Carbon Policy, Innovation & Sustainability

Carbon Pricing

Goal: Conducts multidimensional and multi stakeholder open dialogues in the ongoing national conversation in Mexico around the potential for carbon pricing and market-based solutions for cost-effective greenhouse gas (GHG) emissions mitigation.

Projects

Monitoring, Reporting & Verification (MRV)

The Mexican National GHG Emissions Registry (RENE) is the regulatory and technical framework for the monitoring, reporting and verification (MRV) process used to comply with the Mexican law regarding the transparency of data and the national GHG inventory. Eventually RENE will constitute a key policy design element of future compliance carbon management systems in Mexico.

MCE2050 convenes key stakeholders to strengthen Mexico’s MRV system for GHG reporting. Through workshops and by facilitating expert information exchange among the GHG verifiers, industry and government MCE2050 is supporting RENE's implementation and identifying potential enhancements from learning-by-doing lessons.

Mexican Emissions Trading System

MCE 2050 informs carbon policy in Mexico. MCE2050 supported the design and launch of the pilot emissions trading system (ETS), the first federal cap-and-trade system in North America. It conducts leadership and technical capacity to address and solve for the implementation challenges of the learning phase (2020-23) of the Mexican ETS, such as standardizing monitoring, reporting and verification technology (MRV) standards and practices. In particular it explores through research the use of smart climate tech (e.g., digital, sensing, satellite and artificial intelligence) tools to improve the quality of data and analytics for carbon market and to strengthen the environmental integrity of the system. MCE2050 also explores and conducts prospective analyses about the regional institutional and policy alignment necessary to serve as foundations of the future North American carbon market, as well as future linking with the growing global carbon market.

Carbon Management and Innovation

Projects

Natural Climate Solutions

MCE2050 links climate policy with natural capital regeneration for the benefit of local communities and ecosystems through the use of natural climate solutions as a finance mechanism.

Convenes high-level dialogues around emerging trends in carbon market design and climate finance to incentivize the supplementary role of agriculture, forestry and other land use emissions reductions (e.g. offsets for natural climate solutions or nature-based solutions) to support global efforts towards cost-effective and equitable paths to make global sustainability a reality.