Analysis and seminars about the Mexican Emissions Trading System
31 March 2021 | Trading
During March, Factor CO2 collaborated in the development of the series of virtual sessions on accountability and transparency in the framework of an Emissions Trading System (ETS) for Mexico. This is part of the project Preparation of an Emissions Trading System in Mexico (SiCEM), implemented by the German Cooperation for Sustainable Development (GIZ) together with the Ministry of Environment and Natural Resources (SEMARNAT).
Four sessions were held on topics such as accountability and transparency, the fight against corruption, the design aspects to be considered in an ETS, as well as the points of view of the civil society, the academic community and the private sector.
This was possible thanks to the broad and diverse participation of speakers from different sectors. The German Emissions Trading Authority (DEHSt), European Energy Exchange AG, CEMEX, Acciona, Aenor, Carbon Market Watch, Basque Centre for Climate Change (BC3) and Factor CO2, as an expert in the European emissions trading market, were present.
The speakers had the opportunity to present the functionality of the European Systems, through their own experience, as well as some suggestions and preventive measures to be considered for the Mexican Emissions Trading System. They also discussed the main challenges they have faced and the actions that have been implemented to solve them.
In addition, case studies were shared on the experience of companies active in carbon markets, and the role of civil society in advocacy towards fair and effective protection.
These sessions had the purpose of generating a first overview of the issues of accountability and transparency in the framework of the ETS for Mexico. As well as providing capacity building measures on the functioning and the advantages of an ETS for potential Mexican stakeholders.
Factor Ideas for change
Factor has more than 15 years of experience offering technical consulting services in the areas of climate change adaptation and mitigation, carbon footprint analysis, sustainability, circular economy, renewable energy and carbon markets, amongst other things, undertaken on behalf of governments and international organizations, as well as for over 400 companies, with more than 1,100 projects undertaken within 40+ countries.