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ARTICLE · 15 AUGUST 2019

Test Program For The New Emissions Trading System In Mexico

The Ministry of the Environment and Natural Resources (Secretaria de Medio Ambiente y Recursos Naturales) (SEMARNAT), has submitted to the National Commission for Regulatory Improvement

MexicoEnvironment

The Ministry of the Environment and Natural Resources (Secretaria de Medio Ambiente y Recursos Naturales) (SEMARNAT), has submitted to the National Commission for Regulatory Improvement (Comisión Nacional de Mejora Regulatoria) (CONAMER), a draft of the Preliminary Guidelines for the Test Program of the Emissions Trading System.

The main purpose of the proposed guidelines is to implement a test program prior to the commencement of the Emissions Trading System (ETS) contemplated in article 94 of the General Law on Climate Change (Ley General de Cambio Climático). The guidelines delineate the features of such test program, including its effective term, its guiding principles, the scope of authority of SEMARANT in the context of the test program, monitoring and evaluation mechanisms, the industrial sectors and greenhouse gases covered by the test program, the obligations of the participants, the creation of a multidisciplinary advisory committee, and the operation

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