Towards an Emissions Trading System in Mexico : : Outlook on the First ETS in Latin-America and Exploration of the Way Forward.

• Superior document: Springer Climate Series
• Author: Lucatello, Simone.
• Place / Publishing House: Cham : : Springer International Publishing AG,, 2021.; ©2022.
• Year of Publication: 2021
• Edition: 1st ed.
• Language: English
• Series: Springer Climate Series
• Physical Description: 1 online resource (323 pages)

Table of Contents

Intro -- Foreword by William Acworth -- Foreword by Dr. Dirk Weinreich -- Introduction: Setting the Stage for the Emission Trading System in Mexico -- Contents -- Editor and Contributors -- Acronyms -- Part I Emissions Trading and Mexican Climate Policy: National and International Perspectives -- 1 Key Theoretical, Policy, and Implementation Experience Considerations for the Mexican ETS: Toward an Equitable and Cost-Effective Compliance Phase -- Environmental Regulation: Conventional and Alternative Market-Based Approaches -- Conventional Environmental Regulation -- Market-Based Environmental Policy -- Carbon Pricing, Markets, and Innovation -- Carbon Tax -- Emissions Trading Systems -- Creating Global Environmental Commodity Markets -- EU ETS -- North American Developments -- California -- California ETS -- Mexico -- The Mexican ETS: From Learning-Phase to Compliance Mechanism -- Implementation Challenges Ahead -- Concluding Remarks -- References -- 2 Bringing Emissions Trading Schemes into Mexican Climate Policy -- Introduction -- Background -- The Regional Greenhouse Gas Initiative (RGGI) -- The European Union (EU) -- California -- China -- The Definition of ETSs in Mexico -- A New Relationship with Industry -- Conceptual Framework and Analysis -- Conclusions -- References -- 3 The Political Economy of Regulation: An Analysis of the Mexican Emission Trading System -- Introduction -- Theory and Hypothesis -- Method -- The Pilot Emission Trading System in Mexico -- Lessons Learned and Concluding Remarks -- References -- 4 Moving Towards an ETS in Mexico: The Case of International Cooperation -- Introduction -- The International and National Context of Market-Based Mechanisms -- International Cooperation to Develop an ETS in Mexico -- Mexico's Regional Pivotal Role -- Moving Towards Implementation -- Conclusion -- References.

Part II Legal Frameworks and Design Perspectives for a Mexican ETS. Building the Blocks -- 5 The International Influence of the Emissions Trading System in Mexico -- International Instruments -- Mexico's NDCs and Other GHG Mitigation Mechanisms in Line with the 2015 Paris Agreement -- The Legal Framework of the Pilot Phase of the ETS in Mexico Under the Cap and Trade Principle -- The European Union Experience in the Emissions Trading System (EU ETS) -- Conclusion -- References -- 6 Particularities of the Legal Framework for the Mexican Emissions Trading System -- Introduction -- International Legal Basis -- The Objective of the UNFCCC -- The Quantified Commitment of the Kyoto Protocol and Its Link to Economic Instruments -- The Paris Agreement NDCs -- Article 6 of the Paris Agreement -- Article 6(2) of the Paris Agreement -- Article 6(4) of the Paris Agreement -- National Legal Basis -- Economic Instruments in the LGEEPA -- The Economic Instruments in the LGCC -- The Emissions Trading System in the LGCC -- The Importance of a Reduced Cap -- Free Allocation and the Polluter Pays Principle -- Legal Nature of Emission Allowances -- Conclusion -- References -- 7 The Political Economy of Carbon Pricing: Lessons from the Mexican Carbon Tax Experience for the Mexican Cap-and-Trade System -- Why Is It so Difficult to Implement Effective Climate Change Policies Based on Carbon Pricing? -- A Brief History of Climate Change Policy in Mexico Before the Carbon Tax Was Passed -- Lack of Resources and Oil Dependency in Mexican Public Finances -- Design of the Proposed Carbon Tax -- Political Pressures and Modifications to the Proposed Carbon Tax Bill -- Political Economy Lessons from the Mexican Carbon Tax -- Conclusions -- References -- 8 Carbon Finance and Emission Trading in Mexico: Building Lessons from the CDM Experience and FOMECAR (Mexican Carbon Fund).

