A continuation of the status quo energy policy in Mexico will primarily benefit the government-owned electricity company. Even so, we propose a green alternative that will generate economic growth, reduce emissions, and ultimately enhance social welfare. In particular, the projected GHG emissions in 2035 and 2050 will be 56% and 71% lower than in a status quo scenario, respectively. The green scenario will also contribute to an increase of 1% in annualized GDP growth and employment level by 2035 and 1.2% by 2050.
Speakers: Hector Nuñez
Hector M. Nuñez is Research Economist at Banco de México and Associate Professor in the Department of Economics at Center for Research and Teaching Economics (CIDE) in México. He is an economist and received his MS degree in Economics from the Universidad Nacional de Colombia and his PhD degree in Applied and Agricultural Economics from the University of Illinois at Urbana-Champaign. Hector's research focuses on energy and environmental economics.