| Leading Actor(s) |
Mexico / Ministry of Energy |
| Participating Actor(s) |
Energy Regulatory Commission (CRE); Federal Electricity Commission (CFE); Electricity Research Institute (IIE); National Bank for Public Works and Services (BANOBRAS); Legislative Branch; Multilateral Funding Agencies; Private Sector Investors; Local Governments; NGOs |
| Main objective(s) |
Increase the use of renewable energies through the Mexico Renewable Energy Initiative |
| Contents |
- Initiate legal and regulatory framework adequacy, market based incentives, and innovative financing schemes in order to foster all renewable energies, and promote private investment.
- Develop and promote market of green energy consumers.
- Design and implement transparent methods and systems to estimate, and internalize the environmental benefits and impacts of energy technologies in the total generating costs.
- Promote large-scale power and heat renewable energy projects, as well as expansion of the use of renewable energy technologies for rural sustainable energy supply in isolated areas.
- Initiate and foster National and International Cooperation Programs among the Federal Government, Local Governments, the Academia, Research Institutes and International Research and Financing Organizations to promote capacity building, research and technological development, and technology transfer.
|
| Expected results |
Increase of the installed capacity of RE for electricity generation in 40% (4000 MW) by 2014. A wind technology research center built and operating. |
| Target area / place |
Mexico |
| Arrangement(s) for financing |
The Federal Government shall finance public works to help advance in the fulfillment of the program goals. The private sector and local governments will be encouraged to play an important role in the investment of self supply and/or independent power production projects. The Mexican Government shall capitalize grants from Multilateral Organizations (GEF) of 80+ million dollars to: 1) supply temporary incentives for electricity generation through large scale renewable energy projects, 2) to foster research, technological development, and capacity building on renewable technologies. Additional funding will be capitalized through the trading of CO2eq emission reductions in the international carbon markets. |
| Monitoring process and time frame |
The Program will be implemented during the next 10 years. The Secretariat of Energy, through a Supervising Committee, will periodically assess the progress of the Program. |
| Link(s) |
http://www.energia.gob.mx
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and Reports