The Mexican Petroleum Fund (FMP) could become a key mechanism for climate financing, and thus accelerate the Energy Transition, since its design has only favored current spending, so its objective of generating long-term savings has not materialized.
These are the considerations raised this Thursday by the Mexican Institute for Competitiveness (IMCO) in a proposal to redesign the FMP.
IMCO proposed three strategies to redesign the Fund so that it can become a mechanism for the Energy Transition.
-Redesign the FMP to accumulate resources from hydrocarbon extraction.
-Redesigning the FMP to finance the energy transition.
-Increase the rate of the Shared Utility Right (DUC) paid by Pemex.
