How do you hope to see this project continue to develop in the coming years?
Lucas: In the next phase of this project, NREL, IYEM, and ITSP are working to develop a robust technical training curriculum for university students to conduct energy efficiency audits for local businesses seeking to reduce their energy consumption. Student and university-led technoeconomic analysis will support data-driven decisions on investment and lending and will equip students with the advanced skill set they need to succeed in a clean energy futures workforce. These targeted training materials and analytical tools will be made publicly available when complete.
Pastor: I would love to see this project grow in its pilot phase to offer more audits and microloans to MIPyMEs in the Yucatan, and even go beyond Yucatan to other Peninsula states, as I truly think it can make a different.
And at a higher-level, I am really looking forward to seeing whether our theory of change is legitimate – if we can prove that SMEs can leverage affordable financing to access clean energy that would be consequential for broader energy transition efforts around the globe.
How did having the chance to work on a project like this as a Ford Dorsey Master’s in International Policy student impact your studies and how you think about your role and future in the world of policy and international development?
Pastor: Getting the chance to work on a project like this has definitely shaped the type of work and impact I want to have. I am currently working in the sustainable finance space, as I really believe that part of the key to achieving our climate goals lies with closing the mitigation and adaptation finance gap, and especially focusing on bringing financing solutions to those who are often left behind by the system.
Lucas: I’ve been prompted to reflect more about institutionalized and systemic barriers to energy equity, as well, and to think more critically about what inclusive clean energy transitions look like in practice. The next several decades are humanity’s most critical – as the entire world mobilizes to combat the climate crisis, global energy and economic structures will be fundamentally transformed. In this, we have an unparallel opportunity to choose – and create – a better, more inclusive, more sustainable, future.
What are each of you hoping to do next in your careers?
Pastor: I hope to keep growing my knowledge of climate finance and to keep working to make an impact and accelerate climate transition efforts around the world. It’s been so moving to see the passion and commitment everyone we have worked with has shown. The fact that some of the Yucatan participants would take two days out of their busy schedules to come together to discuss what could be done to solve this problem is very inspiring. And even since our initial investigations have ended, they have continued to show up for the project, and are very much driving it forward at this point. It is truly great to see them believe in our vision for a clean energy future
Lucas: I agree. I want to keep doing what I am doing now!