G20 Scorecard of Fossil Fuel Funding

Mexico ranks last among G20 OECD member countries in the G20 Scorecard of Fossil Fuel Funding, with an overall score of 48/100. Between 2017 and 2019, Mexico provided an average of USD 29.9 billion in total government support to fossil fuels, dominated by USD 13.3 billion in annual state-owned enterprise (SOE) investments via PEMEX. While overall support decreased by 21% relative to the 2014–2016 average—driven by a 37% drop in SOE investment—support for fossil fuel-based power increased by 17% due to higher electricity price support. Additionally, the government provided a USD 3 billion tax break on oil extraction to offset COVID-19 related oil price drops.

• Mexico is ranked last (11th) among G20 OECD member countries with an overall score of 48/100, tied with Turkey and the UK.
• The average annual government support for fossil fuels in Mexico from 2017 to 2019 was USD 29.9 billion, with the largest component being USD 13.3 billion in SOE investments primarily provided by PEMEX for oil and gas production.
• Total government support for fossil fuels decreased by 21% compared to the 2014–2016 average, largely because SOE investment fell by 37%. Conversely, support for fossil fuel-based power rose by 17% over the same period due to increased electricity price support.
• Significant fossil fuel support remains unquantified in the report, including over USD 9 billion in 2019 for the Dos Bocas oil refinery in Tabasco, debt absorption for PEMEX, and increased deductibility for shared profit rights.
• In response to COVID-19, the Mexican government implemented a USD 3 billion tax break on oil extraction to maintain PEMEX's investment in exploration and production amid falling oil prices.

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} }