UPDATE – Mexican lawmakers propose new VER market rules in wake of low-payment controversy

Published 22:31 on October 27, 2022  /  Last updated at 00:42 on October 28, 2022  /  Americas, International, Mexico, Nature-based, Voluntary  /  No Comments

Two Mexican legislators on Thursday put forth an initiative that would require offset project operators to meet new social and environmental standards, with the draft legislation unveiled in the wake of a controversy earlier this year in which rural land holders were found to be paid well-below market rates for their offsets.

*Clarifies bill details based on further translation received*

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