The Energy Reform and the country’s climate change ambitions have moved forward once again now that the Senate finally passed the Law of the Energy Transition. The legislation formally establishes Clean Energy Certificates as an obligatory mechanism, and its regulatory framework is poised to help achieve the clean energy objectives. The Chamber of Deputies made additional adjustments, such as Transitory Article 22, which allows certain flexibility regarding compliance with the clean energy obligations in the first four years of the wholesale electricity market. Industrial players can now postpone their clean energy requirements up to 50% by 2018. The modifications to the law were approved with 83 votes in favor and five against.
Nobel Prize Laureate Mario Molina commented that the Law of the Energy Transition is a positive element that will reinforce Mexico’s efforts to mitigate polluting emissions while helping the country’ maintain its leading position in the global fight against climate change. He highlighted the need to incentivize clean energies in a way that does not harm the industrial sector’s competitiveness; therefore, the government has to work hand-in-hand with the industrial and academic sectors.