Introduction: The Stages of the Carbon Markets. Evolution and Lessons Learned -- The "Golden Era" of the Carbon Markets: 2005-2011 -- The Fall of CDM and Market Fragmentation (2011-2015) -- From the Paris Agreement to the Present and Towards the Global Stocktake (2015-2024) -- The Global Financial Architecture for Supporting Carbon Markets and ETS -- Lessons from and for Mexico: The Creation of the Financial Funds for Technical Assistance and Financing of CDM Projects (FOMECAR) -- The Experience of FOMECAR and the New Emissions Trading System in Mexico -- Conclusions -- References -- 9 Emission Trading System and Forest: Learning from the Experience of New Zealand -- Introduction -- Forestry and the NZ ETS -- Forestry in New Zealand -- NZ ETS and Forest -- Participation and Impacts -- Forest and Climate Change Policy in Mexico -- Forestry in Mexico -- Forest Carbon Policy in Mexico -- Integration of Forestry into the Mexican ETS -- Strengths in the Mexican Scheme -- Weakness in the Mexican Scheme -- Potential Impacts -- Conclusion -- References -- 10 Non-additionality, Overestimation of Supply, and Double Counting in Offset Programs: Insight for the Mexican Carbon Market -- Introduction -- Overview of Offset Programs Worldwide -- Characteristics of Offset Programs and Projects -- Critiquing Offset Programs -- Problematic Issues: Non-additionality, Overestimating Supply, and Double Counting -- Non-additionality -- Overestimating Supply -- Double Counting -- MexiCO2 ETS and Offset Program -- Mexican Offset Program and Problematic Issues -- Conclusions and Recommendations -- Annex 1 -- References -- 11 Capacity Development Associated with the Implementation of Emissions Trading System in Mexico -- Introduction -- International Environmental Governance -- National Environmental Governance -- Policy Instruments -- National Registry of Emissions.

Emissions Trading System -- Corporate Governance -- Capacity Development for the Emissions Trading System in Mexico -- Analysis of Results and Conclusions -- References -- Part III Mexican ETS Connected Issues with the Broader Climate Agenda -- 12 The Environmental Justice Dimension of the Mexican Emissions Trading System -- Introduction -- Environmental Justice and Emissions Trading Systems -- Mexico ETS Context and Inequality -- Data Sources -- Analysis -- GHG Emissions in Mexico and Covered Entities -- Characterization of GHG Emissions and Environmental Justice -- Simulation of Mexico's ETS and Environmental Justice -- Conclusion and Discussion -- References -- 13 Blue Carbon in Emissions Markets: Challenges and Opportunities for Mexico -- Introduction -- Blue Carbon in the World and Mexico -- Climate Change and the Ocean -- Blue Carbon -- Blue Carbon in Mexico -- Carbon Storage -- Sustainable Development Mechanism (SDM) of the Paris Agreement -- Blue Carbon in North America: Assessing the Role of Coastal Habitats in the Carbon Balance of the Subcontinent -- California Cap-and-Trade Program -- The Mexican Emissions Trading System Pilot Program -- Case Study: El Vizcaino Biosphere Reserve -- Conclusions -- References -- 14 Relationship Between Emissions Trading System and the 2030 Agenda for Sustainable Development -- Introduction -- ETS Background -- 2030 Agenda for Sustainable Development -- SDGs Link with ETS -- The Case of Mexico -- ETS Pilot Programme -- Mexico's Approach to the 2030 Agenda -- Comments/Conclusions -- Annex 1-Sustainable Development Goals of the 2030 Agenda -- Annex 2-ETS-Related SDGs and Targets -- References.