Lifecycle
- Effective
- Last change
Country / jurisdiction: Mexico · Year: 2014 · Status: In force · Level: National · Type: Voluntary
A carbon tax was introduced in Mexico for fossil fuel production. Its base rate is USD 3.5/tCO2 and offsets are allowed through Certified Emission Reductions (CERs) units from Kyoto Protocol's Clean Development Mechanism (CDM) registered projects.
The tax is not based on the full carbon content of fuels, but rather on the additional amount of emissions that would be generated if the fossil fuel were used instead of natural gas. Natural gas is entirely exempted.
Official source: https://apps1.semarnat.gob.mx:8443/dgeia/informe15/tema/recuadros/recuadro5_7.html
Source
https://www.iea.org/policies/16937Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.