Smog-Hit Mexico’s $8 Billion Clean-Up Bid Heralds Bond Sale Rush
- Oaxaca wind-farm bonds are second-best performers since March
- Smog forced Mexico City to ban driving earlier this year
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Mexico’s push to reduce air pollution may set the stage for a surge in clean energy-related bond sales.
For the first time, the government will auction $8 billion worth of clean energy projects this year, according to Pricewaterhouse Cooper. The move comes as dangerous air quality in vast industrial hubs across the nation has made cleaner energy a necessity. Earlier this year, some of the worst smog in a decade prompted Mexico City to impose a driving ban and factories to slash production.