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IETA and CESPEDES sign MOU on Mexican Carbon Market Development and Cooperation

25 Jan 2017 10:35 PM | Anonymous member (Administrator)

MEXICO CITY, 25 January - IETA and the Mexican Business Council for Sustainable Development (CESPEDES) today signed a Memorandum of Understanding in Mexico City for the purpose of advancing market mechanisms for greenhouse gas reductions in Mexico.

Under the terms of the agreement, the local and global business associations will jointly develop a comparison of core policy elements of existing carbon markets, including private sector views on lessons learned and best practices.

They will further develop a high-level roadmap on the potential scope, framework and operational parameters of a Mexican carbon market, with a view to enabling future linking with other North American markets. 

“IETA is delighted about cooperating with CESPEDES to bring our global experiences with carbon markets to Mexico,” Dirk Forrister, CEO of IETA, said today. “We look forward to building a strong relationship with Mexican business to help the country achieve its climate targets through carbon markets”.

Rodolfo Lacy, Undersecretary of Planning and Environmental Policy at SEMARNAT, Mexico’s environment ministry, recognized the initiative and leadership from the private sector represented by CESPEDES and IETA in bringing solutions and proposals for carbon mitigation. “The arrangement sets the table for private sector to take action (on climate change),” he said.

Commenting on the agreement, Patrick Verkooijen, ‎Special Representative for Climate Change at The World Bank, said: “The Carbon Pricing Leadership Coalition aims to build bridges between Governments, civil society, and business to advance carbon pricing solutions to deliver national targets of the Paris Agreement.

“Today's MOU between CESPEDES and IETA is a breakthrough that shows cooperation in action. The strong local business voice of CESPEDES coupled with IETA's global policy and market expertise will ensure the Mexican government will get the most constructive engagement possible from the business community, as the country moves from ideas to action on carbon pricing."

Pictured at the signing ceremony for the Memorandum of Understanding are (L to R): Katie Sullivan, IETA; Dirk Forrister, CEO, IETA; Rodolfo Lacy, Under-Secretary of Planning and Environmental Policy, SEMARNAT; Andres Albo Marquez, President, CESPEDES; Jose Ramon Ardavin Ituarte, Executive Director, CESPEDES.

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