·        Mexico supports this initiative because it will reduce global carbon consumption and encourage economic agents to invest in more efficient processes, he explained. 

·        Energy Reform has sustainability criteria, including the use of clean energies such as geothermal, wind and solar energy, he said.

Speaking at the Carbon Pricing Panel as part of the work of the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21), President Enrique Peña Nieto said that, "Mexico considers that carbon pricing is an effective measure for reducing greenhouse gas emissions and promoting the use of cleaner fuels.

Addressing the leaders of countries that have made the greatest progress in carbon pricing such as Germany, Canada, Chile and France in a panel chaired by World Bank President Jim Yong Kim, the president declared that our country supports the initiative regarding this issue.

He explained that Mexico supports it because it will help reduce global carbon consumption and stabilize the Earth’s temperature. The economic rationale is clear: setting a real price on carbon will reduce consumption and encourage economic agents to invest in more efficient processes and a cleaner, more sustainable energy mix,” he added.

The president said that the transition to a low carbon economy is a responsibility shared by everyone: governments, organizations, companies and civil society, adding that Mexico’s National Development Plan promotes inclusive green growth, while generating wealth, protecting natural resources and promoting social development.

He went on to say that in Mexico, we have achieved, “Energy reform with sustainability criteria, including the use of clean energies, especially those with the greatest potential: geothermal, wind and solar.”

Pointing out that, “For Mexico, climate change is a challenge countries must face with full responsibility,” the Mexican president stressed that our country, “Is committed to this international cause, and we are therefore taking concrete measures and promoting public policies  in favor of the environment and sustainable development.”

By way of an example, he cited the 2013 adoption of the carbon tax on fossil fuels for those with higher emissions that those of natural gas and progress in the creation of the carbon market.

The tax, he explained, is designed on the basis of international best practices and is applied to each type of fuel, depending on its specific carbon content. It also seeks to reduce carbon emissions and increase resources to promote action on climate change.

He explained that Mexico was the first developing country to present its Intended Nationally Determined Contribution (INDC), which includes, “Reducing greenhouse gas emissions by 22 per cent and carbon black emissions by 51 per cent by 2030.”

Mexico has also pledged to generate 35 percent of energy from clean sources by 2024 and 43 percent by 2030. The president added that it now has a General Law on Climate Change.

In his last activity within the framework of the World Summit, prior to his return to Mexico, President Peña Nieto stated that Mexico promotes international cooperation, including investments in the Green Climate Fund and the Global Environment Fund.

He said that he, “Hoped that the nations gathered here today at this COP21 will advance a broad agreement that will enable us to mitigate the adverse effects of climate change and decouple economies from the emission of pollutants.”

He stated that Mexico, “Is fully convinced that this COP21, under France’s leadership, will allow the countries participating in an unprecedented call, such as the one we are witnessing, to really achieve binding agreements, deep commitment, so that this will be a generation that makes it possible for Mexico and the whole world, to have a better world in the 21st Century.”

For the first time in 20 years, we are looking at the possibility of achieving a universal, binding agreement to limit global warming to two degrees, he said.

The president also participated in the “Mission Innovation” Initiative panel, to which Mexico belongs, which is designed to accelerate public and private investment in green energy, chaired by French President François Hollande with his US counterpart Barack Obama. Participants included businessman and activist Bill Gates, and Prime Minister of India, Narendra Modi. President Peña Nieto recalled that in Mexico, during the first three years of this administration, 2013-2015, federal spending on science and technology has exceeded 239 billion pesos, nearly twice what was invested during the first three years of the previous administration.

Before leaving for Paris airport, President Peña Nieto visited the Mexico pavilion installed in COP21, which displays fundamental aspects of our country to benefit the environment.