On March 30, 2022, Gabriela Niño, technical advisor of the Mexican-German Climate Change Alliance, implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, accompanied by the National Commission of Compliance (CONACOM), carried out the forum “International Cooperation on Climate Financing Between Mexico and Germany“.

In his opening speech, Ernesto Infante, coordinator of the Public Compliance & ESG Committee, pointed out the economic and commercial importance between Mexico and Germany, as well as the parallel interests between these two countries regarding issues such as transparency, corruption, accountability and intersectoral communication in government.

Later, Gabriela Niño mentioned that the main objective of GIZ Mexico is to provide technical assistance within the framework of alliances, agreements and international governance in accordance with international agendas–specifically, the Sustainable Development Goals (SDGs) of the 2030 Agenda and the Paris Agreement, as well as the development of digital tools, and the development of capacities and transmission of knowledge.

In this sense, Gabriela explained that help would be provided in the adoption of a National Climate Change Policy through Mexico’s climate change adaptation and mitigation commitments; intersectoral communication of the government’s different levels; the acceleration in the use of sustainable energies; creating resilient infrastructure; the integration of the private sector, and the development of a post-COVID-19 recovery plan.

Finally, it was mentioned that the climate financing agenda has been taking place in Mexico since 2015, as a result of the international rapprochement between financial and environmental sectors. Thus, GIZ Mexico, in coordination with the Association of Mexican Banks (ABM) and other associations that bring together various financial sectors, have worked on several green finance issues, including the analysis of the sensitivity of bank portfolios and the green bonds market; how far the Mexican government is prepared to engage in climate financing; workshops on climate risks and green taxonomies for the banking sector in Mexico; the socialization of climate change risk information , and the benefits of an adequate financial policy.