June 8, 2009
Mexico to Cut Greenhouse Gas Emissions
Mexico’s President Felipe Calderon announced that Mexico will voluntarily cut its greenhouse gas emissions by 50 million tons a year by 2012 through the use of more efficient cars and power plants as well as reductions in gas leaks and flaring by the oil industry, reports Reuters. The cut represents approximately 8 percent of the country’s emissions, according to the environment ministry.
Mexico, the second-largest emitter of greenhouse gases in Latin America, accounts for about 1.5 percent of the world’s emissions of greenhouse gases with the country’s state-run oil industry as a major emitter, reports Reuters.
Emissions grew 25 percent in 2008 to 54.9 million tons due to increased natural gas flaring and venting, according to state oil company Pemex. The company is working to reduce flaring to 3 percent of gas production this year by installing new gas handling capacity and plans to spend $2.4 billion through 2012 to cut emissions from offshore platforms.
In April, President Barack Obama and Mexican President Felipe Calderon agreed to a new partnership to fight climate change and promote environmentally-friendly forms of energy production. Mexico also recently proposed a global climate change fund with each nation paying in based on their population, gross domestic product and greenhouse emissions as an alternative cap-and-trade system favored by the European Union and the U.S.
Supporting Mexico’s plans to protect the environment, Mexican billionaire Carlos Slim recently launched a $100-million green project through a joint partnership with the Mexican government and the World Wildlife Fund to protect Mexico’s environment, reports Google news.
The goal is to foster sustainable development.
The project targets six key regions, which represent 30 percent of the country and funding from both the public and private sectors will later increase, said Mexican Environment Secretary Juan Rafael Elvira Quesada, reports Google news. The regions are the Gulf of California, the Chihuahuan desert, the Mesoamerican Reef, Oaxaca, the Monarch Butterfly Region and Chiapas, including the Lacandona Forests and El Triunfo reserve.
Advertisers
Stay competitive through sustainability.
Find out how at the SAP Sustainability Resource Center. >>
EFFECTIVELY MANAGE WATER COMPLIANCE
Understand how increased enforcement may affect your company. Find out more >>
EPA mandatory emissions reporting starts Jan 1st
CSA Standards can help your organization get ready for compliance. Find out how. >>
Join the Discussion
Recent Daily News [ see all ]
- 11/06/2009
- 11/05/2009
- 11/04/2009
- Emissions Intensity Falling Globally
- JohnsonDiversey Ups GHG Reduction Target to 25%
- Sainsbury’s Offers Free London Electric Car Charging
- Carbon Trading Could Trigger a ‘Sub-prime Style’ Economic Crash
- Peabody, Exxon Accused of Undermining Climate Talks
- BMW, Toyota, Ford Tout Eco-cars
- In ‘Apathy Gap,’ Energy Efficiency at Home Ranks Low
- China Pushes for CO2 Storage, Not Emissions Reductions
- Clean Tech VC Funding On Rebound, Up 50% Since 2nd Quarter
- IECC Building Code Recommendations Add Up to 30% in Energy Efficiency Gains
- Disney Buys $7M in Reforestation Offsets, a Corporate Record
- McKesson to Save $300K Via Fuel-Efficient Vehicles
- Sprint to Save $2.1M With Eco-Friendly Packaging
- U.S. Export-Import Bank Adopts Carbon Policy to Support Renewable Energy
- Greening the Automotive Supply Chain
- Yokohama Rubber Cuts GHG Emissions 13.4% in 2008
- Electronics Industry Lawsuit Called ‘Attack on States’ Rights’
- Wal-Mart Adding LEDs to 650 Stores
- One Committee Down for Senate Climate Bill, Five More to Go
- EU Poised to Give Heavy Industry Free Carbon Permits
- ResponsibleTravel.com Scuttles Carbon Offsetting Option
- U.S. Cap-and-Trade Creates Winners and Losers among Largest Emitters
- DOE Awards $155M to Make Industrial Sector More Energy Efficient
- System Upgrades Power Up Energy Savings for Hotels
- Xerox Cuts GHG Emissions by 20% from 2002
- Waste Management Landfill Gas Project Complete
- Intel, Pepsi, Kohl’s Stay Atop Green Power Partnership list
- Wal-Mart Thinks Big With Smaller Stores
- Despite Critics, Gore ‘Proud’ to Invest in Green Firms
- Metal Recyclers Spar Over Ship Recycling Site
Industry Voices [ see all ]
A Roadmap for a Renewable Energy Partnership
Brad Cashaw
Vice President
Quaker Foods and Snacks Supply Chain and Sustainability
Forest Carbon Core to Climate Change Deal
Chris Elliott
Forest Carbon Initiative Lead
World Wildlife Fund
VCS and CarbonFix Tops in Review of Forestry Carbon Standards
Paulo Lopes
Carbon Management Consultant
Carbon Clear







Reader Comments
Glad to see our world’s politicians taking this problem seriously. Without global cooperation, we’ll never be able to stop climate change, which has already started to adversely impact China and the Caribbean, according to Newsy.com.
Daniel | June 8th, 2009