Law for the Development of Renewable Energy and Energy Transition Financing (LAFAERTE)
At the end of 2008, a law on renewable energy utilization and energy transition ficing (LAERFTE) was adopted in Mexico, compatible with the existing Law of Public Electricity Service. This law was last reformed in January 2012.
The law is meant to define and regulate the use of RE for power production and establish a set of instruments such as a Special Programme, an Energy Transition Strategy and an Energy Transition Fund, among others.
The 2011 reform also establishes maximum targets of fossil generation in the total power mix by the year 2024, 2035 and 2050. Energy targets: 65% of fossil generation by 2024; 60% by 2035 and 50% by 2050.
Finally, this law states that it is mandatory for the Energy Secretariat to develop a National Renewable Energy Inventory to provide reliable information on renewable energy resources in Mexico.
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