Country:Mexico
Year:2014 (August 11th)
Policy status:In Force
Jurisdiction:National
Date Effective:2014 (August 11th)
Policy Type:Economic Instruments>Direct investment, Research, Development and Deployment (RD&D)
Policy Target:Multiple RE Sources>All
Policy Sector:Electricity, Heating and Cooling, Transport
Size of Plant Targeted:Small and Large
URL:http://www.dof.gob.mx/nota_detalle.php?codigo=5355990&fecha=11/08/2014
URL:http://www.diputados.gob.mx/LeyesBiblio/pdf/LFMPED_110814.pdf
Legal References:Ley de Petróleos Mexicanos
Funding:Surpluss of hydrocarbon exploration and extraction
Description:

This Mexican Petroleum Law is one of the "21  secondary laws" passed by the Mexican legislation after the constitutional reform. This law established the Mexican Petroleum Fund that  was mandated  to collect, manage, invest and disburse income derived from the exploraiton and extraction of hydrocarbons. Once the fund reaches 3% of GDP, up to 10% of the fund's yearly increment can be spent on science, innovation and renewable energy. 

 

Last modified: Mon, 30 Nov 2015 18:30:45 CET