SEATTLE — Mexico is at the forefront of solar energy in Latin America. As a highly impoverished country, it is peculiar that Mexico has taken the lead in implementing solar energy. However, recent reforms in Mexican law have made solar energy not only a viable option, but an economically optimal one. Such reforms have cut the costs of renewable energy in Mexico, which is being seen by solar energy investors as a jumpstart for a new and thriving Mexican solar industry.
These reforms are not only beneficial for already existing investors in solar energy, but also to Mexican industries that require electricity to run, which is almost all of them. As a result of the new energy reforms, Mexican industries can take advantage of the low costs of renewable energy.
To help advance the implementation of solar energy in Mexico, clean energy summits like Solar Power Mexico have become commonplace. The goal of these summits is to bring together solar energy companies and their potential customers in order to grow the industry and develop a Mexican solar energy market.
Solar Energy in Mexico Revolutionizes Electricity Costs
The reduction in energy costs due to the solar energy reforms will have major positive economic implications for the Mexican economy. Prior to the endorsement of clean energy in the form of emphasizing solar, Mexico had very high energy costs–at times 50 percent higher than U.S. energy costs.
The recent changes in Mexican energy sources are priming Mexico to be a world leader in the green energy movement. In fact, reports now show that Mexico has the cheapest electricity in the world, wholly on account of Mexico’s promotion of renewable energy.
Promotion of Solar Energy Helps People Living in Poverty the World Over
Mexico’s enthusiastic promotion of solar energy will not only benefit the Mexican economy as a whole, but it will also help the impoverished, both in Mexico and around the world. The World Bank recognizes the threat of climate change, not only with regards to the long-term integrity of the planet, but in the short term exacerbation of global poverty. Specifically, the World Bank predicts that if climate change goes unchallenged, by 2030, another 100 million people will be pushed into poverty globally.
This is due to the fact that impoverished countries are the most susceptible to natural disasters that destroy agriculture, which is the livelihood of the majority of people living in poverty. Mexico, by actively working towards using solar energy, is helping mitigate the risk of increasing poverty that could come with climate change.
The increase in solar energy in Mexico helps the impoverished people of Mexico by providing electricity to extremely remote, primarily indigenous communities previously lacking energy access due to difficult installation and servicing conditions. Also, the infrastructure needed to benefit the impoverished in Mexico requires energy, which prior to the newly instated solar rollouts was lacking.
It is indeed the case that Mexico being at the forefront of solar energy in Latin America will not only help the impoverished abroad but domestically in Mexico as well. This feat puts Mexico on the frontlines in the fight against poverty.
– Daniel Lehewych