• NEW RULE: A proposed new rule by the López Obrador Administration to modify the current market of renewable capacity certificates (CELs) to include energy from pre-existing hydroelectric generators could mean Mexico will be breaking its Climate Goals Promises under the 2015 Paris Agreement.
• PROMISES: Long considered a key player within the United Nation’s framework to reach the 2015 Paris Agreement, Mexico had promised that 35% of energy would come from clean sources by the year 2024, something that would be very difficult to achieve under the new rule.
• WARNING: Earlier in October, Mexico’s Ministry of Energy proposed to modify a 2014 rule that has created a market of around 12 million CELs (each one representing 1 MWh) guaranteeing that it comes from clean sources (solar, wind, efficient cogeneration, nuclear) but not from hydroelectric.
• CONSEQUENCE: “If this agreement is approved, there would be approximately 69 million new CELs in the market…The price of the CELs would fall. This would discourage the installation of new clean energy plants”, says Adriana Lobo from the non-profit World Resources Institute (WRI).
