Green Global Challenges in Mexico This Action aims to address the issue under a realistic, comprehensive, strategic and innovative approach, adequately combining actions at different levels, in the short, medium and long term, that will allow the EU to work swiftly with Mexico, as equal partners on both opportunities and common challenges. The action will focus on three components: 1) relaunch of the Mexican Railway Sector, as a greener transport alternative, nationwide; 2) support sustainable urban mobility actions in big urban centres and 3) create an enabling environment to leverage sustainable finances across economic sectors. &nbsp;The Action is expected to support federal authorities in adopting a sustainable, well-planned shift-to-rail strategy and enhance investments in the railway sector, which could reduce transport GHG emission as much as 20% across the country. By supporting authorities at state level in the pre-investment, preparatory phase of electro mobility or zero-carbon transport projects, the Action is also &nbsp;expected to contribute to a significant reduction of the sector¿s carbon footprint in urban areas and to sustainable smart cities planning. Finally, public funds remain limited and private capital represents the big bulk of financing for the green transition in Mexico, but the sector lies behind global dynamics in terms of sustainability. This Action therefore aims to create the enabling conditions to raise sustainability-linked funding from private sector and international financing institutions (IFIs), to ensure the necessary financing and advance in the green transition.