Berliner Boersenzeitung - US envoy Kerry presses Mexico on climate, energy

EUR -
AED 3.905111
AFN 76.827584
ALL 101.067891
AMD 417.760607
ANG 1.917942
AOA 889.966705
ARS 926.401162
AUD 1.65184
AWG 1.913906
AZN 1.804476
BAM 1.954212
BBD 2.148754
BDT 116.795114
BGN 1.952642
BHD 0.400736
BIF 3049.950873
BMD 1.063281
BND 1.450136
BOB 7.380004
BRL 5.538528
BSD 1.064235
BTN 88.712829
BWP 14.740025
BYN 3.482204
BYR 20840.311116
BZD 2.145077
CAD 1.459284
CDF 2982.503719
CHF 0.969286
CLF 0.036802
CLP 1015.475686
CNY 7.70188
CNH 7.709831
COP 4162.07595
CRC 532.667256
CUC 1.063281
CUP 28.176951
CVE 110.175492
CZK 25.276267
DJF 189.506043
DKK 7.461575
DOP 62.778998
DZD 143.037926
EGP 51.219423
ERN 15.949218
ETB 60.583581
FJD 2.417742
FKP 0.853562
GBP 0.863464
GEL 2.833678
GGP 0.853562
GHS 14.313372
GIP 0.853562
GMD 72.197751
GNF 9147.568421
GTQ 8.279274
GYD 222.649118
HKD 8.332196
HNL 26.271657
HRK 7.528201
HTG 141.115356
HUF 393.916974
IDR 17299.053148
ILS 4.006215
IMP 0.853562
INR 88.654312
IQD 1395.166552
IRR 44724.26899
ISK 150.294873
JEP 0.853562
JMD 165.705379
JOD 0.753656
JPY 164.534269
KES 142.543239
KGS 94.532045
KHR 4324.486742
KMF 491.847268
KPW 956.953434
KRW 1467.50873
KWD 0.327714
KYD 0.886879
KZT 474.309127
LAK 22685.570009
LBP 95298.878207
LKR 319.730248
LRD 205.419269
LSL 20.362234
LTL 3.139593
LVL 0.643168
LYD 5.188785
MAD 10.791733
MDL 18.995568
MGA 4710.173406
MKD 61.545228
MMK 2234.784438
MNT 3668.320437
MOP 8.589103
MRU 42.213672
MUR 49.477961
MVR 16.42792
MWK 1844.701346
MXN 18.194059
MYR 5.080353
MZN 67.515702
NAD 20.361582
NGN 1143.824447
NIO 39.168179
NOK 11.71881
NPR 141.940686
NZD 1.800114
OMR 0.409314
PAB 1.064245
PEN 3.921414
PGK 4.044714
PHP 61.186486
PKR 296.166291
PLN 4.319192
PYG 7885.593662
QAR 3.870877
RON 4.975497
RSD 117.160788
RUB 99.839441
RWF 1372.484979
SAR 3.988448
SBD 8.974275
SCR 15.689354
SDG 623.082624
SEK 11.601881
SGD 1.449114
SHP 1.343403
SLE 24.293107
SLL 22296.478588
SOS 607.663265
SRD 36.711914
STD 22007.773657
SVC 9.311435
SYP 2671.526255
SZL 20.311499
THB 39.396725
TJS 11.652933
TMT 3.732117
TND 3.350411
TOP 2.545442
TRY 34.597571
TTD 7.214139
TWD 34.711345
TZS 2758.151681
UAH 42.312825
UGX 4059.701856
USD 1.063281
UYU 40.996694
UZS 13505.028376
VEF 3851791.931221
VES 38.593569
VND 27071.138827
VUV 126.234908
WST 2.981024
XAF 655.424526
XAG 0.0387
XAU 0.000454
XCD 2.873571
XDR 0.80905
XOF 655.424526
XPF 119.331742
YER 266.192189
ZAR 20.350086
ZMK 9570.812627
ZMW 27.482673
ZWL 342.376106
  • RYCEF

    -0.0750

    4.885

    -1.54%

  • SCS

    0.1100

    11.94

    +0.92%

  • RBGPF

    0.1400

    51.75

    +0.27%

  • AZN

    0.9700

    69.52

    +1.4%

  • VOD

    0.2100

    8.55

    +2.46%

  • RELX

    0.4500

    41.52

    +1.08%

  • CMSC

    0.0100

    23.9

    +0.04%

  • RIO

    -0.1400

    66.83

    -0.21%

  • GSK

    0.2400

    39.99

    +0.6%

  • CMSD

    0.0900

    24.3

    +0.37%

  • BCC

    -1.0500

    133.6

    -0.79%

  • SLAC

    0.0050

    10.305

    +0.05%

  • JRI

    0.0000

    10.95

    0%

  • BTI

    0.0830

    29.133

    +0.28%

  • BCE

    0.1440

    32.734

    +0.44%

  • BP

    -0.1100

    38.41

    -0.29%

  • NGG

    0.0500

    65.43

    +0.08%

US envoy Kerry presses Mexico on climate, energy
US envoy Kerry presses Mexico on climate, energy

US envoy Kerry presses Mexico on climate, energy

US climate envoy John Kerry called Wednesday for an "open and competitive" energy market in Mexico, where planned energy reforms have alarmed foreign investors and environmentalists alike.

Text size:

Washington has stepped up pressure on Mexico over President Andres Manuel Lopez Obrador's push to boost the state's role in the energy industry -- moves critics say favor fossil fuels over renewable energy.

Meeting with Lopez Obrador and other top officials in the Mexican capital, Kerry said the country could "play a vital, extraordinary role" in efforts to tackle the climate crisis.

"Mexico is blessed with assets that many other countries don't have – great wind, great sun, geothermal, hydro, and fossil fuel," he told reporters.

"What we want to do is work with Mexico in a way that will strengthen... the ability of the marketplace to be able to be open and competitive," Kerry said.

The reforms championed by Lopez Obrador seek to strengthen the state-owned electricity provider and roll back the effects of liberalization that the leftist president says favored private companies.

That has prompted warnings that Mexico is in danger of violating its commitments under a North American trade deal with the United States and Canada.

The reforms would ensure that the state-owned Federal Electricity Commission (CFE) has at least 54 percent of the electricity market -- compared with 38 percent now -- and the private sector no more than 46 percent.

In November, Lopez Obrador's ruling party pushed back its deadline for the approval of the reform bill until April, following a backlash from the United States, Canada and foreign investors.

The Mexican government says the reforms are needed to prevent soaring power prices and tackle corruption.

Kerry said that Washington respected Mexico's sovereignty and was ready to help it transition to cleaner energy sources.

"I know the president has embarked on some reforms that are important to him and to the country," he said.

"The United States is prepared to be as helpful as we can be. Not because it advantages us but because we are all in this together," he added.

(T.Burkhard--BBZ)