Like many other economic sectors, Mexico’s energy industry is in a difficult position halfway through 2021. The effects of the pandemic have placed a heavy burden on many commercial and industrial activities for
numerous business segments. In addition, the governmental redirection of the energy sector seems to stand diagonally opposed to the tenets established with the previous administration’s reforms, causing widespread regulatory uncertainty for private players.
In reality, industry insiders stress that the outlook is not actually that gloomy. By nature, energy projects are planned with a long-term perspective, so democratically supported changes in the environment are to be expected. New renewable energy developments might have been paused but projects in later stages continue to forge ahead. Mexico has expressed its commitment to achieve its climate goals despite some delays in the shorter term, which means the country will need a great deal of new solar, wind and hydroelectric capacity, among other.
