MEXICO CITY — In its fiscal budget for 2026, passed in November, the Mexican government promised funds for renewable energy, protected areas and other environmental concerns. But much of what’s labeled as climate spending actually has nothing to do with the environment, and may even exaggerate how much is being spent, a review of the […]

MEXICO CITY — In its fiscal budget for 2026, passed in November, the Mexican government promised funds for renewable energy, protected areas and other environmental concerns. But much of what’s labeled as climate spending actually has nothing to do with the environment, and may even exaggerate how much is being spent, a review of the budget shows. Line items in the government budget reveal that funds earmarked for the clean energy transition and combatting climate change are instead going to infrastructure, oil and gas, and other projects largely unrelated to the environment. “Climate action hasn’t been prioritized in the budget,” said Anaid Velasco Ramírez, public policy and legal research manager at the Mexican Center for Environmental Law (CEMDA). “In fact, much of the public budget is allocated to projects that generate large emissions, starting with the energy sector.” President Claudia Sheinbaum, who took office last year touting her climate science background, said she wanted to address energy demands with renewable sources. But her government is also worried about the country’s dwindling proven oil reserves, leading it to invest in new oil exploration at the same time that it’s promising an ambitious clean energy transition. The government is spending 17.9 billion pesos ($983 million) next year on its Energy Transition National Strategy, up nearly 55% from the previous year. It’s also spending 212.6 billion pesos ($11.7 billion) on “resources for the adaptation and mitigation of the effects of climate change.” But those figures don’t come close to what’s allocated for the…This article was originally published on Mongabay

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