26 Apr '12, 1pm

Latin America Report: Mexico Climate Law Takes Shape

The legislation easily passed the Senate and it now moves to the desk of President Felipe Calderon, who is expected to sign it into law. The law will require a 30 percent reduction in greenhouse gases measured against a “business as usual pathway,” which is essentially the projected level had no changes been made. That target moves to 50 percent below 2000 levels by 2050. The nation will also be required to get 35 percent of its energy from renewable sources by 2024. According to the International Monetary Fund, Mexico had the 14th largest economy in the world in 2011 and the second largest in Latin America. There are many reasons Mexico moved so uniformly in this direction, but the two biggest factors are the recent drought that has devastated parts of the country and the growing confidence that renewable energy can spur economic growth. IN THE NEWS Opening Brazil’s Solar...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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Latin America Report: Mexico Climate Law Takes ...

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