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febrero 23, 2020
English Rosanety Barrios

Mexico and the Energy Transition: Last Call to Development?

Rosanety Barrios

Recent discussions on incentives for renewable generation provide a timely summary of the challenges our country faces on energy transition. Therefore, these far surpass the achievement of a goal. In order to understand the scope of what it implies that Mexico is or is not part of the global energy transition, it is important to clarify the structural change in the business model that energy companies are experiencing. Firstly, global efforts to comply with the Paris Accords and prevent the global temperature from rising above 1.5 degrees. The latter, forces us to move towards a world led by clean energy.

On the other hand, the explosive development of digital technology, which puts real-time information. For example, prices and consumption, within the reach of a smartphone. Finally, due precisely to this technological development, we must consider the consumers’ personalized needs, who demand differentiated services.

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El cambio afecta a las inversiones de capital realizadas bajo el modelo de negocio tradicional. El riesgo de quedar atrapado en los activos aumenta y obliga a otras industrias, como la automotriz, a prepararse para enfrentar la disrupción del vehículo eléctrico y autónomo. Lo anterior, está mucho más cerca de lo que parece.

Looking to the future, we should ask ourselves: are we prepared to change the business model of the energy sector and its impact on that of other industries in which Mexico is a relevant part? What should we do to link energy policy to an industrial policy that allows Mexico to add itself into the development model of the 21st century? We are late, but hopefully, it will be achieved.

By: Rosanety Barrios

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