Introduction to Mexico’s Climate Change Initiatives
Mexico has been approved for 13 projects by the United Nations Framework Convention on Climate Change (UNFCCC) Green Fund, totaling 150 million dollars, according to María del Carmen Bonilla, Mexico’s Undersecretary of Finance and Public Credit. This significant progress highlights the country’s commitment to addressing climate change challenges.
From One Project in 2017 to Thirteen Today
In 2017, Mexico only had one project approved by the UNFCCC Green Fund. Today, with 13 projects, Mexico demonstrates its growing dedication to tackling climate change issues and fostering sustainable development.
State-Level Projects
- One project aims to enhance climate resilience for indigenous rural families in eight states: Jalisco, State of Mexico, Michoacán, Morelos, Oaxaca, Puebla, and Tlaxcala.
- Another project, launched by the Secretariat of Environment and Natural Resources (SEMARNAT), focuses on building capacities for climate change adaptation policies.
Pemex’s Role in Sustainability Initiatives
Cristina Arista, Director of Investor Relations at Pemex, the Mexican state-owned petroleum company, emphasized that participation in sustainability initiatives has strengthened Pemex’s position among investors.
“This allows us to gain the confidence and participation of investors when we need to access markets, which ultimately supports the future operation of the company,” Arista explained.
Key Questions and Answers
- What is the UNFCCC Green Fund? The UNFCCC Green Fund, also known as the Climate Technology Mechanism, is a financial mechanism under the UNFCCC that aims to support developing countries in their climate change mitigation and adaptation efforts.
- Who is María del Carmen Bonilla? María del Carmen Bonilla is the Undersecretary of Finance and Public Credit in Mexico, responsible for overseeing public finance policies and programs.
- What are the state-level projects in Mexico? There are two main projects: one focusing on enhancing climate resilience for indigenous rural families in eight states and another aiming to build capacities for climate change adaptation policies through SEMARNAT.
- How does Pemex’s involvement in sustainability initiatives impact the company? Active participation in sustainability projects strengthens Pemex’s position among investors, ensuring their confidence and participation when accessing markets, which supports the company’s future operations.
