The Mexican Government just now announced it will reduce its emissions by 50 percent of 2002 levels by the year 2050. It will do so through a national trans-sectoral cap-and-trade programme that would be operational by 2012. It will focus on oil, cement, electricity and steel. The sectoral scheme is being designed in collaboration with the Center for Clean Air Policy (CCAP).
Sectoral approaches are part of the Bali Action Plan as a pathway for developing countries to establish nationally appropriate mitigation actions. Mexico is a non-Annex 1 country, yet a member of the OECD and NAFTA. It is one of few developing countries that have the capacity to be first movers in joining Annex 1 countries in setting targets and timetables as a means of addressing climate change. The announcement marks progress from this years G-8 summit in Hokkaido where Mexico and other developing countries refused to commit to a halving of emissions by mid-century along with their developed country counterparts