G20 Scorecard of Fossil Fuel Funding

This fact sheet from the International Institute for Sustainable Development evaluates Mexico's fossil fuel funding, ranking it last among G20 OECD member countries with an overall score of 48/100. The document details the scale of government support for fossil fuel production and use, the role of state-owned enterprises, and recent trends in subsidy reductions and increases.

• Mexico is ranked last among G20 OECD member countries, tied with Turkey and the UK, with an overall score of 48/100. The country provided a total of USD 29.9 billion in average annual government support to fossil fuels between 2017 and 2019, comprising USD 13.3 billion in state-owned enterprise (SOE) investments, USD 9.9 billion in induced transfers, USD 3.7 billion in direct transfers, USD 2.8 billion in tax expenditure, and USD 135 million in public finance.
• The primary driver of fossil fuel support in Mexico is investment by state-owned enterprises, specifically PEMEX, which averaged USD 13.3 billion annually from 2017 to 2019 for oil and gas production. Other significant support areas include USD 12 billion for fossil fuel-based power and USD 11.9 billion for oil and gas exploration, production, refining, and transportation.
• Mexico reduced its total government support for fossil fuels by 21% compared to the 2014–2016 average, largely due to a 37% decrease in SOE investment and a 30% drop in support for fossil fuel use. The latter was partly driven by energy sector reforms since 2013 that removed certain gasoline and diesel consumption subsidies via a floating excise tax (IEPS). However, support for fossil fuel-based power rose by 17% relative to the 2014–2016 average due to higher electricity price support.
• Significant fossil fuel support remains unquantified in the main report, including over USD 9 billion in 2019 for PEMEX's shared profit rights cost expenditure and investment deductibility, debt absorption, and the construction of the Dos Bocas oil refinery in Tabasco. Additionally, the government provided a USD 3 billion tax break on oil extraction to counter falling oil prices and maintain PEMEX's exploration and production investments.
• Mexico's transparency regarding fossil fuel subsidies is described as mediocre. While the Ministry of Finance annually reports and quantifies consumer subsidies and the country participated in a 2017 G20 peer review with Germany, transparency concerning production subsidies is considered poor.

APA

Roth, J. (2020). G20 Scorecard of Fossil Fuel Funding. International Institute for Sustainable Development. https://www.iisd.org/system/files/2020-11/g20-scorecard-mexico.pdf

Chicago

Roth, Joachim. G20 Scorecard of Fossil Fuel Funding. International Institute for Sustainable Development, 2020. https://www.iisd.org/system/files/2020-11/g20-scorecard-mexico.pdf.

Wikipedia

{{cite report |last1=Roth |first1=Joachim |title=G20 Scorecard of Fossil Fuel Funding |publisher=International Institute for Sustainable Development |date=2020 |url=https://www.iisd.org/system/files/2020-11/g20-scorecard-mexico.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{roth2020g20, author = {Roth, Joachim}, title = {{G20 Scorecard of Fossil Fuel Funding}}, institution = {International Institute for Sustainable Development}, year = {2020}, url = {https://www.iisd.org/system/files/2020-11/g20-scorecard-mexico.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }