Beltrán, who will speak on both Mexico’s energy reform process and the prospects for renewable energy and carbon gas emissions reductions. At the same time, we are proud to launch our new publication “Renewable Energy in Mexico’s Northern Border Region,” which analyzes the current renewable energy situation in the north of the country and potential opportunities to engage in a productive relationship with the private and the public sectors in the United States. Jonathan Pinzón, one of the report’s authors and the Chief Operating Officer of GreenMomentum, will present the report’s findings and discuss the current state of renewables in Mexico. Our event will also feature comments from Hector Castro Vizcarra, the Embassy’s Minister for Energy Affairs.

Speakers

Leonardo Beltrán Rodríguez
Under Secretary of Energy Planning and Transition, Mexico’s Ministry of Energy

Hector Castro Vizcarra
Representative of the Secretariat of Energy (SENER) to the Embassy of Mexico in the United States

Jonathan Pinzón
Chief Operating Officer, GreenMomentum

Moderator

Duncan Wood
Director, Mexico Institute, Wilson Center

Click here for more information.

A live webcast will be available here


Videgaray Says Mexico to Hedge 2016 Oil Exports, Limit New Debt

April 20, 2015

4/18/2015 Bloomberg Business

luis videgarayMexico will hedge its 2016 oil exports to protect against lower prices even with crude near a six-year low, and the nation has little room to increase its debt to avoid spending cuts, Finance Minister Luis Videgaray said.

“There are certainly lower prices that can happen and could represent risk, so yes we will hedge,” Videgaray said in an interview Saturday in Washington. “Certainly it will not be a hedge at the price we were able to get for this year’s hedge, but we’ll take what the market gives us.”

Read more…


Mexican Crude Bargain Seen Souring in Asia as Impurity Found

April 16, 2015

04/15/15 Bloomberg Business

energy - oil barrelsA few months after snapping up the most heavily discounted Mexican oil in 20 years, Asian refiners are discovering some of these bargains may have been tainted. At least two buyers experienced difficulties in processing Mexican crude because of the chloride content, said people with knowledge of the matter who asked not to be identified because the information is confidential. Petroleos Mexicanos is dealing with Asian clients’ claims that a single light-crude shipment had a high amount of the substance, the state producer known as Pemex said in a statement Tuesday. Buyers in North Asia boosted imports from Mexico as prices for its light oil in February slid to the biggest discount over benchmark grades since at least 1995. Fluctuating quality is a challenge facing refiners in nations such as South Korea that are diversifying crude sources away from Middle East producers amid a global glut. The impurity makes the oil difficult to process, according to industry consultant Vautrain & Co.

Read More… 


Mexico Oil Spill Affects Drinking Water for Tabasco City

April 15, 2015

ABC News, 4/14/2014

gas pipeline in green fieldMexico’s Gulf coast state of Tabasco has set up an emergency plan to supply drinking water to the capital of Villahermosa after oil thieves punctured a pipeline, contaminating rivers that normally supply the city.

The spill late last week sent workers with the state-owned oil company scrambling to limit damage, and four of Villahermosa’s water treatment plants were shut down as a precaution.

The Tabasco state government said Tuesday that it will temporarily supply water using 13 tanker trucks.

Read more…


Mexico, US, Canada Groups Ask UN to List Monarch Butterfly Reserve as in Danger

April 15, 2015

Fox News, 4/14/2015

Activists from Mexico, the United States and Canada are asking the U.N. World Heritage Committee to include the Monarch butterfly wintering reserve on a list of sites considered in danger.

UNESCO designated the 139,000-acre (56,259 hectare) reserve in the mountains west of Mexico City a World Heritage site in 2008.

Monarchs from the U.S. and Canada migrate 3,400-miles (5,470-kilometers) each year to winter in the forest reserve.

Read more…


Mexico Sets National Target of 5% Renewable Energy by 2018

April 1, 2015

Bloomberg Business, 3/31/2015

energy -wind_energyMexico has set a national target of getting 5 percent of its power from renewable sources by 2018, lower than the 8.2 percent goal in draft policies released earlier this month.

The goal is part of a national development plan issued Tuesday by Mexico’s energy secretary. It’s a step toward reaching the country’s existing long-term target of getting 35 percent of its energy from clean sources by 2024.

Read more…


Mexico Announces “Landmark” Greenhouse Gas Target — A Cut of 22 Percent by 2030

March 31, 2015

By Steven Mufson, The Washington Post, 3/27/2015

globe north south americaMexico vowed Friday to slash its output of greenhouse gases and make 2026 its peak emissions year, an ambitious goal and the first one submitted by an emerging market country in the runup to the global climate conference in Paris in December.

Mexico said it would reduce its emissions of greenhouse gases by 22 percent and its emissions of black carbon or soot by 51 percent by the year 2030.

Hitting that target will mean sharply raising vehicle fuel efficiency to bring standards in line with those in the United States and adopting appliance standards. Mexico also set goals for increasing the share of renewable and nuclear energy in its electric power sector.

Read more…


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