Renewable energies and their future vs. Pemex and their present
Renewable or sustainable energies are all forms of energy to fossil fuel Energy source is simply present in nature waiting to be used in some way, this of course, depends on the geography of each region.
When talking about clean and renewable energy immediate. It is also common. This intermittency is common to most renewable energy sources and is one of the main headaches for those who have been trying to boost the massive use of these energies.
How do you see the near future for renewable energies globally? First, it must be said that the consolidation of renewable energies does not go merely to reduce the burning of fossil fuels and as the time progresses to replace the “missing” with ecological technologies, it is of the utmost importance that the latter are sustainable, sustainable and above all , costable, find technologies that make the investment attractive (lucrative). The questioning is indicated, since at present, our technological development lacks a robust energy storage system and/or generation in time, as not dependent on the level of solar lighting, geographical place and/or by variations of the variations of the climate, this is that intermittency that we mentioned above.
Speaking of the main power and for varying, China advances by leaps and bounds (as in virtually all areas) in the technologies of the future, and develops solar and wind energy like no other country on the planet. On the other hand, the United States has begun to accelerate its investment and growth in the application of wind turbines and solar technology with the achievement of a considerable amount of households supplied with solar panels, Germany, it has managed to stock up with this type of energy at 100 percent of its total consumption for a few hours a day; or Denmark, which has built the largest solar thermos plant … and Mexico?, Mexico is among the most attractive countries in the world to invest in solar and wind energy, so it already has more than 230 plants in operation and construction for the generation of electricity through renewable energy.
As an important part within the concert of the nations, Mexico has been thrown out some commitments to try to stop and reverse climate change, it is assumed that the country has as its goal that in the middle of the century 50% of the electricity produced in the Country must come from clean energy sources, but, due to changes in the budget of the current administration and its constant disagreements with private initiative, investors are in a state of uncertainty. The current president, in December 2018, made the decision to suspend the fourth long-term auction (SLP-1/2018), and in February 2019, his cancellation announced.
Considering the above and speaking of closer dates, by 2024 Mexico should be generating approximately 35% of its electricity through renewable sources, well, this scenario is a chimera, since the country itself did not have the resources economic for the necessary investments to be promoted, now with the health contingency the economic panorama paints only for worse.
Now let’s look at the financial situation of the main Mexican fuel (fossils) company and on whose shoulders this government has put the heavy burden of being the pivot in which the country’s economic development supports. To start, it must be said that Pemex is no longer what it used to be and its contribution to the gross domestic product (GDP) is getting smaller. Two indicators show it: the net income of the parastatal and the value of the extraction of oil and gas nationwide, both as a proportion of GDP as shown by the following graph:
For 2019, Pemex’s income was equivalent to 6.6% of GDP (comparatively, in 2008 they reached a 10.8%). In that period, the production of parastatal crude.8 to 1.8 million barrels per day, the graph is extremely illustrative by showing that from 2011 to 2016 these income did nothing but be bite: to the bleak scenario previously exposed, it must be added that the panorama for the main investment undertaken by this government for the sector , the construction of the refinery in Dos Bocas, Tabasco does not look better, in fact, the Mexican Institute for Competitiveness (IMCO) has proposed to the Mexico Government to cancel the construction of the refinery, since the total investment, which amounts to 160 thousand Millions of pesos, it only has 2% probability of success. To reach such a conclusion, the IMCO created a financial model, based on the guidelines established by the Ministry of Finance and Public Credit (SHCP) and studied 30 thousand scenarios reaching a forceful result: in 98% of the scenarios, the Investment project in two mouths generates more costs than benefits. "That is, it destroys value for Pemex".
The above, gloomy in itself, together with the commitments that supposedly have to comply with the environment lead us to ask ours that the business that can still represent this sector is abandoned complete In renewable energies.
Bibliography
- FORBES ADVETORIAL . (2018). Mexico, fertile land for renewable energy. 2018, from Forbes Website: https: // www.Forbes.com.mx/mexico-terrane-fertilo-for-the-ERVABLE/
- https: // www.Forbes.com.mx/mexico-terrane-fertilo-for-the-ERVABLE/
- Mirecweek. (2020). Renewable energies in Mexico: Panorama 2020. 2020, from Mirecweek Website: https: // www.Mirecweek.com/es/Congress/zone-de-contemplate/energy-renewables-en-mexico-panorama-2020.HTML
- Political Animal Drafting . (2019). Two mouths must be canceled. 2019, from Animal Politician Website: https: // www.POLYCHITICAL ANIMAL.com/2019/04/two- mouths-debe-channel-inversion-minima-probability-exit -imco/
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