In Mexico, to promote the implementation of emerging bike lanes, local governments have been supported technically to strengthen and promote emerging bike lanes projects as a joint effort between Climate Policy Meets Urban Development” (CPMUD) and Climate Protection in Mexican Urban Policy (CiClim). These are projects commissioned by Germany’s Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) as part of the International Climate Protection Initiative (IKI).
The CiClim project is supporting Mexico to achieve the Sustainable Development Goals (SDGs) of the 2030 Agenda, within the framework of the 4S Mobility Plan (Healthy, Safe, Solidarity and Sustainability) of the Ministry of Agricultural, Territorial and Urban Development (SEDATU). The issue of emerging bike lanes is placed within SDG 11 – “Sustainable Cities and Communities”, which seeks to build cities that are more humane, liveable, green and capable of facing the challenges of climate change.
Emerging bike lanes have been key to the mobility of people and goods during the current context of the pandemic. Consequently, bicycles have become a mode of transport that adapts to the situation of the pandemic, reducing congestion from car use, reducing emissions, and improving air quality. In addition, it is an accessible transport model for a greater part of the population, an important factor in times of economic crisis derived from the pandemic. Likewise, the bicycle will contribute to the green recovery of cities.
Currently, the CiClim project, in conjunction with CPMUD, supports the Mexican government in the implementation of temporary bike lanes in three cities in the center and north of the country (León, Guanajuato; Torreón, Coahuila; and San Nicolás de la Garza, Nuevo León). The three cities were selected through a contest that was organized in conjunction with SEDATU and is expected to cover just over approximately 27 kilometers.
Finally, many of the bike lanes are expected to become permanent infrastructures in favor of a green recovery that promotes the sustainability of cities.
The project “Restoration of the Mangrove Landscape; An Opportunity for Social Development at the Ramsar site, Alvarado Lagoon System, Veracruz”, implemented by Pronatura Veracruz A.C with financing granted by the German Government’s Federal Ministry of the Environment, Nature Conservation and Nuclear Safety (BMU), through the International Climate Initiative (IKI), has supported the restoration of more than 200 hectares of mangrove forests. The effectiveness of mangrove recovery requires transforming society’s relationship with the mangroves, as well as the goods and services they provide us. Environmental education and awareness have a central role in this process. Children and youth in local communities are key agents in adapting to climate change and in building resilient socio-ecosystems.
In Goal 13 of the 2030 Agenda, Climate Action, the importance of education, awareness, and the human capacity for adaptation and mitigation to climate change is denoted. These principles are fundamental to ensure compliance with the goals of ecological restoration of mangroves.
Thus, our project works with rural schools near areas of ecological restoration and harnessing of sustainable materials. This has made it possible to integrate the participation of young people from the ejido (communal land) that owns the mangrove swamp, who will play a key role in future decision-making regarding the ecosystem. To date, more than 93 young people have participated, alongside the 11 teachers and parents who supported the activities.
Education and awareness-raising come with the challenge of adapting methods and designing innovative materials that can be appropriated by the communities. An example of these materials is Pro-Manglar, a board game designed to encourage reflection on the importance of mangroves, the threats presented to them, and actions to preserve them.
The characters in Pro-Manglar are emblematic fauna species for the local culture and economy, such as the swamp crocodile (Crocodylus moreletii) or the blue crab (Callinectes sapidus). Likewise, the game’s graphics refer to the motifs and patterns used throughout generations by the communities of the Alvarado Lagoon System in their textiles and pottery. This allows a sense of identity to be formed around the conservation and restoration of mangrove forests.
The project Integration of Biodiversity in Mexican Agriculture (IKI-IBA), jointly implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Ministry of Agriculture and Rural Development (AGRICULTURA) aims to recognize and integrate the value of biodiversity and ecosystem services into the decision-making and planning instruments of key public and private actors in the Mexican agricultural sector. Thus, the project contributes to SDG 2, 12, 15, and 17.
