Mexican President Claudia Sheinbaum has pushed reforms aimed at lightening the tax burden of Pemex, Mexico’s state-owned oil company. (Photo by Octavio Hoyos, Shutterstock)
Mexico has set an ambitious goal of cutting greenhouse-gas emissions by more than a third in the next decade, but the pledge is at odds with the government’s loyalty to the state-run oil and gas sector and the fossil-fuel-guzzling state electric utility, climate and energy experts say. Mexico in November vowed at the COP30 climate conference in Brazil to reduce emissions of global-warming gases to between 364 and 404 megatons (Mt) of carbon-dioxide equivalents by 2035 and to reach zero net emissions by 2050. Contained in a document outlining Mexico’s Nationally Determined Contribution (NDC) to the global climate struggle, the new targets at first glance stand out for their ambition compared with those of many other top-20 greenhouse-gas-emitting nations. Collectively, the world’s countries have pledged far smaller greenhouse-gas reductions than are needed to meet the Paris Agreement goal of keeping... [Log in to read more]
