, aimed at establishing a general framework for cooperation in areas of mutual interest, including energy policy, planning, energy efficiency, renewable energy, green hydrogen, and critical minerals.
It will enable the development of joint projects or programs that contribute to a sustainable energy transition with social, economic, and environmental benefits.
This agreement outlines the following areas of cooperation: energy statistics, data collection and modeling; energy policy analysis; energy efficiency; and renewable energy: solar, wind, hydroelectric, geothermal, and bioenergy.
Additionally, it addresses collaboration on critical minerals, including refining and processing, as well as green hydrogen.
The Memorandum of Understanding also sets out the following forms of cooperation: joint projects or programs, technical studies and policy recommendations, participation in regional and international events, training and capacity building, data and forecast exchange, and the organization of activities such as seminars, workshops, among others.
Its mission is to provide technical analysis, statistical data, and energy policy recommendations to support countries in ensuring a secure and sustainable energy supply.
This important agreement aligns with the National Energy Policy by 2040 and the National Development Plan, contributing to the development of energy policies and planning, the advancement of clean technologies such as green hydrogen, and energy efficiency —key elements for the transition to a low-carbon economy.
The Memorandum of Understanding establishes a validity period of three years and may be renewed for an equal period if both parties so wish.
It does not entail binding financial commitments, with activities subject to the availability of resources from each signatory entity.
Moreover, it specifies that the signatory entities will keep each other informed of all relevant activities under this Memorandum.
They will also hold consultations, as appropriate, to assess progress in the implementation of the agreement and to review and develop new plans for current or future activities.