In the fight against hunger (SDG 2), work is being done with small agricultural producers to improve their productivity and promote their access to markets and value chains. Also, the development of financial mechanisms that respect the environment and ensure the provision of ecosystem services is promoted, in which the application of agricultural production practices that are friendly to biodiversity and the climate are key to sustainable and long-term production.
Meanwhile, the project promotes the development of sustainable management instruments and intersectoral coordination in addition to distributing information and knowledge that favor sustainable development (SDG 12).
One of the alliances to achieve the objectives (SDG 17) is based on a TEEB study, in which recommendations will be made for the integration of biodiversity in the agricultural sector’s policy and planning instruments; policy coherence will be supported for sustainable development.
Methodologies applied successfully at an international level are also adapted and implemented to strengthen the capacity of key actors in the use of information on the effects and dependencies between agriculture (including livestock and forestry) and biodiversity, allowing their integration into agriculture.
The IKI-IBA project contributes to the SDGs by working with the Mexican government in the framework of a process that guarantees food security and reduces negative impacts on the environment and people’s health, laying the foundations for adaptation to climate change.
If people had a crystal ball (one that worked), they would make decisions that would improve their life experience. Climate forecasts –although they do not have such power– can help us to be better prepared in the face of extreme weather events, such as floods, droughts, or hurricanes, that put our lives or belongings at risk. To support decision-makers and also the population of the Selva Maya, the meteorological services of Belize, Guatemala, and Mexico have joined forces and, together, are preparing seasonal forecasts for the Selva Maya region.
The actors began this collaborative process with the preparation of the first two quarterly editions of the Forecast in 2020 (May–July, and August–October). It intends to provide decision-makers at different levels with relevant information on the seasonal climate outlook of the Selva Maya region. This collaboration is carried out with the support of the Project “Fostering the Monitoring of Biodiversity and Climate Change in the Selva Maya Region”, implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), commissioned by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) and with funds from the International Climate Initiative (IKI).
As well as being important for the sustainable development of the Selva Maya region, this collaboration between the three countries –Belize, Guatemala, and Mexico– contributes to the implementation of the 2030 Agenda on a global level. Within the framework of the 2030 Agenda, several SDGs were defined, among others Climate Action (SDG 13). One of the goals of this SDG is to improve human and institutional education, sensitivity, and capacity to adapt, as well as mitigating the effects of climate change. As part of the efforts made at various levels to meet the goal, this regional forecast supports this SDG by providing information to better prepare decision-makers and the population in the face of climate change.
Thus, while there is no crystal ball to foresee the future, we are already working together to improve people’s lives.
The Working Group on Sustainable Livestock Agroecosystems of the State of Campeche (AGS-CAM), in Mexico, joined the National Network for the Promotion of the Social and Solidarity Economy (NODESS), an initiative promoted by the National Institute of Social Economy (INAES), in order to link sustainable livestock with the social economy and thus support livestock producers in the area.
The AGS-CAM is an inter-institutional group made up of the Biodiversity and Sustainable Agrosilvopastoralist Livestock Landscapes, known as BioPaSOS and implemented by CATIE (Tropical Agricultural Research and Higher Education Center), together with representatives of livestock producers, the Rural Development Ministry of the Executive Branch of the State of Campeche (SDR), the Ministry for the Environment, Biodiversity and Climate Change of the Executive Branch of the State of Campeche (SEMABICC), the Inter-American Institute for Cooperation on Agriculture (IICA), the College of the Southern Border (ECOSUR) Campeche Unit, the Postgraduate College (COLPOS) Campeche Campus, the China Technological Institute (IT China), the National Institute for Forestry, Agriculture and Livestock Research (INIFAP), PRONATURA PY, the National Forestry Commission (CONAFOR) and the National Commission of Natural Protected Areas (CONANP).
“By being part of NODESS we seek to promote and drive productive and organizational initiatives that foster a social and solidarity economy,” stated Edwin Pérez, local coordinator of the BioPaSOS project in Campeche.
Thus, a six-month work plan was developed to carry out actions that contemplate the strengthening of capacities in productive, administrative, and organizational matters in 10 communities of the municipalities of Escárcega, Champotón and Calakmul. “This period is part of a process that must be carried out to later be able to join the National System of Training and Specialized Technical Assistance (SINCA) of INAES”, explained Pérez.
