Showing posts with label cap-and-trade program. Show all posts
Showing posts with label cap-and-trade program. Show all posts

May 19, 2012

South Korea's new climate law signals global momentum to curb climate change

By Jennifer Andreassen

South Korea's new climate law will establish a cap-and-trade system covering about 60 percent of the country's greenhouse gas emissions.

South Korea today became the first country in Asia to pass climate change legislation that limits the country's carbon emissions, joining the host of countries around the world that also have passed climate laws. (Only weeks ago Mexico passed a climate bill that aims to increase renewable energy use, set ambitious goals to curb domestic emissions and establish a high-level climate commission authorized to create a domestic carbon market.)

April 29, 2012

Mexican Senate passes national climate law after passing the House: continuing to act at home

The Mexican Senate passed the national climate law that recently passed the Mexican House.  The bill now awaits the signature of President Felipe Calderón who is expected to sign the bill into law.  This law sends a strong signal that Mexico will continue to implement actions to reduce global warming pollution now and into the future.  It sets in place the foundation for even greater action by Mexico under future Administrations**.

The bill passed both the Mexican House and Senate with large majorities, showing the multi-party support for climate action in Mexico.  The Senate passed the bill 78-0 and the House passed it by a vote of 280-10 with one abstention.