To reduce the carbon intensity of its growing economy, Mexico is shifting to long term, low carbon approaches to energy production and use and working to ensure sustainable development of its world-class renewable and natural resources.
Source: World Bank
In line with national development and climate change goals, Mexico’s $500 million CTF investment plan is helping to overcome institutional, regulatory, and cost barriers to large scale deployment of low carbon technologies. By strategically placing CTF concessional financing to offset upfront costs and risks, Mexico aims to demonstrate viability and expand private investment in geothermal and solar power, urban transport, and residential housing, industries, and small businesses.
Mexico’s $60 million FIP investment plan is also promoting emissions reductions from deforestation and forest degradation through sustainable land-use practices. An important focus of the FIP investment plan is to work with ejidos and forest communities to increase their capacities to better manage their forests, and to improve access to technical support and credit to boost productive activities on their lands while conserving biodiversity and curbing soil erosion.
The government pledges to reduce GHG emissions to 50% of 2002 levels by 2050
|NAME||FUND||FUNDING (USD MILLION)||COFINANCING (USD MILLION)||MDB|
|DGM for Indigenous Peoples and Local Communities||FUNDForest Investment Program||COFINANCING (USD MILLION) 6||FUNDING (USD MILLION)||MDBIBRD|
|Ecocasa Program (Mexico Energy Efficiency Program Part II)||FUNDClean Technology Fund||COFINANCING (USD MILLION) 51.51||FUNDING (USD MILLION) 165||MDBIDB|
|Efficient Lighting and Appliances Project||FUNDClean Technology Fund||COFINANCING (USD MILLION) 50||FUNDING (USD MILLION) 663||MDBIBRD|
|Energy Efficiency Program, Part 1||FUNDClean Technology Fund||COFINANCING (USD MILLION) 21.68||FUNDING (USD MILLION) 88||MDBIDB|
|Financing Low Carbon Strategies in Forest Landscapes||FUNDForest Investment Program||COFINANCING (USD MILLION) 15||FUNDING (USD MILLION)||MDBIDB|
|Forests and Climate Change Project||FUNDForest Investment Program||COFINANCING (USD MILLION) 42||FUNDING (USD MILLION) 683||MDBIBRD|
|Geothermal Financing and Risk Transfer Facility||FUNDClean Technology Fund||COFINANCING (USD MILLION) 34.3||FUNDING (USD MILLION) 66||MDBIDB|
|Geothermal Financing and Risk Transfer Facility||FUNDClean Technology Fund||COFINANCING (USD MILLION) 20||FUNDING (USD MILLION)||MDBIDB|
|Private Sector Wind Development||FUNDClean Technology Fund||COFINANCING (USD MILLION) 15.1||FUNDING (USD MILLION) 174||MDBIFC|
|Renewable Energy Program||FUNDClean Technology Fund||COFINANCING (USD MILLION) 51.54||FUNDING (USD MILLION) 768||MDBIDB|
|Renewable Energy Program, Proposal III||FUNDClean Technology Fund||COFINANCING (USD MILLION) 70.54||FUNDING (USD MILLION) 1680||MDBIDB|
|Support for Forest Related Micro, Small, and Medium-sized Enterprises (MSMEs) in Ejidos||FUNDForest Investment Program||COFINANCING (USD MILLION) 2.88||FUNDING (USD MILLION) 4||MDBIDB|
|Support to FIRA for the Implementation of an Energy Efficiency Financing Strategy for the Food Processing Industry||FUNDClean Technology Fund||COFINANCING (USD MILLION) 1.57||FUNDING (USD MILLION) 25||MDBIDB|
|Urban Transport Transformation Project||FUNDClean Technology Fund||COFINANCING (USD MILLION) 200||FUNDING (USD MILLION) 2494||MDBIBRD|
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.