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

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

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Bibliographic Details
Superior document:Springer Climate Series
:
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
Online Access:
Physical Description:1 online resource (323 pages)
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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.

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