In 2007, Mexico published its first National Strategy for Climate Change and in 2008, the first Special Climate Change Program 2008-2012 (PECC) aimed to establish goals in mitigation and adaptation.
In June 2012, the General Climate Change Law was passed by Mexican Congress. This is the first legislative mandate to transition towards a competitive, sustainable economy with low carbon emissions that generates environmental, social and economic benefits.
In January 2013, the Inter-Ministerial Climate Change Commission (CICC) was established to coordinate climate change policies at the federal level. In June 2013, the Government officially launched the National Climate Change Strategy (ENCC), a Mexican planning instrument to tackle climate change with a 10, 20 and 40 years vision; through three adaptation axes, and five axes for low emission development, supported by six policy pillars.
In November 2013, Mexico approved a carbon tax on fossil fuels that can be paid through CDM CERs. Regulation for its operation will be published in late December 2013.
Mexico is developing a new PECC for the current administration (2013-2018) to be published in early 2014. This instrument derives from the Law and will prioritize GHG and CCVC mitigation actions to achieve low emission growth, where NAMAs and supporting infrastructure for current and future carbon markets will play an important role. Some of this infrastructure comprises the Mandatory Emissions Registry that is currently under development and will start operating in 2015; the voluntary carbon exchange platform launched in November 2013 and the National Climate Change Fund.
Sources: Semarnat; General Law for Climate Change and PMR Market Readiness Proposal submitted by the Ministry of Environment and Natural Resources of Mexico, February 2013