News
- Urban energy efficiency is crucial for Mexico to achieve its energy and climate change goals
- A new Municipal Energy Efficiency Strategy will finance the design and implementation of investments in several Mexican cities across the country
- Jointly financed by the World Bank and Mexico, the project was triggered by a series of city energy diagnostics that laid the groundwork for investment
Mexico is rapidly urbanizing. Estimates show that by 2027, the country’s urban dwellers will make up 88% of the population. Annual energy consumption has been on the rise, increasing at an annual rate of 2% over the 2000-11 period, and surpassing economic growth which stood at 1.8%. At the same time, Mexico has defined energy efficiency as a transformational priority in its National Energy Strategy, and is implementing reforms aimed at increasing productivity, competition, and overall efficiency in the sector. The country has also placed climate change mitigation and adaptation on top of its national agenda; thus energy efficiency playing a key role in its Nationally Determined Contributions.
Read the Full Story | TRACE | ESMAP Energy Efficient Cities Program