Mexico announces launch of cap-and-trade pilot program

08/15/16 Reuters

 

Mexico-pollutionMEXICO CITY Mexico will launch a year-long simulation of a cap-and-trade program in November, Mexican officials said on Monday, in a test run for a national carbon market expected to launch in 2018.

The pilot program will involve the voluntary participation of up to 60 companies, giving them a chance to adapt to a forthcoming carbon credit system in which polluters will be obligated to offset emissions with tradeable certificates.

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