Mexico City, Mexico — Secretary Ebrard and U.S. Special Presidential Envoy, John Kerry, have announced actions to address the climate crisis by achieving zero greenhouse gas emissions by 2050.
At COP27 in Sharm el-Sheikh, both countries affirm their commitment to global efforts to limit global warming to 1.5 degrees Celsius, as well as achieve net-zero greenhouse gas emissions by 2050.
The Foreign Secretary and the United States Special Presidential Envoy John Kerry announced important actions to address the climate crisis at COP27 in Sharm el-Sheikh.
Both countries affirm their commitment to global efforts to limit global warming to 1.5 degrees Celsius, as well as to take ambitious steps within this decade and achieve net zero greenhouse gas emissions by 2050 in their respective economies.
The new efforts build on important announcements Mexico made along with the United States and Canada at the North American Leaders’ Summit (CLAN) and throughout the past year, including a commitment by Mexico and Pemex to eliminate flaring and routine venting in oil and gas operations, backed by a nearly $2 billion investment and implementation plan, and a shared goal of achieving 50 percent of sales from zero-emission vehicles by 2030.
The Government of Mexico announced its intention to deploy more than 30 gigawatts of additional combined wind, solar, geothermal and hydroelectric capacity by 2030, thus reaching a production of more than 40 gigawatts of combined wind and solar power.
Mexico’s recent commitments on renewable energy will be the foundation for achieving Mexico’s updated Nationally Determined Contributions (NDCs), which include an unconditional goal to reduce emissions by 35 percent from business-as-usual levels toward the year 2030.
Presidential Special Envoy Kerry expressed his support for Mexico’s new renewable energy target, and stated the United States’ intent to work closely with Mexico to achieve these ambitious goals through mobilization of financial support and efforts joint ventures to catalyze and incentivize investments that encourage the new deployment and transmission of renewable energy in Mexico.
The Government of Mexico has also submitted a preliminary investment plan to implement this renewable energy goal detailing up to $48 billion in investments.