The Mexican Senate unanimously passed the General Climate Change Law last Thursday evening, 19th of May, making it the first developing country to pass a law with comprehensive long-term objectives for combating climate change.
Mexico’s General Climate Change Law outlines the following goals:
A reduction in carbon emissions by 50% by 2050.
35% of Mexico’s electricity comes from renewable energy sources by 2024.
The establishment of the National Institute of Ecology and Climate Change, a research and development institution.
The creation of a foundation for raising and channeling public, private, national and international financial resources for carrying out relevant projects.