On June 3, 2013, Mexico's Ministry of Environment and Natural Resources ("SEMARNAT") published in the Official Gazette of the Federation the National Climate Change Strategy (the "Strategy"), which constitutes the country's main national policy instrument for its transition to a sustainable and low carbon dioxide ("CO2") emissions economy.
The Strategy describes the strategic areas and lines of action to be followed by the three levels of government and society at large in order to challenge national climate change-related priority issues in the long term. Likewise, it strengthens the actions proposed by Mexico's last administration (2006-2012) in order to combat this phenomenon.
These lines of action establish relevant guidelines for the productive sector, such as the inclusion of climate change-related criteria in national legislation, as well as the access for Mexican society to environmental damage reparation schemes1 caused by companies with operations in the country. The Strategy also forecasts the development of fiscal policies as well as of economic and financial instruments for those companies that engage in the transition to sustainable productive processes, the development of legal instruments on the matter of territory's management in order to achieve the sustainable exploitation of Mexican ecosystems, and an acceleration of the energy sector's transition to clean energy sources, among others.
The issuance of the Strategy constitutes the Federal Executive Branch's compliance with provisions established in Mexico's General Climate Change Law ("GCCL"), which foresees that the Strategy shall be developed by SEMARNAT along with Mexico's National Ecology and Climate Change Institute in order to take the necessary actions against the country's contribution to climate change phenomena.
The Strategy replaces the one in force in Mexico from 2007 to 2012, as the new National Development Plan (2013-2018) includes among its objectives, "the strengthening of climate change and environmental protection national policy in order to position Mexico as a competitive, sustainable, resilient and low carbon economy."
The Strategy is divided in three chapters: (i) climate change national policies pillars; (ii) adaptation to the effects of climate change; and (iii) low emissions development.
Pillars of Climate Change National Policies
The Strategy's first chapter describes six strategic pillars and lines of action to be...