Mexico's climate law: selections on emissions trading, emissions reductions targets

Below are selections with unofficial translations of Mexico's General Law on Climate Change, which was signed into law June 5, 2012 by President Felipe Calderón.

With respect to emissions trading

Artículo 94. La Secretaría, con la participación de la Comisión y el Consejo podrá establecer un sistema voluntario de comercio de emisiones con el objetivo de promover reducciones de emisiones que puedan llevarse a cabo con el menor costo posible, de forma medible, reportable y verificable.

TRANSLATION: The Secretary*, with the participation of the Commission and the Council will be able to establish a voluntary system of emissions trading with the objective of promoting emissions reductions that can be accomplished at the lowest cost possible, in a measurable, reportable, and verifiable way.

*EDF notes: this means the Secretary of SEMARNAT – Mexico's Ministry of Environment and Natural Resources

 

Artículo 95. Los interesados en participar de manera voluntaria en el comercio de emisiones podrán llevar a cabo operaciones y transacciones que se vinculen con el comercio de emisiones de otros países, o que puedan ser utilizadas en mercados de carbono internacionales en los términos previstos por las disposiciones jurídicas que resulten aplicables.

TRANSLATION: Those interested in participating in a voluntary manner in emissions trading will be able to carry out operations and transactions that link with emissions trading in other countries or that can be utilized in international carbon markets under the terms provided by applicable legal provisions.

 

With respect to Mexico's national emissions reductions targets

Artículo Segundo. El país asume el objetivo indicativo o meta aspiracional de reducir al año 2020 un treinta por ciento de emisiones con respecto a la línea de base; así como un cincuenta por ciento de reducción de emisiones al 2050 en relación con las emitidas en el año 2000. Las metas mencionadas podrán alcanzarse si se establece un régimen internacional que disponga de mecanismos de apoyo financiero y tecnológico por parte de países desarrollados hacia países en desarrollo entre los que se incluye los Estados Unidos Mexicanos. Estas metas se revisarán cuando se publique la siguiente Estrategia Nacional.

TRANSLATION: The country assumes the indicative objective or aspirational goal of reducing its emissions by 2020 to thirty percent with respect to the baseline; as well as to 50 percent reduction in emissions by 2050, with respect to emissions for the year 2000.  The goals mentioned will be able to be achieved if there is established an international regime, which makes available the mechanisms of financial and technological support on the part of developed countries to developing countries, among which are included the United States of Mexico.  These goals will be revised when the next National Strategy is published.**

**EDF notes: The law states the new national strategy should be published in the first half of 2013.

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  • [...] Absolute, legally binding caps are the surest way to achieve Mexico’s goals of reducing carbon emissions; given the law's lack of such a cap, the absolute strength of the law and whether it accomplishes its mitigation goals will depend on political will and leadership. (View a translation of the law's relevant provisions) [...]

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