Mexico, covering a total surface area of 1,964,375 square kilometers (sq km), is bordered by United States of America, Guatemala, Belize, the Pacific Ocean, and the Gulf of Mexico. Mexico's geographic characteristics make it highly vulnerable to climate change. Located in one of the world’s most seismologically active regions, the country experiences damaging earthquakes. Mexico is vulnerable to tropical cyclones and hurricanes due to its location between the two oceans. It also experiences storms commonly associated with hurricanes and flooding during heavy rain seasons.
INVESTING IN MEXICO
CIF’s investments in Mexico are through its Clean Technology Fund (CTF) and Forest Investment Program (FIP). In line with its national development and climate change goals, Mexico’s $378-million CTF investment plan is helping to overcome institutional, regulatory, and cost barriers to large-scale deployments of low-carbon technologies. By offseting upfront costs and risks, CTF funding can be used to demonstrate viability and expand private investments in geothermal and solar power, urban transport, along with residential housing, industries, and small businesses.
Mexico’s $61-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 (a piece of communal land) and forest communities to increase their capacities to better manage their forests, and improve access to technical support and credit to boost productive activities on their lands, while conserving biodiversity and curbing soil erosion.
Through the CIF-TAF, over $ 250,000 was programmed for technical assistance activities in 2020 and 2021. The programs covered an array of topics such as enhancing the financial regulatory framework for promoting energy efficiency and distrivuted generation investments, as well as supportig city climate investments to promote green and resilient recovery from Covid-19.
Mexico Projects
News Spotlight
