ley general de cambio climático - the pmr - towards a... · s e cre t a 5Ë$ de m e d io a m bie n...
TRANSCRIPT
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Towards a Climate Market in Mexico
SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT SECRETARIAT OF ENVIRONMENT
AND NATURAL RESOURCES
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SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT WHERE IS MEXICO STANDING?
GENERAL CLIMATE CHANGE LAW (2012)
Low-carbon emissions economy
Resilient Mexico
Inclusive policy
NATIONAL CLIMATE CHANGE STRATEGY (2013)
10-20-40 years vision
Mitigation and Adaptation actions and policies
SPECIAL CLIMATE CHANGE PROGRAM * PECC 2013-
2018 (2014)
Actions to be carried out by federal public entities in both
mitigation and adaptation throughout the current
administration
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SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT ASPIRATIONAL REDUCTION GOALS GENERAL CLIMATE CHANGE LAW
By 2020: 30% GHG emissions reduction with respect to baseline
By 2024: 35% of electricity generation from clean energy sources
By 2050: 50% GHG emissions reduction with respect to 2000 emissions
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4
PECC´s contribution to national mitigation
efforts
400
500
600
700
800
900
1,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
MM
tCO
2e
106* MtCO2e/yr PECC´s
contribution 909
760
*The amount of 106 MtCO2e/year comprises: 75.1 MtCO2e/year from PECC 2013-2018 mitigation action lines, and 31 MtCO2e/year, from continuous methane reduction actions by PEMEX since 2012 (Preliminary data, under review for old and new PECCs)
National baseline GWP100
SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT
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ENERGY 40.93
AGRICULTURE 6.74
ENVIRONMENT 14.87
TRANSPORT 0.48 SOCIAL
DEVELOPMENT 2.05
NAMA 9.42
55%
9%
20%
0.64%
3% 13%
TOTAL = 75.1 MtCO2e*
Sectorial contribution to mitigation in PECC
goals (MtCO2e)
13
SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT
*preliminary data
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SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT WHAT IS NEEDED TO GET READY FOR A CLIMATE MARKET?
NATIONAL EMISSIONS REGISTRY
CARBON TAX
INVESTMENT: INNOVATION AND
TECHNOLOGY
ECONOMIC INCENTIVES
TRANSACTIONS PLATFORM
MRV
CAP-AND-TRADE MECHANISM
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SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT HOW IS MEXICO GETTING READY?
• NATIONAL EMISSIONS REGISTRY Starting in 2015
• CARBON TAX Started in 2014
• INVESTMENT: INNOVATION AND TECHNOLOGY Energy Reform
2014
• ECONOMIC INCENTIVES Energy Reform 2014
• VOLUNTARY CARBON MARKET PLATFORM Started Nov. 2013
• MRV Development in process
• EMISSIONS REQUIREMENTS FOR POWER GENERATION Energy
Reform 2014
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-Energy, Industry, Waste, Agriculture and Services -Direct and Indirect emissions -Mobile and Stationary sources -CO2, CH4, N2O, SF6, HFCs, PFCs, HCFCs, NF3 and Black Carbon
CER sold Secretariat of Finance allows the use of carbon offsets to reduce carbon tax liability
Private sector manages the monetization of CERs in the UNFCCC Registry
NATIONAL EMISSIONS REGISTRY
CLIMATE MARKET
-VCS -PLAN VIVO -GOLD STANDARD -CAR -Carbon capture in forestry Norm (in development)
CER proceeds
INDICATIVE STRUCTURE
CARBON TAX
SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT
GHG and Compounds accounting and reporting
>25,000 ton CO2e
* After 2015
CERs, VCU, VER, PVC*
portfolio
VOLUNTARY MARKET
CDM OF KYOTO
PROTOCOL
MEXICO2
Voluntary carbon market platform in Mexico
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Example A
PEMEX
CARBON OFFSETS
SELLERS
REDUCE GHG EMISSIONS
CDM Project
A CDM Project
C CDM Project
B
Carbon Tax
CDM Project
D
TO COMPLY WITH CARBON TAX
SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT
BUYER
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Example B
COMPANY A, INSTITUTION X,
INDIVIDUALS
CARBON OFFSETS
SELLERS
REDUCE GHG EMISSIONS
VCS Project B
CSR
VOLUNTARY MARKET
SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT
BUYER
MEXICO2 PLATFORM
TRANSACTION
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DETERMINANTS OF SUCCESS
• EXTERNAL ISSUES: – Market terms: price, coupon, yield
– Demand: buyer interest
– Supply: availability of technology
– Carbon market issues: regulations, prices
– Competition: for buyers; for projects
• OTHER ISSUES: – Acceptable risk
– Tenure, currency, etc.
– Domestic policies
– Capacity building
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SECRETARÍA DE MEDIO AMBIENTE
Y RECURSOS NATURALES
SEMARNAT SEMARNAT
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General Climate Change
Direction San Jeronimo 458, third floor
Col. Jardines del Pedregal
011 52 55 54 90 21 27
www.semarnat.gob.mx