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Mexico, an upper middle-income country, is the second largest economy in Latin America. However, Mexico’s already strained natural resources face increased environmental and climate change related pressure as its economy continues to grow. Mexico is the 13th largest Greenhouse Gas (GHG) emitter in the world and the costs of its environmental degradation were estimated at approximately 4.6% of GDP in 2016. The State of Sonora, in particular, has one of the highest per capita energy usage and GHG emissions in the country. The state´s natural and human capital makes it well-poised to significantly contribute to the attainment of the country’s NDC and SDG targets while delivering inclusive economic growth. For this to happen, the state must act swiftly to mainstream green growth planning to its policy and finance decision making. Notedly, the opening of the nation’s energy market represents a unique opportunity for the state to decarbonize its economy and develop local capabilities in the energy sector by scaling-up energy efficiency practices, fostering the investment renewable energy infrastructure and investing in inclusive education, research and employment.
more_horizEnvironmental policy and administrative management
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Global Green Growth Institute | Multilateral | Implementing |
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