The BioPaSOS project appears in this process as the promoter of AGS-CAM, since one of its purposes is to promote and strengthen this type of cooperative platforms in alliance with local actors interested in promoting sustainable livestock.
BioPaSOS is being implemented with the support of the Inter-American Institute for Cooperation on Agriculture (IICA), in coordination with the National Commission for the Knowledge and Use of Biodiversity (CONABIO) and the Ministry of Agriculture and Rural Development (SADER), with funding from the International Climate Initiative (IKI).
With the entry into force of the Test Program of the Emissions Trading System in Mexico (ETS), the project “Preparation of an Emissions Trading System in Mexico” (SiCEM) of GIZ is supporting SEMARNAT in the design of the various components, with one highlight being the design of the auction scheme for the Mexican ETS.
The preliminary bases of the Test Program state in its 20th article: “As of the second year of the pilot phase of the Test Program, the Ministry may implement an auction scheme for the emission rights deposited in the auction reserve without economic effects, depending on the behavior of the emissions market.”
Therefore, the study “Design of Auctions for the Emissions Trading System in Mexico” was carried out. This study is a first effort to establish scenarios that show what an auction scheme could look like for Mexico.
The analysis presents an overview of international best practices, the necessary elements in auction design, as well as technical and operational decisions that must be considered in the design process. For this purpose, four guiding principles were taken as a reference that include a broad review of the institutional structure in Mexico:
Efficiency: Efficient allocations and prices while maintaining low transaction costs for participants.
Simplicity: Reduction of administrative barriers for regulated participants, avoiding unnecessary complexity and achieving the qualification of a wide range of participating entities.
Credibility: Operation through a regulatory financial framework that safeguards effectiveness against inappropriate market behavior.
Compatibility: Compatibility with a broad design and objectives of the ETS including, but not limited to, future pricing prefeasibility, as well as international links.
Likewise, a preliminary analysis of the Mexican regulatory and institutional context was carried out, preliminarily identifying the relevant actors that would play a role in the implementation of the auction scheme and the regulations that could potentially to be adapted as a result of the implementation of the four proposed scenarios. These scenarios are mainly based on the following elements:
Monitoring auctions using existing government agencies (regulators) or outside vendors (independent).
Using the infrastructure of existing stock exchanges or use a new personalized platform.
Each of the proposed options represents advantages and disadvantages that will have to be further analyzed, but at the moment it is possible to list a series of recommendations for the design and subsequent operation of auctions guided by the aforementioned principles.
The presentation was carried out through a virtual session on August 10. This meeting was held within the framework of the project “Preparation of an Emissions Trading System in Mexico (SiCEM)” developed by GIZ and commissioned by the German Government in support of SEMARNAT. The session was attended by highly relevant institutions such as the Ministry of Finance and Public Credit (SHCP), the Mexican Stock Exchange (BMV), the National Banking and Securities Commission (CNBV), the Mexican Banking Association (ABM), Mexico2 and Laguna Sustentabilidad and Law. The study was developed by the Vivid Economics consulting team.
The Tourism sector, which contributes 8.7% of the national GDP, is reiterating its commitment to sustainable development by incorporating –for the first time– a climate change and biodiversity approach in the most important political instrument for the sector in the country.
Thanks to the collaboration of tourism specialists and citizen consultation, on July 3 of this year, the Federal Government published the Tourism Sector Program (PROSECTUR) for the period 2020-2024, which establishes actions that guarantee the balanced development of tourist destinations while prioritizing social justice, respect for human rights, cultural diversity, and the value of ecosystems.
In the words of Lic. Miguel Torruco Marqués, Tourism Secretary, it was emphasized that:
‘The new tourism development model formulates a comprehensive, inclusive vision of shared responsibilities with key actors, promoting concrete actions to face the various conditions presented to us by the tourism sector’
Among the actions concerning climate change and biodiversity, it is worth pointing out those included in Strategy 4, which promotes sustainable tourism. For example:
4.1.5 Promotion of the conservation and restoration of ecosystems and the strengthening of the capacity to adapt to climate change in tourist destinations.
