Alicia Bárcena, the country’s new environment secretary, spelled out an aggressive climate agenda for Mexico.
took office as Mexico’s first female president. It’s already clear that the new government is preparing to take a new, more ambitious tack on climate change.
The emerging picture of Mexico seeking to lead on climate issues comes after months of eagerness and anticipation following Sheinbaum’s election. Andrés Manuel López Obrador, her predecessor and close ally, didn’t prioritize the issue and spent more time touting Pemex, the country’s state-owned oil company. Climate advocates hope Sheinbaum, a PhD energy engineer who has contributed to U.N. climate reports, will deepen Mexico’s climate commitments.
While I was in Mexico City, Sheinbaum convened a U.S.-Mexico CEO dialogue with executives from major American companies in attendance, signaling that Mexico is open for business. She highlighted renewable energy as of particular interest. “President Sheinbaum has been very clear: we want foreign direct investment to come to Mexico,” says Bárcena. “But not any investment. We want investments that generate jobs, that protect the environment.
And then there’s the country’s oil and gas sector. Pemex, the state-owned oil and gas firm, is a nationally celebrated institution—though it recently has become deeply indebted as national production has declined. After taking office, Sheinbaum said she would cap the company’s oil production at 1.8 million barrels a day, down from a peak of more than 3 million.
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