As the first emerging economy, Mexico presented its INDCs for the COP21 in Paris earlier this year. Lillian Sol Cueva summarizes the good, the bad and the ugly. In preparation to the international climate negotiations in Paris later this year, countries are asked to submit their climate contributions (INDCs) outlining what mitigation and adaptation actions they intend to take post 2020. On March 28, Mexico – as the first emerging economy to do so – presented its INDC. Mexico has set itself an unconditional goal of reducing its greenhouse gases and black carbon by 25 percent by 2030, and a conditional reduction goal (which is subject to the international carbon price, technical cooperation, access to low-interest finance and technology transfer) of 40 percent for the same period. In addition, it has set itself an adaptation goal, which will strengthen Mexico’s climate resilience to cover at least 50 percent of municipalities currently classified as “vulnerable to climate change”. Moreover, the adaptation goals call for a better early warning system and risk management when it comes to … Continue reading What Mexico’s climate goals mean for the energy sector