4.1.6 Promotion of compensation mechanisms in the tourism sector for the development of Ecosystem-based Adaptation (EbA) measures.
4.2.5 Boosting risk analysis, vulnerability studies, and climate scenarios in the preparation of investment projects and new tourism developments.
4.3.2 Promotion of the incorporation of biodiversity and climate change criteria into institutional, regulatory, and public policy frameworks to promote sustainable tourism development.
While the Ministry of Tourism (SECTUR) has been an active participant in the Intersecretarial Commission on Climate Change (CICC) for several years and has, in turn, promoted concrete actions to address the challenges of climate change and the integration of biodiversity, this guiding document establishes priority and enforcement issues for the entire Mexican territory.
The GIZ in Mexico, through the project “Adaptation to Climate Change Based on Ecosystems in the Tourism Sector (ADAPTUR)” has collaborated with the SECTUR by providing technical advice for the incorporation of both approaches in the proposed actions, thereby contributing to compliance with the national goals.
The ADAPTUR project is part of the International Climate Initiative (IKI) and is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH at the request of BMU, alongside the SECTUR, the Ministry of Environment and Natural Resources (SEMARNAT), with the technical support of National Commission of Natural Protected Areas (CONANP) and the National Institute of Ecology and Climate Change (INECC).
To consult PROSECTUR and other tourism-related topics, please consult the following links:
In recent years, the Mexican agricultural sector has made significant progress in its legal and programmatic framework for a transformation towards a more sustainable agrifood system. Likewise, there have been important intersectoral coordination efforts framed mainly within the National Biodiversity Strategy of Mexico (ENBioMex) and its 2016-2030 Action Plan, as well as in Strategies for the Conservation and Sustainable Use of Biodiversity in the States (ECUSBEs), derived from this important planning instrument. Some state governments have given a decisive boost to this intersectoral vision to achieve sustainable and biodiversity-friendly agricultural production, establishing local programs and concrete actions that provide solutions to specific problems in each state, while potentially serving as an example to other entities.
In order to make visible the relevance of intersectoral dialogue in the search for opportunities to implement good practices that favor biodiversity in primary productive sectors, ensure their resilience and share the lessons learned, the IKI IBA Project organized a series of Seminars for the Exchange of Experiences between State Authorities on Sustainable Agriculture and Biodiversity.
The first seminar talked about The Integration of Biodiversity in the Agricultural Sector and took place on June 17, 2020, with the participation of representatives from the agricultural and environmental sectors in the states of Jalisco, Yucatán, and Guanajuato. The second was held on July 8, with the states of Oaxaca, Puebla, and Hidalgo participating in the topic Agroecology as a Path to Food Self-sufficiency and the Conservation of Biodiversity; while the third, held on July 21 with the topic Pollination, its Importance in the Health of Ecosystems and Food Production, involved the states of Quintana Roo, Querétaro and Mexico City.
All seminars were broadcast live via Facebook Live on the IKI IBA Project page, which allowed a wide audience, reaching more than 100 participants, and the exchange of questions and answers with the different panelists. Each seminar contained an interesting dialogue promoted between the sectors and the states, highlighting the role of state governments in promoting the agendas of sustainability and integration of biodiversity and ecosystem services in agrifood production.
You can consult the videos of the presentations, as well as photos, here.
What is the role of subnational governments in promoting energy transition processes that strengthen the achievement of climate goals on a global scale? To answer this question, the Ministry of the Environment, Sustainable Development, and Territorial Planning of the Government of the State of Puebla sponsored the Virtual Keynote Speech “Energy Transition and Climate Change in the World: Actions at the Subnational Level”, attended by more than 180 people and several Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH projects, including the Mexico-Germany Energy Alliance, the CONECC project, TrEM, and FELICITY.
The Secretary of the Environment of Puebla, Beatriz Manrique Guevara, and the Director of the GIZ Energy Cluster, Joscha Rosenbusch, gave the welcome messages and highlighted the need to address climate change and the energy transition from a sustainability perspective, with an inclusive, fair, and equitable approach that considers the obvious nexus between climate change policies and their multiple social, economic, and environmental benefits, for subnational governments to take advantage of them.
