Any change in trade policies between the United States and Mexico, specifically in the energy sector, can have economic consequences for both countries. The Trump administration's preference for fossil fuels represents a significant challenge for the development of clean energy in both nations.
Although the global trend and decisions by private and state actors in the United States may continue to drive renewable energies, in Mexico, the energy sector is vital for its economy. Despite unfavorable policies, the renewable energy market in the U.S. showed resilience during the Biden administration, driven by economic factors and the demand from states and corporations committed to the energy transition.
Mexico's historical dependence on oil remains significant, making it strategic to diversify its energy mix not only from an environmental standpoint but also economically to mitigate risks associated with market volatility in hydrocarbons.
Amid fluctuations in international oil prices, the Mexican economy is directly affected, impacting variables such as the exchange rate and tax revenues. The current U.S. administration, which has a Republican orientation, has focused on strengthening the production and export of oil and natural gas, seeking to achieve what it calls "energy dominance."
During Donald Trump's presidency, the development of fossil fuels, such as oil, natural gas, and coal, was prioritized, creating uncertainty in the clean energy sector. The Trump administration's strategy could influence international energy markets and affect the competitiveness of Mexican exports, limiting opportunities for clean energy in the country.
In the midst of a volatile energy policy with nationalist approaches, the struggle between fossil and clean energies remains relevant. Renewable energies have faced challenges but continue to be driven by demand from certain sectors. Uncertainty in energy policies can generate both environmental and economic impacts in the North American region.
