The frontrunner for Mexico’s presidency, Claudia Sheinbaum, has proposed a plan to allocate approximately $13.6 billion towards expanding the country’s use of renewable energy while also introducing new gas-powered plants.
This plan, presented to business leaders, includes increasing wind and solar energy generation, upgrading hydroelectric facilities, and installing around 3,850 kilometres (2392 miles) of transmission lines.
It marks a notable departure from President Andrés Manuel López Obrador’s policies, which focused on supporting the state oil company Petroleos Mexicanos rather than renewable energy initiatives.
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Sheinbaum, ahead of opponent Xochitl Galvez in the polls for the June 2 election, promises to support Pemex and promote clean energy.
“We are going to accelerate the energy transition,” Sheinbaum said Monday. “Going forward, we are working on this energy plan not just with an eye on 2030, but also through 2050 to align with international commitments on climate change.”
At an event in Mexico City on Monday, she unveiled a plan to increase the country’s electricity capacity by about 13.7 gigawatts by 2030.
“We have the possibility and potential to develop Mexico in a way that generates investment with well-being,” Sheinbaum said at the event. “At the same time, that development does not have to negatively impact the environment.”