Carbon Markets Local Partner and Sub-Partner Outreach Request for Information

USAID seeks to design a new potential activity focused on supporting Mexican actors' efforts in strengthening the voluntary carbon market system in Mexico. Over the past decade, Mexico has demonstrated leadership in addressing climate change through initiatives such as the General Climate Change Law (GCCL) enacted in 2012 and the introduction of a carbon tax in 2014, a pioneering carbon pricing mechanism in Latin America. In 2020, Mexico’s Ministry of Environment and Natural Resources (SEMARNAT) expanded on these efforts with the launch of the first emission trading scheme in Latin America. The purpose of USAID’s potential new activity would be to identify and support policy levers and other measures that could support a just and equitable expansion of the voluntary carbon market in Mexico, aligning with climate objectives under the GCCL and the Paris Agreement.