The guest speaker, Elena Cantos from Germany’s Renewable Energy Agency, presented the experience of federal states in Germany in the rise of renewable energies, the implementation of energy transition processes (Energiewende), and the benefits for sub-national governments; she highlighted the importance of an autonomous and decentralized approach in energy decision-making. Also, she brought pioneering examples of these experiences to the table, such as the case of Saxony: a state that left coal behind by pushing renewables, energy efficiency, and energy storage.
How does this translate into implementation frameworks at a subnational level in Mexico?
The undersecretary of Environmental Management and Energy Sustainability of Puebla, Santiago Creuheras, highlighted the importance of adopting local solutions for local problems, and of partnerships with the private sector and other actors to enhance the local energy transition. Meanwhile, the President of the CMIC Puebla, Héctor Sánchez, reiterated the need to actively collaborate with other actors in the implementation of these processes.
Secretary Manrique concluded by emphasizing the need to transfer good practices from the German experience in the energy transition to the case of Puebla and other states in Mexico. Joscha Rosenbusch referred to specific examples of the skilled support and strengthening provided by GIZ in the energy and climate change field on issues such as facilitating subnational dialogue between Mexico and Germany, community energy, low-carbon development, co-benefits of sustainable energy, innovation, and entrepreneurship, among others.
The event allows us to reflect on the potential role of subnational governments in promoting energy transition processes that are relevant to strengthening local climate action. Furthermore, it envisions the process of “post-pandemic recovery” as an opportunity to provide the construction of a “new normal” with a social and green perspective, beyond a perspective of “making up for lost time”.
As part of the activities to be carried out between both institutions, the DeveloPPP program was presented to COPARMEX partners –as well as integrated cooperations, such as public-private cooperation mechanisms– in order to promote economic development and recovery that integrate sustainability as a fundamental axis. This is part of the activities carried out by the GIZ Private Sector Working Group. Likewise, the call for the strengthening of socio-environmental enterprises is one of the concrete actions promoted by the German cooperation, alongside its government counterparts SEMARNAT and CONANP, who strengthen the socio-environmental projects that require an additional boost in a context of COVID-19.
Credits GIZ. The online forum organized by the State of Mexico’s Mexican Employers’ Association (COPARMEX)
The Taxonomy is a frame of reference (with criteria and indicators) that enables the classification, organization, and evaluation of various sub-branches and economic activities according to their contribution to the country’s climate change and/or sustainability objectives – in other words, classification of what is green and what is not. The Reporting Framework is the mechanism that accompanies the taxonomy to include the elements of sustainability in the operation of a bank and, with it, monitor investment flows and report results.
The Mexican-German Climate Change Alliance of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, and the Mexican Banking Association (ABM) have promoted the development of a methodology for the taxonomy of green finance and a reporting framework for Mexican banks through the project “Design and Management of a Reporting Framework for Green Financing in Commercial Banks in Mexico“.
The beginning of the project consisted of a revision of existing experiences: on the one hand, international ones, to understand the best practices; and on the other hand, national ones, to assimilate local needs and capacities. By referring to the main international initiatives, such as the taxonomies of China, the European Union, and the Climate Bonds Initiative, we also sought to understand their methodologies to harmonize the development of this project, to be part of a system of world taxonomies that can provide the investor with certainty.
Credits: Shutterstock. For the development of a Mexican banking taxonomy, it is necessary to consider national and international experiences.
In 2012, China pioneered the development of a green financial system by standardizing a series of policies, institutional arrangements, and regulations to direct private funds towards the green industry. The country’s regulators designed two taxonomies: credits (2013) and green bonds (2015). Both taxonomies are mandatory, have the objective of building a comprehensive green financial system, and direct the allocation of resources mainly to projects that reduce emissions, prevent pollution, and save energy.
In 2018, after the publication of the European Union Action Plan on Sustainable Finance, the technical report of the Taxonomy of Sustainable Finance was prepared, published in March 2020.
