Mexico is capitalizing on the trade tensions between the United States and China by strategically positioning itself to bolster its renewable energy sector. The country aims to reduce its reliance on traditional sectors like oil and gas and attract foreign investment by investing in renewable energy projects. Mexico's proactive approach aligns with its commitment to environmental sustainability and climate action. By leveraging its geographical proximity to the US and China, Mexico seeks to emerge as a key player in the global renewable energy market while navigating the complexities of trade tensions. This move also positions Mexico as a frontrunner in sustainable development. [9c4cd646]
Andrés Rebolledo, the executive secretary of the Latin American Energy Organization (OLADE) and Honorary Consul of Kazakhstan in Chile, emphasized the importance of political leadership and effective policies in driving Kazakhstan's transition to a green economy. He highlighted Latin America as one of the greenest regions in the world, producing 65% of its electricity from renewable and clean energy. However, the region heavily relies on hydropower, which may be affected by climate change. Rebolledo suggested diversifying the energy mix by incorporating solar and wind power. He also noted that renewable technology is cheaper and more competitive than traditional technology. Government policies that prioritize energy transition and set carbon neutrality goals are crucial. Kazakhstan has committed to achieving carbon neutrality by 2060 and is attracting green investors by providing stability and predictability. Rebolledo emphasized the importance of an open economy for energy-related investment and highlighted the complementary nature of Chile and Kazakhstan's economies, particularly in the mining sector. Kazakhstan's rare earth metals production and its strategic location in Central Asia make it an attractive investment destination. Rebolledo, as the Honorary Consul of Kazakhstan in Chile, aims to build new partnerships and promote Kazakhstan's economic trends and reforms to the Chilean private sector and government. Chilean companies are particularly interested in exploring Kazakhstan's mining sector. [8ee4621c]