privatization
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Mexico's energy policy challenges climate commitments
Mexico’s continued reliance on state-run energy may hinder its climate goals, despite a proud history of oil nationalization.
In short:
- Claudia Sheinbaum, presidential frontrunner, plans to maintain dominant state control over oil and electricity, opposing substantial private sector involvement.
- Current electricity production from clean sources is about 22%, with a target of 43% by 2030, challenging given the state's preference for fossil fuel plants.
- The nationalization of the oil and electricity sectors is a deeply ingrained political and cultural issue in Mexico, influencing ongoing energy debates.
Key quote:
“Mexico’s greenhouse gas emissions continue to rise – despite the brief dip caused by the COVID-19 pandemic – and are projected to continue increasing through 2030.”
— An independent scientific project
Why this matters:
Mexico's energy strategy is at a crossroads between national pride in state control and the urgent global need for cleaner energy solutions. The balance of power in Mexico's energy sector could significantly impact its ability to meet international climate targets and reduce greenhouse gas emissions.
Small-scale clean energy and low carbon technologies—such as solar panels, smart appliances and electric bicycles—are more likely to push society toward meeting climate goals than large-scale technologies, according to a 2020 study from a team of international researchers.
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Photo by Joshua Earle on Unsplash
UN condemns violence against French water defenders
Last week the United Nations Office of the High Commissioner for Human Rights (OHCHR) published a report directed at French authorities that expressed concern about the excessive use of force deployed against protesters of water privatization in western France.
Brett Christophers: The unfortunate, unintended consequence of the Inflation Reduction Act
The IRA will spur the takeover of our infrastructure by private entities, particularly large global asset managers, with likely negative consequences.
How will Brazil's energy privatization law affect climate change?
With Eletrobras' sale, Brazil will raise billions in cash - but the deal raises concerns for workers, indigenous communities and the climate.
www.nytimes.com
Naomi Klein: Why Texas Republicans fear the Green New Deal
Small government is no match for a crisis born of the state’s twin addictions to market fixes and fossil fuels.
www.nytimes.com
The merchants of thirst
In Nepal and many other countries, private tanker operators profit from growing water scarcity.
www.nytimes.com
Trump’s NOAA pick, Barry Myers, asks to withdraw his nomination
Mr. Myers, whose nomination had stalled in the Senate, said medical issues made leading the agency “impractical.” Some Democrats had questioned his ties to a family-run private forecasting company.
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