Mexico allows CER bonds as CO2 tax payment

摘要

Mexico’s senate has added a clause to the country’s 2014 financial budget that would allow taxpayers to pay for a new CO2 tax with UN certified emission reduction (CER) bonds. The law could raise 14bn pesos ($1.1bn) in revenues. The government last year formed a new department within the envi-ronment ministry that will oversee UN clean development mechanism (CDM) projects. High-profile CDM projects include methane-to-power developments from the agriculture ministry that aim to supply power to farmers not connected to the power grid. State-owned Pemex would also qualify for the CER payment scheme because of its cogeneration and flar-ing reduction projects.