BONOS Y CAMBIO CLIMÁTICO 2016 EL ESTADO DEL MERCADO

The report identifies a significant gap between Mexico's climate goals and its current green bond issuance, which stood at US $1.3bn in 2016. It highlights substantial investment needs, particularly in energy (US $5bn annually) and transport (US $12bn for multimodal projects), and argues that mobilizing private institutional capital through green bonds is essential to meet these targets.

• Mexico has established voluntary and mandatory greenhouse gas emission reduction targets, aiming for a 50% reduction by 2050 compared to 2000 levels.
• As of 2016, the market for climate-related bonds issued by Mexican entities was small, totaling US $1.3bn, which represents less than 0.5% of the global climate bond universe. This includes a US $500m green bond issued by Nacional Financiera in November 2015.
• To meet clean energy goals and emission reductions, Mexico requires an annual investment of US $5bn, totaling US $75bn by 2030.
• The transport sector presents significant green bond opportunities, including a multimodal transport program of approximately US $12bn and specific rail projects such as the Mexico-Toluca interurban train (US $2.51bn) and Mexico City metro extensions (US $4bn).
• The report identifies several barriers to the development of a green bond market in Mexico, including a lack of credit history for some green technologies leading to higher interest rates, and limited awareness among issuers and investors regarding emission processes and price discovery.
• Public financing is insufficient for the low-carbon transition, necessitating the mobilization of private capital from institutional investors, such as pension funds which manage MXN $2.7 trillion (13% of GDP).
• Mexico City is exploring green bonds to fund its 2014-2020 Climate Action Program, which focuses on renewable energy, energy efficiency, integrated urban mobility, water consumption, and waste-to-energy.

APA

Climate Bonds Initiative (2016). BONOS Y CAMBIO CLIMÁTICO 2016 EL ESTADO DEL MERCADO. https://www.climatebonds.net/files/documents/publications/87cb3d61-3cf1-4f74-9f5e-5401aff82fde.pdf

Chicago

Climate Bonds Initiative. BONOS Y CAMBIO CLIMÁTICO 2016 EL ESTADO DEL MERCADO. 2016. https://www.climatebonds.net/files/documents/publications/87cb3d61-3cf1-4f74-9f5e-5401aff82fde.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=BONOS Y CAMBIO CLIMÁTICO 2016 EL ESTADO DEL MERCADO |date=July 2016 |url=https://www.climatebonds.net/files/documents/publications/87cb3d61-3cf1-4f74-9f5e-5401aff82fde.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2016bonos, author = {{Climate Bonds Initiative}}, title = {{BONOS Y CAMBIO CLIMÁTICO 2016 EL ESTADO DEL MERCADO}}, institution = {Climate Bonds Initiative}, year = {2016}, month = jul, url = {https://www.climatebonds.net/files/documents/publications/87cb3d61-3cf1-4f74-9f5e-5401aff82fde.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }