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Despite contributing only 1% to global emissions each, two of the largest economies in Latin America, Brazil and Mexico, are strongly committed to reducing their carbon dioxide (CO2) emissions by 43% and 40% respectively by the year 2030. Achieving these goals, however, will not only necessitate the implementation of technical innovations, cleaner energy sources and active participation of all sectors, but will also require significant changes in the energy policies of both countries. This article will identify the goals stated by Brazil and Mexico in their Intended Nationally Determined Contributions (INDCs), and examine the actual and prospective primary energy mixes and consequent CO2 emissions. In addition, strategies related to technical, economic and social efforts needed to achieve these purposes are explored. Finally, the opportunities for achieving COP21-CMP11 commitments through the implementation of renewable energy in different sectors will be discussed; while showing their potential for also providing energy sovereignty and potential economic benefits for both nations.