Mexico is undergoing a revolution in the energy sector Bashny.Net

The energy sector of Mexico is booming thanks to extensive reforms, started in 2013, according to a new report by the International energy Agency (IEA).According to IEA, the energy reform in Mexico will increase the share of energy generated from renewable sources, and slow the growth of carbon dioxide emissions. The report States that "the country's energy sector is undergoing profound changes" due to the reforms of the government.





In particular, the company Petróleos Mexicanos (PEMEX) has ceased to be a monopolist in the production of oil and gas and Comisión Federal de Electricidad (CFE) has lost dominance over the power sector that is now open to new players, investment and technology.

"This is not reform, this is revolution of unprecedented proportions, said Dr Fatih Birol, Executive Director of the IEA. Transformation affects every sector of the Mexican energy industry, and difficulties arise, but the reforms have already led to significant progress."

Electricity demand will also increase by 2040, and to meet them Mexico will need $10 billion investment.





"Report Mexico Energy Outlook motivates us to continue the initiated reforms and to redouble efforts," — said the Minister of energy of Mexico Pedro Joaquin Caldwell.

Perhaps the progress of reforms and allowed the Mexican President to sign the summer, together with the heads of the US and Canada agreement to 2025 by 50% move to clean energy sources — wind and solar installations, nuclear and hydroelectric power, as well as systems of capture and storage of carbon. published by P. S. And remember, only by changing their consumption — together we change the world! ©

Source: hightech.fm/2016/10/31/mexicos-energy-reform