U.S. climate envoy John Kerry is arriving in Mexico for talks Wednesday amid high tensions over Mexico’s plan to favor its state-owned electricity company and limit private and foreign firms that have invested in renewable energy.
The Mexican president is a big supporter of government firms and fossil fuels like oil. But he denied Mexico didn't want clean energy, and suggested the United States might offer funding for his plans to increase Mexico's hydroelectric power capacity.
U.S. Secretary of Energy Jennifer M. Granholm visited Mexico in January and wrote that “In each meeting, we expressly conveyed the Biden-Harris Administration’s real concerns with the potential negative impact of Mexico’s proposed energy reforms on U.S. private investment in Mexico," adding “The proposed reform could also hinder U.S.-Mexico joint efforts on clean energy and climate.”
A recent report from the World Resources Institute says many of the world's industries including energy, transportation and agriculture will need to make serious, systemic changes in order for the world to meet climate goals by 2030. Chloe Demprovsky from Disaster Recovery Institute International explains.
The measure also would cancel many long-term energy supply contracts and clean-energy preferential buying programs, often affecting foreign companies.
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