Mexico can become part of the industrial clean-tech revolution
- GreenMomentum, IMCO and WWF urge for the development of an industrial cleantech policy to untap the potential
The objective of the study was to understand the state of and conditions surrounding cleantech innovation and entrepreneurship in Mexico and sketch a policy roadmap to promote its development.
Cleantech refers to a product, service or knowledge created with commercial purposes; designed to reduce the sources and/or effects of climate change, maximize the operational efficiency of industries, generating savings in resources and waste and promoting their reuse and recycling.
Cleantech Innovation is one of the new areas of economic growth within the transition to low carbon economies. While improving industries’ efficiency, it generates jobs, reduces resources’ consumption and mitigates green-house gasses.
An extensive survey was conducted receiving input from 200 cleantech entrepreneurs as well as experts’ dialogues with research centers, government officials as well as public and private financial institutions. The survey assessed the current state of the cleantech sector, analyzing key innovation and commercialization indicators based on the methodology used in the Global Cleantech Innovation Index, developed by WWF and the Cleantech Group. Both groups of indicators revealed low scores for most variables when compared to other OECD countries: limited patent solicitation (less than 3% of all patents), limited investment in the scale-up phase (almost no private or public funding), low number of consolidated firms (only one cleantech company has had an initial public offering), lack of conglomeration (there is not one cleantech cluster), and only a small percentage of companies competing in international markets (only 6% of companies export).
There is no doubt Mexico´s cleantech industry is on the rise. Though figures for pure-play cleantech firms, cleantech patents, and specialized workforce are currently low, they continue to increase year by year. According to E3, today, Mexico’s political, economic and environmental landscape presents a bright new opportunity to incentivize growth in the cleantech space.
Key recommendations by E3 to seize this opportunity are:
- Improve environmental regulation and strengthen its enforcement
- Eliminate perverse subsidies and develop effective policy incentives
- Maximize the impact of the Energy Reform through a definitive boost to cleantech
- Improve the perceived value of intellectual property
- Promote investment throughout the value chain of innovation
- Strengthen linkages between industry and academia
- Develop a specialized workforce for the cleantech industry and,
- Develop loan guarantee programs and encourage public-private investment
Download the study at: www.Cleantech2015.mx
For interviews, please get in touch with:
GreenMomentum Inc.: Noemí Castillo, firstname.lastname@example.org, Tel. (55) 2624 1388
IMCO: Romina Girón, email@example.com, Cel. 044 (55) 4785 4940
WWF-México, Jatziri Pérez, firstname.lastname@example.org, Tel. 5286 5631 Ext. 223