Mexico Moves to Stabilize Fuel Prices: The Week in Energy

President Sheinbaum directed SENER to engage with fuel distributors after prices exceeded MX$23/L in some regions. She clarified the IEPS hike aligns with inflation and assured no further increases will come, as long as oil prices remain stable.

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Sheinbaum to Prevent Fuel Price Hikes

The Mexican government is taking measures to prevent fuel price increases. In a recent press conference, President Claudia Sheinbaum announced that SENER will meet with fuel station owners and distributors to establish measures to stabilize fuel prices.

CRE, CNH to Be Dissolved; New Framework to Be Defined

The recent dissolution of Mexico's regulatory energy bodies, specifically CRE and CNH, is a significant development that has drawn considerable attention and concern from various sectors. As explained by industry expert Ramón Massieu on Dec. 20, 2024, this reform, comes 11 years after the 2013 energy reform that established these bodies as autonomous regulatory agencies, marks a substantial shift in the country's energy regulation landscape.

Jalisco Launches Energy Sustainability Agency

The Government of Jalisco launched a new Ministry for Sustainable Energy Development (SEDES) to drive energy sustainability and position the state as a hub for both local and foreign investments. The agency began operations on Jan. 1, aiming to ensure the supply of clean and reliable energy, a critical factor for business competitiveness during the energy transition.

Coal Demand Plateau by 2027 Amid Renewable Growth: IEA

The International Energy Agency (IEA) estimated that coal demand will reach 8.77 billion t in 2024. While demand remains high, the agency projects a plateau by 2027 as renewable energy technologies become more widespread.

Japan Sets 60% Greenhouse Gas Emission Reduction Target by 2035

Japan has set a new target to reduce its greenhouse gas emissions by 60% by 2035, based on 2013 levels. The target is part of the country’s strategy to achieve net-zero emissions by 2050. The proposal, announced by a joint panel of Japan’s trade and environment ministries, will undergo a public comment period before receiving final approval from the Japanese Cabinet.