1. What is the Mexico ETS?
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Hello! I am Kazuno, the representative of Lightyear Mexico.
In recent years, Mexico has become the ninth largest emitter of greenhouse gases (GHG) in the world, and interest and awareness regarding GHG reduction among the government and citizens have significantly increased. Efforts towards the full implementation of the Mexico ETS (Emissions Trading System) have already begun, and future developments are being closely watched.
So, what is the Mexico ETS???
ETS stands for "Emissions Trading System." This is a system where the government allocates emission allowances to companies and facilities, mandating them to stay within those limits.
- Companies that exceed their allowances must purchase the shortfall from other companies.
- Conversely, companies that manage to reduce their emissions and have surplus allowances can sell those allowances in the market.
This system aims to reduce overall GHG emissions by utilizing market mechanisms.
In the future, Japanese companies operating in Mexico may also be required to:
- Comply with emission allowances (manage emissions at factories and facilities)
- Respond to emissions trading (procure shortfall allowances and utilize surplus allowances).
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In recent years, Mexico has become the ninth largest emitter of greenhouse gases (GHG) in the world, and there is a growing concern and sense of urgency regarding greenhouse gases among both the government and the public. Efforts towards the full implementation of the Mexico ETS (Emissions Trading System) have already begun, and future developments are being closely watched.
This time, let's take a look at Mexico's initiatives for GHG measures and the impact they have on us, Japanese companies!
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