Carbon offset services
Carbon offsets are instruments used to measure greenhouse gas (GHG) emissions that are avoided, captured, or reduced through projects like reforestation, afforestation, carbon capture, and energy efficiency increments. These credits offset the GHG emissions generated in your operations, so you can meet your emission reduction obligations, as well as get voluntary emission offsets.
Mexican Emissions Trading System
The Mexican Emission Trading System regulated by SEMARNAT will become mandatory in 2023 for industrial and energy companies that generate 100,000 or more direct CO2 metric tons per year.
The Mexican ETS will function based on the ‘cap and trade’ principle aligned with Mexico’s climate goals. Carbon offsets can be used by companies to comply with the year-on-year regulatory requirements, which tend to reduce the emissions allowed to be generated by an industrial facility.
Renewable Energy Markets
Electricity generated from renewable energy sources is acknowledged to have zero GHG emissions. I-RECs and CELs (applicable for the Mexican Wholesale Energy Market) are tradable digital certificates that represent one-megawatt hour (MWh) of energy produced this way. End-users can claim that energy or instead buy certificates in the market in order to achieve their emission reduction targets.