LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

May 20, 2022

How Realistic Are Mexico’s Climate Commitments?

Mexican President Andrés Manuel López Obrador (center) met with U.S. Climate Envoy John Kerry (left) to discuss Mexico’s plans to address global warming. // File Photo: @lopezobrador_ via Twitter.

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Daniela Stevens, member of the Energy Advisor board and director of the Inter-American Dialogue’s Energy, Climate Change & Extractive Industries Program: “During the announcement, López Obrador took the opportunity to reaffirm his commitment to fossil fuels, which was telling in terms of the plan’s overall level of ambition. Three of the 10 points support the aim of self-sufficiency in gasoline, diesel and jet fuel. The only emissions reduction commitment is Pemex’s pledge to cut methane emissions by up to 98 percent. In 2021, Pemex’s methane emissions reached their highest levels in at least a decade, compromising Mexico’s commitments under the Paris Agreement and outpacing the company’s modest increase in oil production. However, Pemex’s commitment simply represents a vow to abide by existing gas flaring regulations, and aging infrastructure and a decades-long lack of maintenance pose challenges that the promised…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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