Please login or create an account to join the discussion.

Mexico passes climate change law

Mexico is the second country in the world to have to have instituted legally binding targets on GHG emission reductions.  The law mandates a reduction in CO2 emissions by 30% below business-as-usual levels by 2020, and by 50% below 2000 levels by 2050 (note that this is a relative target – the UK’s target is an absolute one)

It also stipulates that 35% of the country's electricity should come from renewable sources by 2024, and requires mandatory emissions reporting by the country's largest polluters. In addition, the act establishes a commission to oversee implementation, and encourages the development of a carbon-trading scheme. Mexico ranks 11th in the world for both the size of its economy and its level of carbon emissions.

For more information see here.
 

Post a new comment »

Login or register to comment with your personal account. Anonymous comments require approval to be visible.
Publication
09 May 2012
Actors