New Regulations On Greenhouse Gas Emissions

On October 28th, 2014, implementing provisions to the General Law on Climate Change on matters related to the National Registry of Emissions (Reglamento de la Ley General de Cambio Climático en materia del Registro Nacional de Emisiones) (the "Regulations") were enacted and entered into effect on the following day (October 29th, 2014).

These Regulations are key to several commercial, services and industrial sectors, including banks, real estate developers, hotels, hospitals, schools and other activities which may generate greenhouse gases ("GHG") and which up until now were not subject to GHG measuring and reporting obligations, as opposed to other sectors, such as energy and automotive, which were already obligated to report under the emissions registry and transfer of pollutants regulations.