According to recent studies, Mexico could achieve net zero carbon dioxide emissions by mid-
According to recent studies, Mexico could achieve net zero carbon dioxide emissions by mid-century using wind and solar energy at significantly lower costs than actual generation based on fossil fuels. There is already growing evidence that Mexico has insufficient transmission capacity today and integrating a massive amount of renewables would require additional expansion in the transmission lines to deliver that power. In addition, more sectors of the economy are expected to be electrified in the future, making this even more relevant. The political context is not favorable to private initiative investing in renewable energies and the low price of natural gas imported from Texas favors the official speech toward giving the national utility CFE more market share in the generation segment, regardless of the economic dispatch order. Throughout the paper, we analyze the intricate situation of the Mexican electricity market and identify the challenges that make it difficult to build the necessary transmission capacity, but also identify the existing opportunities for massively incorporating renewable energy sources. Finally, we suggest potential policy solutions that can solve these problems while helping to achieve the targeted reductions in GHG emissions.
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