Mexican President's Party Promotes Bill To Tax Carbon Emissions, Add Cap-and-Trade

摘要

MEXICO CITY-Mexican President Felipe Cal-deron's political party is lobbying to pass as early as October a climate change bill that could tax companies for their carbon dioxide emissions, sparking concern from Mexico's industrial sector.rnThe General Climate Change Law would create a permanent commission to decide on an emissions cap-and-trade system, to oversee ambitious mitigation actions, and to fine government officials who do not carry out those actions. The legislation also would phase out extensive fossil fuel subsidies by 2015, leaving gas at international market prices.