Global Finance Magazine - Mexico: Renewable On Hold

Contributing sentiments towards policy:

68% : Last August, US President Joe Biden met with López Obrador, with renewable energy policies on the agenda.
61% : When former Mexican president Enrique Peña Nieto opened the country's energy sector for foreign direct investment after nearly eight decades of a state-owned monopoly, the renewable energy industry was one of the greatest beneficiaries.
60% : First, Nieto established that Mexico was to produce 35% of its power from renewable energy sources by 2024 and 50% by 2050.
60% : Given that electricity demand is expected to grow by 12.7% by 2024, the country would require an additional 41.03 terawatts of clean energy to meet its self-imposed goal of 35% of energy from clean sources -- a 47.7% increase from current levels.
60% : "Mexico is ideally positioned to become a clean energy powerhouse given its world-class renewable energy resource potential and the low cost of renewable energy generation," underlines the most recent report by the US National Renewable Energy Laboratory (NREL).
57% : "The energy sector in Mexico must find the right balance regarding regulatory policy, with the need to achieve the renewable energy targets put forth by the government," Kijana Mack, executive director at Mexico Energy Partners, says.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.