Cap and trade scheme for the Mexican auto industry
To provide Mexico's National Institute of Ecology (INE) with a comprehensive economic analysis of its proposed cap and trade scheme for the Mexican automobile industry.
Mexico19° 26' 3.12" N, 99° 8' 18.96" W
Main activity and output:
- Develop an economic model to analyse the impact of the proposed cap and trade scheme, examining private and social costs and benefits
- Meet regularly with INE to ensure that the analysis complements and helps develop the regulatory initiative
- Organise periodic workshops to present progress and get feedback Provide INE with technical support in presenting results to federal actors and in forming a coalition to promote the regulation's adoption.
- Provision of critical arguments to support the cap-and-trade proposal at the heart of the efficiency regulation
- Formation of a federal coalition that will refine and lobby for the proposal
- Facilitation of the passage of an energy efficiency norm for the private vehicle sector in 2010
- CTS-Mexico has calculated that by 2030 such a regulation could reduce national carbon emissions by 220 MtCO2, thereby reducing particulate emissions <2.5 micrometers by 8,300 tons and saving 2,150 million Euros.
- Auto sector carbon emissions reduction achieved at lowest marginal cost