Setting an Emissions Cap for Mexico's Emission Trading System
The Mexican government is currently analyzing and identifying the necessary policies and actions for achieving their NDC. The Climate Change Law (LGCC, 2012) allows the Ministry for the Environment (SEMARNAT), with the participation of the Inter-Ministerial Commission on Climate Change and Council on Climate Change, to establish a (voluntary) Emissions Trading System (Art. 94). Currently, a reform proposal for the law is discussed in Congress.