Mexico : Paving the Way for the Development of Emissions Trading

Mexico has made great strides recently in its fight against climate change. The enactment of the Climate Change Law in 2012 and its reform in 2018 led to the creation of a series of administrative and policy instruments to guide domestic action on...

Full description

Bibliographic Details
Main Author:	Partnership for Market Readiness
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	CLIMATE CHANGE CLIMATE CHANGE MITIGATION GREENHOUSE GAS EMISSIONS EMISSIONS TRADING CLIMATE POLICY INTERNATIONAL CARBON MARKET CARBON CREDITING
Online Access:	http://documents.worldbank.org/curated/en/277591617603111324/Paving-the-Way-for-the-Development-of-Emissions-Trading-Report-for-the-Mexico-Partnership-for-Market-Readiness-Project http://hdl.handle.net/10986/35467

id	okr-10986-35467
recordtype	oai_dc
spelling	okr-10986-354672021-06-14T09:55:08Z Mexico : Paving the Way for the Development of Emissions Trading Partnership for Market Readiness CLIMATE CHANGE CLIMATE CHANGE MITIGATION GREENHOUSE GAS EMISSIONS EMISSIONS TRADING CLIMATE POLICY INTERNATIONAL CARBON MARKET CARBON CREDITING Mexico has made great strides recently in its fight against climate change. The enactment of the Climate Change Law in 2012 and its reform in 2018 led to the creation of a series of administrative and policy instruments to guide domestic action on climate mitigation and adaptation. The development and implementation of this agenda created new and different challenges involving the design and adoption of new fiscal, economic, and market-based instruments. Mexico opted for the development of an Emission Trading Scheme (ETS) as its main instrument to scale up climate change mitigation efforts. To address design and implementation challenges, the country sought avenues of international cooperation and technical assistance, including by joining the Partnership for Market Readiness (PMR). Established and managed by the World Bank, the PMR is a grant-based, global partnership that provides systemic support and funding for technical and institutional capacity development and piloting of new and innovative market-based instruments. This report presents the main activities undertaken under the project and identifies the main outcomes. Observed results confirm the important contribution of this project to the Mexican development and climate policy landscape, developing technical knowledge products, practical tools and capacity building activities that are shaping the design of the national carbon pricing policy mix and informed the review of the NDC (submitted to the UNFCCC in December 2020). The report is organized as follows: section two outlines the country context prior to the PMR project; section three outlines the project goals; the implementation process and the key outcomes; and final sections evaluate the impacts of the project in the country and outlines next steps, lessons learned, and recommendations. 2021-04-20T20:23:05Z 2021-04-20T20:23:05Z 2021-03 Report http://documents.worldbank.org/curated/en/277591617603111324/Paving-the-Way-for-the-Development-of-Emissions-Trading-Report-for-the-Mexico-Partnership-for-Market-Readiness-Project http://hdl.handle.net/10986/35467 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Environmental Study Latin America & Caribbean Mexico
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CLIMATE CHANGE CLIMATE CHANGE MITIGATION GREENHOUSE GAS EMISSIONS EMISSIONS TRADING CLIMATE POLICY INTERNATIONAL CARBON MARKET CARBON CREDITING
spellingShingle	CLIMATE CHANGE CLIMATE CHANGE MITIGATION GREENHOUSE GAS EMISSIONS EMISSIONS TRADING CLIMATE POLICY INTERNATIONAL CARBON MARKET CARBON CREDITING Partnership for Market Readiness Mexico : Paving the Way for the Development of Emissions Trading
geographic_facet	Latin America & Caribbean Mexico
description	Mexico has made great strides recently in its fight against climate change. The enactment of the Climate Change Law in 2012 and its reform in 2018 led to the creation of a series of administrative and policy instruments to guide domestic action on climate mitigation and adaptation. The development and implementation of this agenda created new and different challenges involving the design and adoption of new fiscal, economic, and market-based instruments. Mexico opted for the development of an Emission Trading Scheme (ETS) as its main instrument to scale up climate change mitigation efforts. To address design and implementation challenges, the country sought avenues of international cooperation and technical assistance, including by joining the Partnership for Market Readiness (PMR). Established and managed by the World Bank, the PMR is a grant-based, global partnership that provides systemic support and funding for technical and institutional capacity development and piloting of new and innovative market-based instruments. This report presents the main activities undertaken under the project and identifies the main outcomes. Observed results confirm the important contribution of this project to the Mexican development and climate policy landscape, developing technical knowledge products, practical tools and capacity building activities that are shaping the design of the national carbon pricing policy mix and informed the review of the NDC (submitted to the UNFCCC in December 2020). The report is organized as follows: section two outlines the country context prior to the PMR project; section three outlines the project goals; the implementation process and the key outcomes; and final sections evaluate the impacts of the project in the country and outlines next steps, lessons learned, and recommendations.
format	Report
author	Partnership for Market Readiness
author_facet	Partnership for Market Readiness
author_sort	Partnership for Market Readiness
title	Mexico : Paving the Way for the Development of Emissions Trading
title_short	Mexico : Paving the Way for the Development of Emissions Trading
title_full	Mexico : Paving the Way for the Development of Emissions Trading
title_fullStr	Mexico : Paving the Way for the Development of Emissions Trading
title_full_unstemmed	Mexico : Paving the Way for the Development of Emissions Trading
title_sort	mexico : paving the way for the development of emissions trading
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/277591617603111324/Paving-the-Way-for-the-Development-of-Emissions-Trading-Report-for-the-Mexico-Partnership-for-Market-Readiness-Project http://hdl.handle.net/10986/35467
_version_	1764483097526534144

Mexico : Paving the Way for the Development of Emissions Trading

Similar Items