Mexican carbon tax to operate alongside market, though stakeholders say offset rules must change
Mexico plans on keeping its domestic carbon tax and applying it to smaller emitters when it launches its national cap-and-trade scheme, a senior official said this week.
Read MoreMexico might face a 3-year delay to ETS launch amid policy uncertainty, expert warns
Mexico might delay the implementation of its emission trading scheme by up to three years as a result of a short preparation period and uncertainty over the outcome of the upcoming election, an expert has warned.
Read MoreREPORT: Emissions Trading Worldwide – ICAP Status Report 2018
The International Carbon Action Partnership’s new report finds 2017 marks a key step forward for emissions trading. The adoption of ETSs in emerging economies, structural reforms and new cooperation initiatives have boosted confidence in carbon markets and help establish emissions trading as an important tool in reaching the goals of the Paris Agreement.
Read MoreCarbon Pulse bolsters Americas coverage with three new reporters
Carbon Pulse has hired three new reporters to expand news coverage of carbon markets and taxes and climate change policy in North and South America.
Read MoreCAR awards first offsets to Disney-backed Mexican forest project
The Climate Action Reserve (CAR) has issued voluntary offsets to the first Mexican forestry project registered under the programme.
Read MoreMexico amends law to mandate ETS start in Aug. 2018
Mexico on Tuesday amended legislation to make mandatory its national emissions trading scheme and to launch it in Aug. 2018 with a three-year pilot phase.
Read MoreArgentina proposes $25/t national carbon tax on energy sector
Argentina has proposed a new $25/tonne carbon tax on its energy sector, targeting emissions from transport fuels, natural gas and coal, as well as the country’s burgeoning oil and shale gas industry.
Read MoreCOP23: Bypassing Trump, Canada and Mexico team up with 15 US state governors on climate
Canada, Mexico, and a coalition of 15 US state governors signed a declaration committing to jointly strengthen their climate action on Monday, aiming to defy the Trump administration.
Read MoreCOP23: NAMA Facility launches biggest-ever funding call as UK puts up more cash for poorer nations
The NAMA Facility launched its fifth funding call seeking applications from carbon-cutting projects in the developing world, as EU donors collectively provided a record €85 million as they see the mitigation mechanism transitioning into the Paris-era.
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