Climate Report 2017: Mexico

Climate Finance and the Private Sector in the G20 States

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In 2015, Mexico mobilized 2.3 billion US dollars for climate projects. However, only 32 percent of this sum came from Mexico itself. The bulk of the money came from multilateral sources such as the World Bank, bilateral cooperation agreements and other international financing mechanisms. These figures show that Mexico’s efforts to reach its ambitious climate protection targets by 2030 are, to date, by no means sufficient.

In addition to the optimization of existing financing instruments and the implementation of planned tools, above all a massive mobilization of private capital is needed.

Author

Janina Grimm-Huber

published

Berlin, July 6, 2017

Mexico is, together with Chile, Brazil and Argentina, the spearhead of solar energy in Latin America.

Mexico is, together with Chile, Brazil and Argentina, the spearhead of solar energy in Latin America. Source: © renacal1, iStockPhoto