Publikation:
The Mexican Emission Trading System and the Electricity Market

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dc.contributor.authorGraichen, Jakob
dc.contributor.authorInclan, Carolina
dc.contributor.authorLa Hoz Theuer, Stephanie
dc.contributor.organisationOtherÖko-Institut. Büro Berlin
dc.contributor.organisationOtherAdelphi-Consult GmbH (Berlin)
dc.contributor.organisationalEditorDeutschland. Umweltbundesamt
dc.contributor.otherGibis, Claudia
dc.date.accessioned2024-06-16T13:34:08Z
dc.date.available2024-06-16T13:34:08Z
dc.date.issued2021
dc.date.submittedReport completed in: February 2021
dc.description.abstractDieser Bericht analysiert die Wechselwirkungen zwischen dem mexikanischen Emissionshandelssystem und dem Strommarkt entlang zweier Hauptfragen: 1) Wie könnten sich die Designmerkmale des Emissionshandelssystems auf die Qualität des Preissignals für Zertifikate auswirken? Und 2) Wie beeinflussen Marktdesignmerkmale und zusätzliche Regulierungen im mexikanischen Stromsektor die durch den Zertifikatspreis induzierten Emissionsminderungen? Das mexikanische Emissionshandelssystem (ETS) startete im Jahr 2020. Die ersten drei Jahre sind als Pilotphase vorgesehen. Explizites Ziel dieser Phase ist es, Erfahrungen bei der Implementierung eines ETS in Mexiko zu sammeln. Zum Zeitpunkt der Erstellung dieses Berichts war der erste Compliance-Zyklus noch nicht abgeschlossen und es gab - aufgrund der spezifischen Regeln für die Pilotphase - noch keinen CO2-Preis. Der mexikanische Strommarkt befindet sich in einer Phase großer Unsicherheit, sowohl in Bezug auf die Regulierung des Strommarktes selbst als auch in Bezug auf das ETS. Es bleibt abzuwarten, inwieweit die Energiereform von 2014 rückgängig gemacht wird und welches Ambitionsniveau die zukünftige Klimapolitik haben wird. Zusammen mit den Sonderregelungen während der Pilotphase des mexikanischen ETS ist es unwahrscheinlich, dass das Handelssystem kurzfristig einen spürbaren Einfluss auf Nachfrage, Angebot oder Investitionen haben wird. Diese Fallstudie ist Teil des Projekts "Influence of market structures and market regulation on the carbon market", welches zum Ziel hat, die Auswirkungen der Marktstrukturen und Regulierungen auf CO2-Märkte zu identifizieren und die Abhängigkeiten von CO2- und Energiemärkten in Europa, Kalifornien, China, Südkorea und Mexiko zu untersuchen. Quelle: Forschungsberichtde
dc.description.abstractThis report analyses the interaction of the pilot Emissions Trading System (ETS) and the electricity market in Mexico. It does so along two main questions: a) How do ETS design features affect the environmental effectiveness of the system and the quality of the carbon price signal? b) How do electricity market design features affect the carbon price induced abatement in the power sector? Due to the absence of a carbon price during the pilot phase of the Mexican ETS, the assessment is based on expected effects based on publicly available data and expert interviews. The Mexican emissions trading scheme (ETS) started operation in 2020. The first three years are designated as a pilot phase with the expressed aim to gather experience in the implementation of an ETS in Mexico. At the time of writing, the first compliance cycle had not yet been finalized and - due to the specific rules for the pilot phase - there was not yet an established CO2 price. The Mexican electricity market is undergoing a period of great uncertainty, both in terms of the regulation of the electricity market itself but also in term of the ETS. It remains to be seen to which extent the energy reform of 2014 will be rolled back and which level of ambition the future climate policy will have. Together with the special rules during the pilot phase of the Mexican ETS it is unlikely that the trading system will have a noticeable impact in the short term on demand, supply, or investments. This case study is part of the project "Influence of market structures and market regulation on the carbon market" that aims to identify the impact of market structures and regulations on carbon markets and to investigate the interdependencies between carbon and energy markets in Europe, California, China, South Korea, and Mexico. Quelle: Forschungsberichten
dc.description.abstractElectricity generation is the largest source of greenhouse gas emissions in many countries. Most emissions trading systems (ETS) therefore address emissions from electricity generation. The de-sign of an ETS and the structure and regulation of the electricity sector have a large impact on the environmental effectiveness and the quality of the carbon price signal. This report analyses the potential interaction of carbon and electricity markets in Mexico. The Mexican ETS started as pilot scheme in 2020 with the aim to gather experience in the implementation of an ETS without having impacts on the economy. Due to this, no carbon price has been established yet and the political uncertainty about future climate and energy policy is high. While it is unlikely that the trading sys-tem will have a noticeable impact in the short term on demand, supply, or investments, a carbon price has the potential to spur renewable energy growth under an appropriate electricity market regulation. The potential for short-term fuel switching is low, as natural gas is already the cheapest fossil fuel in the merit order.This case study is part of the project “Influence of market structures and market regulation on the carbon market” that aims to identify the impact of market structures and regulations on carbon markets and to investigate the interdependencies between carbon and energy markets in Europe, California, China, South Korea, and Mexico.en
dc.format.extent1 Onlineresource (61 pages)
dc.format.mediumonline resource
dc.identifier.doihttps://doi.org/10.60810/openumwelt-2670
dc.identifier.urihttps://openumwelt.de/handle/123456789/3290
dc.language.isoeng
dc.publisherUmweltbundesamt
dc.relation.ispartofseriesClimate Change
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectEmissionshandel
dc.subjectRegulierung
dc.subjectemissions trading
dc.subjectelectricity markets
dc.subjectRegulation
dc.subject.ubaThemeClimate | Energy
dc.titleThe Mexican Emission Trading System and the Electricity Market
dc.typeForschungsbericht
dc.typeMonographie
dc.type.dcmitext
dc.type.mediumcomputer
dspace.entity.typePublication
local.audienceScience
local.bibliographicCitation.number2021/62
local.bibliographicCitation.publisherPlaceDessau-Roßlau
local.collectionClimate Change / Umweltbundesamt
local.contributor.authorId00427223
local.contributor.authorId02188535
local.contributor.authorId02186331
local.contributor.otherId02154000
local.identifier.catalogId02486543
local.identifier.cmsId90577
local.identifier.fundingIndicator3718420020
local.identifier.standardizedFundingIndicator37184200
local.ingest.catalogBCnumber62/2021
local.ingest.cmsCreatedOn2021-10-08T09:43:39
local.ingest.cmsModifiedOn2021-10-08T10:03:08
local.ingest.cmsStateChangedOn2021-10-08T10:03:07
local.ingest.cmsStateNewLive (veröffentlicht)
local.ingest.cmsStateOldIn Erstellung/Bearbeitung
local.ingest.cmsStateRevisionId156817
local.ingest.leader10461nam a2200000uu 4500
local.jointTitleTHE MEXICAN EMISSION TRADING SYSTEM AND THE ELECTRICITY MARKET INFLUENCE OF MARKET STRUCTURES AND MARKET REGULATION ON THE CARBON MARKET CASE STUDY REPORT
local.newsletter0
local.sourcecatalog
local.sourceenriched with cms, Id: 90577 at 2024-06-18T15:41:27.678419
local.source.urihttp://www.umweltbundesamt.de/publikationen/the-mexican-emission-trading-system-the-electricity
local.subject.researchIndicator42
local.subtitleinfluence of market structures and market regulation on the carbon market : case study report
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