Carbon bonds evolution and controversies in Mexico

Abstract

In this article the objective was to highlight the importance of the carbon bonds. Which are economic and market instruments created to reduce the effect of greenhouse gases and contribute to mitigate climate change. Carbon bonds are commercial certificates that represent the avoidance or elimination of the equivalent of one ton of carbon dioxide emissions. The proposal of the Mexican government was projected to diminish by 2020 black carbon emission in 51% and diminish to 22% by 2030, using actions as an example: to increase the adaptative capacity and zero rates of deforestation. The development and commercial banking industries have issued 24 types of bonds: social, green, and environmental. There is a Mexican carbon platform, it is funded by the Stock Market MexiCO2 group. Its objective is to create environmental markets through social and financial instruments, such as: carbon bonds, that offer payments of taxes approved through the carbon bonds purchase. The bonds market accumulated 53,000 million of pesos in 2020. Because of the covid-19 pandemic, there was a rebound in gas emissions and green house effect and an imbalance in the carbon bonds market.