A decarbonized global energy sector is expected to need cumulative investments in the tens to hundreds of trillions of dollars between now and 2050. Due to its size, the current climate-business environment is therefore prone to corruption risks. Yet such corruption risks are rarely explored...

In 2013 an energy reform was approved in Mexico to allow the participation of private firms in the energy sector, where their participation was restricted, creating one of the newest wholesale electricity markets.It has been noted that renewables face a significant and unique problem for their...

The efficient deployment of green technologies, and more generally, the clean energy transition, will require electricity tariff reforms. Existing tariff schemes often fail to achieve basic economic objectives. They set prices per unit that either exceed or fall short of the social marginal...

Mexico plans to implement a national program to support the adoption of distributed photo-voltaic generation (DPVG) among qualified households. The main objectives of such a program would be to reduce the burden of the substantial federal energy subsidy and increase the share of renewable energy...

This paper proposes a paradigm shift from price-based to quantity-based electricity subsidies, inspired by the characteristics of distributed generation technologies such as photovoltaics (PV solar). This approach, aimed at addressing the significant challenges in Mexico's electricity sector...

Existing results on the contribution of terms of trade and world interest rate shocks to output fluctuations in small open economies range from less than 10% to almost 90%. We argue that an identification problems lies at the heart of these vastly different results. In this paper, we overcome...

The transition to a market driven development strategy in Latin America for more than a decade has redefined business strategies and reshaped the state`s traditional role as guarantor of employment, stability, and protection. These changes, plus the move to create more flexible labor markets in...