LatinNews Regional Monitor: Mexico - 19 September 2018

* Mexico’s environmental & natural resources ministry (Semarnat) has announced that Mexico will launch the pilot phase of the Americas’ carbon market in 2019, with the aim of having the market fully operational by 2022. This initiative is part of the regional effort to implement the Carbon Pricing in the Americas (CPA) cooperative framework, agreed upon last December by Canada, Chile, Colombia, Costa Rica, and Mexico as well as state governments including California and Washington in the US. The CPA initiative aims to promote inter-regional carbon markets and standardise pricing. In its official statement, Semarnat noted that Mexico already has a carbon tax and celebrated the regional cooperation efforts in designing carbon pricing mechanisms.

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