By Greentech
Lead Team: Mexico and the U.S. have signed a technical collaboration agreement
on Sustainability and Climate Change. Both nations will invest $70 million for
the Binational Cooperation Program of Climate Change Towards 2016.
The
investment of $70 million will be distributed among USAID’s Mexico
Low-Emissions Development Program (MLED) and The United
Nations’ REDD+ Program.
USAID’s
Mexico Low-Emissions Development Program supports Mexican efforts to develop
and implement a Low-Emissions Development Strategy (LEDS) and strengthen
systems for Monitoring, Reporting and Verification (MRV) of emissions across
all emitting sectors of the economy.
MLED will
promote the adoption of clean energy technologies and best practices through
the development of energy policies, financing mechanisms, and institutional and
technical capacity in Mexico.
The United
Nations’ REDD+ Program is an effort to create a financial value for
the carbon stored in forests, offering incentives for developing countries to
reduce emissions from forested lands and invest in low-carbon paths to
sustainable development. The REDD+ Program has the role of conservation,
sustainable management of forests and enhancement of forest carbon stocks.
United
States Agency for International Development (USAID) and the Mexican Secretary
of Environment and National Resources (Semarnat) will lead the program.
Civilian organizations and the private sector will also be collaborating in the
Program.