Of the three countries in NAFTA, Mexico seems to care the most about the environment. The country just passed a strong law that will product the environment and aim to cut carbon emissions.
The new law contains many sweeping provisions to mitigate climate change, including a mandate to reduce emissions of carbon dioxide by 30% below business-as-usual levels by 2020, and by 50% below 2000 levels by 2050.
Furthermore, it stipulates that 35% of the country’s electricity should come from renewable sources by 2024, and requires mandatory emissions reporting by the country’s largest polluters. The act also establishes a commission to oversee implementation, and encourages development of a carbon-trading scheme. Although there was initial resistance from Mexico’s steel and cement industries, the bill passed with bipartisan support.