Mexico becomes second country in the world to pass climate change law
The Mexican House of Representatives and Senate passed the Climate Change Act in mid-April 2012, and it will take effect after President Felipe Calderon signs it. Mexico is the second country to pass a climate change bill after the United Kingdom, and the first country in the developing world to pass a climate change bill. The decree gives the country the obligation to reduce carbon dioxide, clearly stipulating that Mexico must reduce carbon dioxide emissions by 30% by 2020, and reduce carbon dioxide emissions by 50% by 2050. In addition, the proportion of renewable energy power generation must reach 24% by 2024. The decree also regulates policy tools to promote various carbon reductions, such as renewable energy incentives, petrochemical phase-out subsidies and carbon trading mechanisms... etc. The World Wide Fund for Nature (WWF) strongly agrees with the Mexican government's approach and believes that this law will make Mexico a model for emerging economies. Keith Allott, director of WWF UK, said that 40% of the population in Mexico are poor, which shows that the Mexican government and Congress have recognized the world trend. If they fail to curb carbon emissions and develop renewable energy, it may be difficult to solve the poverty problem. Source: Business Green(2012-04-20)