In the context of Mexico's Energy Reform and National
Climate Change Strategy (see "
Mexico Implementing Clean Energy Reform," The Climate Report,
Spring 2018), on October 1, 2019, the Ministry of Environment
and Natural Resources (Secretaría de Medio Ambiente y
Recursos Naturales, or "SEMARNAT") published in the
Federal Official Gazette, a national carbon market pilot
program ("Pilot Program").
The Pilot Program aims to establish the preliminary basis for
the operation of the country's first carbon market. The initial
operation includes only stationary sources from the energy and
industrial sectors generating more than 100,000 tons of direct
emissions of carbon dioxide and will last for 36 months counted as
of January 1, 2020 (ending December 31, 2022).