Mexico announced Monday that it plans to dramatically increase the amount of power it generates from renewable sources of energy, deploying more than 30 additional gigawatts of annual electricity generation from wind, solar, geothermal, and hydropower by 2030.
Mexican Foreign Minister Marcelo Ebrard and US climate envoy John Kerry hold a press conference on the sidelines of the COP27 climate conference in the Egyptian Red Sea resort of Sharm el-Sheikh, on November 12, 2022. - Mexico will strengthen its emissions-cutting efforts as part of a $48 billion renewable energy investment scheme with the United States, Mexican Foreign Minister Marcelo Ebrard announced at COP27.
The new clean energy targets were made public at a news conference at the United Nations climate change conference, known as COP27, in Sharm el-Sheikh, Egypt. By the end of the decade, Mexico aims to generate more than 40 gigawatts of power from wind and solar alone.of installed electricity generation capacity, according to the U.S. Energy Information Administration.
“Secretary Kerry indicated his support for Mexico’s new renewable goal, and the United States intends to work closely with Mexico to achieve these ambitious goals, including through U.S. efforts to mobilize financial support and joint efforts to catalyze and incentivize investments into new Mexican renewable energy deployment and transmission,” the U.S. embassy in Mexico reported.global emitter of greenhouse gases.
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