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MEXICO ADOPTS BINDING CLIMATE TARGETS

06/11/2012

Mexican president Felipe Calderon signed into law a bill adopting binding targets on greenhouse gases last week. Mexico is ranked 12th among the world’s highest carbon emitting countries, although it accounts for only 1.5 percent of global emissions. The measure was passed by the Senate by 78 votes to none in April and commits the nation to a 30 percent greenhouse gas emission reduction by 2020 and a 50 percent reduction by 2050. In addition, the law will require renewable energy to account for 35 percent of Mexico's energy mix by 2024 and will establish a permit trading scheme. Mexico joins Peru as the most recent nations to introduce climate change initiatives. Peru, which says it has already felt the effect of climate change in its melting glaciers and record rainfall, passed a resolution in April. Peru's plan is similar to South Africa's and aims to reduce illegal logging, add more renewables to its energy mix, and move toward a lower-carbon economy. For the full story, see http://www.bbc.co.uk/news/world-latin-america-18345079 and http://www.ibtimes.com/articles/349422/20120606/mexico-climate-change-calderon-carbon-greenhouse-emission.htm. Earlier: http://elr.info/International/update/4.30.12.internationalupdate.cfm.