This Open Access book provides detailed information about the incoming Mexican Emissions
Trading System including an analysis on why the system was implemented how the system was
designed how it operates how it could work and how it could be strengthened by 2023 when it
will be formally launched. This document is aimed at those who want to understand how an ETS
can operate in an emerging economy. Although it has been written for experts and non-experts
this book does not provide the underlying theory of market-based instruments and emissions
trading systems in general. The book can be read from start to finish but can also be used as
a reference for specific components of regional ETSs. The book draws upon a meticulous study of
background documents and fieldwork from different authors to tell the story of how a Mexican
ETS the first of its kind in Latin America can be set in the country. The emissions trading
system cover many greenhouse gas emissions and has been hailed as one of the cornerstones of
the Mexican climate policy. The book also examines and explains how the ETS is designed and
implemented.
