Latin America Advisor
Energy Advisor
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Can The Sonora Plan Address Mexico’s Climate Goals?
Mexican President Andrés Manuel López Obrador unveiled plans for Sonora’s sustainable energy plan, dubbed the“Sonora Plan.” Sonora, a northwestern state of Mexico is pictured. // File Photo: Mexican Government.
Mexican President Andrés Manuel López Obrador recently unveiled plans to transform the northwestern state of Sonora into a green energy hub. The president’s “Sonora Plan,” which has an estimated price tag of some $1.65 billion includes new solar farms and the development of an electric car industry. Soon after that announcement, López Obrador and U.S. climate envoy John Kerry met on Oct. 28 in Sonora to discuss lithium, batteries and the automotive industry. How will Mexico finance the Sonora Plan? To what extent would the plan advance Mexico’s climate goals? What did López Obrador and Kerry accomplish during their meeting, and what kind of cooperation can be expected between the United States and Mexico over the green energy hub initiative?
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Eduardo Canales, council at Akin Gump Strauss Hauer & Feld: “As the global automotive industry continues its transition from combustion to electric engines, Mexico must modernize and retool its manufacturing plants, invest in the development and improvement of its power grid and maximize the utilization of its natural resources to remain competitive, continue attracting foreign direct investment and stimulate economic growth. The Mexican government will try to address some of these issues with the Sonora Plan, which envisions, among other things, the construction of a green energy hub that includes solar and wind farms as well as lithium battery plants. However, the success of the Sonora Plan and its impact on Mexico’s climate goals will hinge on three key points: 1.) the reaffirmation of a stable legal framework in Mexico that provides long term certainty to…”
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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Erik Brand, publisher of the Advisor, at ebrand@thedialogue.org.
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