Improving and Refocusing Electricity Subsidies: Options for optimization in Mexico
IISD is proud to partner with CONECC German-Mexican Energy Partnership on this report which identifies and evaluates options for reforming Mexico’s electricity subsidies.
IISD is proud to partner with CONECC German-Mexican Energy Partnership on this report which identifies and evaluates options for reforming Mexico’s electricity subsidies.
In 2016 electricity subsidies amounted to MXN 130 billion (USD 6.8 billion). Households received 78 per cent of this subsidy, followed by the agricultural sector (11.3 per cent), industry (10 per cent) and services (0.7 per cent). The options are drawn from public reform discussions that have been taking place in Mexico and have been proposed by Mexican experts, focusing on the two most subsidized categories of electricity consumer: residential and agriculture. The evaluation is conducted considering a series of possible socioeconomic impacts on different income groups.
Reposted with the permission of Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
You might also be interested in
Doubling Back and Doubling Down: G20 scorecard on fossil fuel funding
This study tracks, for the first time, each G20 country's progress on ending support for fossil fuels—ranking their transparency, commitments, and financial support to oil, gas, and coal.
Clean Energy Support is Saving Major Energy Importers Billions
New analysis finds public support for renewables and electrification is reducing dependence on imported fossil fuels, strengthening resilience to price shocks, and lowering energy costs.
The Strait of Hormuz Crisis Emphasizes Why Canada Should Move Away From Oil and Gas—Not Expand It
The closure of the Strait of Hormuz cut off roughly 25% of the world’s seaborne oil and 20% of LNG trade. In response, many countries are diversifying supply chains and increasingly ramping up domestic renewable capacity to improve energy security. Meanwhile, the Government of Canada has taken steps to expand oil and gas production.
Managing Energy Price Crises
This report outlines a strategic decision framework policy-makers can use when responding to fossil fuel price shocks.