Publications

In a context marked by the absence of the U.S. and geopolitical divisions, COP30 seeks to move from ambition to measurable action, with concrete progress on national climate goals, financing, forest conservation, climate adaptation, and international carbon markets.

In this global scenario where very little is certain, the transition to a decarbonized economy is also being called into question. The US decoupling in climate policies and the promotion of renewable energy seems clear.

Climate policies have reduced emissions and advanced low-carbon technologies but still fall short of meeting global goals. Achieving the transition toward decarbonization requires effective, context-specific policy mixes, with carbon pricing well-coordinated with subsidies and regulations playing a key role.

Reality is a stubborn beast. 2024 turned out to be yet another year in which greenhouse gas emissions grew globally (2% according to Global Carbon Budget 2024), with energy efficiency gains or the penetration of renewables in the energy mix failing to counter the effect of increased economic activity.

With less than a month to go before world leaders convene in Azerbaijan for COP29, a pivotal topic has emerged at the core of the upcoming negotiations: finance.

This article examines the potential of the carbon market in Mexico, focusing on three key instruments: an emissions tax, a voluntary market, and emissions trading systems.

Today, March 21, marks 30 years since the United Nations Framework Convention on Climate Change (UNFCCC) entered into force. To mark the occasion, we take stock of the key events and actions that have shaped the international climate agenda.