Joe Biden could help revive renewable energy in Mexico

 Joe Biden could help revive renewable energy in Mexico

.The suspension of the fourth electricity auction in February 2019 cooled down the spirits of the renewable energy companies in the country, which were keeping a good pace to gain leadership in the sector worldwide, and to contribute to the fulfillment of the environmental commitments acquired by Mexico in the Paris Agreement.However, the virtual arrival of Democrat Joe Biden to the presidency of the United States next January could push the Mexican government to regain interest in including green energy in its energy basket.Although some specialists rule out the possibility that either government will make an effort to aggressively influence the energy policy of its counterpart, others do not see it as unreasonable that the U.S. will exert additional pressure in the future in order to give legal security to the private contracts of U.S. companies in Mexico, especially with the regulatory framework that the Trade Agreement between Mexico, United States and Mexico (T-MEC) has on the sector.”Joe Biden has spoken out for clean energy. And he will turn to Mexico and ask that the issue be taken up again. We believe he will push the Mexican government to review the energy policies it has adopted and make an adjustment along the way to continue the clean energy investment program,” says Arturo Garcia Bello, lead partner for Energy and Natural Resources at Deloitte. The environmental issue is not isolated.Trade commitments of the three countries in the region also promote clean energy in Mexico, while “the energy sector has a horizontal effect on competitiveness,” said Kenneth Smith Ramos, who was chief technical negotiator of the Trade Agreement of Mexico, United States and Canada, now better known as T-MEC.”And as long as e
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