It consists of a methodological framework that can provide Technical Evaluation Criteria that define the level of environmental sustainability of economic sectors and activities. These criteria were developed for more than 70 activities contributing to the fulfillment of objectives of mitigation and adaptation to climate change. The European Union has six environmental objectives that must be met and the projects that are financed –to obtain the “green” label– must try not to do “significant damage” to any of them during their life cycle.
This taxonomy was designed to be used both by the European Union member states and by financial market participants that offer products labeled as “sustainable financing or investments” since it is useful for various financial instruments. Due to its complexity, scope, legitimacy before financial regulators, transparency, and alignment with science, it is considered the world benchmark.
Its taxonomy is intended to guide issuers and investors of green and climate bonds; developed in 2013, and regularly updated based on science, the emergence of new technologies and CBI standards. It is a benchmark for governments and regulators interested in ensuring the green integrity of new financial products.
Mexican Experiences
The Mexican financial system does not yet have a green financing taxonomy; however, there are several initiatives for a green finance development framework that position the country at the Latin American forefront in this area.
Banking Sustainability Protocol (2016). Promoted by the ABM to participate in the transition of the Mexican economy towards a competitive economy with low carbon emissions. It currently has 26 adherent institutions.
Green Finance Advisory Council (2016). Forum for exchanging experiences and generating proposals for the financial system to advance the green finance agenda.
First proposal for a climate finance reporting framework for commercial banks (Internal ABM-GIZ project, 2017). Seminal project of the current one with a framework for measurement, reporting and verification of climatic financial flows in commercial banking.
Methodology for evaluating the impact of Adaptation and Mitigation of Climate Change (SHCP-SEMARNAT, 2019). It aims to guide the analysis of public financing, integrating criteria, definitions, and indicators to link and identify the contribution of the Federal Government to the fulfillment of the Mexican commitments and objectives in the area of climate change.
FIRA Methodology for the First Green Bond in Agriculture (2019). Methodology to certify the first Mexican green bond in agriculture and identify green investments that facilitate the transformation of the production of certain open field crops towards one under the protected agriculture system.
Financing and certification of environmental infrastructure through the North American Development Bank (NADB). More than 250 certified and financed environmental infrastructure projects in the US-Mexico border region.
Best Banking Practices
Additionally, five commercial banks with operations in Mexico –representing 69% of total bank assets– have been pinpointed for their sustainability strategy; four of them contemplate a green financing goal along with its identification methodology. Sectors of interest: clean energy, energy efficiency, green buildings, clean or sustainable transport, and clean technology.
Conclusions
The review of the context for the development of green finance, as well as the best national and international practices in its reporting, have allowed us to understand that a Mexican taxonomic system requires three elements:
Harmonization with best international practices: certainty for investors in search of opportunities in green assets must be supported by the comparability of taxonomic systems. They do not need to be the same, but they do need to be harmonized with comparable methodologies.
Engagement in the reality of the Mexican economy and ecosystems, as well as the specific capacities of financial institutions. By adapting to different realities, taxonomies may have a different focus and development, while maintaining their comparability. For this, transparency in the process of generating the Technical Evaluation Criteria is essential.
Framing the green finance taxonomic system within existing initiatives. This system must take advantage of initiatives that have credibility, legitimacy, and dynamism. Don’t create parallel structures that are inefficient and unnecessary. This point refers not only to financial markets but to the economy as a whole.
In a context of wide national and international recognition regarding the risks that climate change presents to the financial sector, key academic actors have joined the international cooperation efforts to develop a roadmap that will guide regulators and other financial entities in carrying out an analysis of environmental scenarios that is consistent with the national context.
In 2018, the World Economic Forum named extreme weather events, natural disasters, and failures to mitigate and adapt to climate change among the top five global risks in terms of probability and impact. Thus, in the last five years, important steps have been taken at the G-20 level to ensure that the financial system considers environmental risks and, consequently, that capital is appropriately allocated to support sustainable economic development.
To facilitate such a process in Mexico, the Emerging Markets Dialogue on Finance (EMDF) of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, and the Center for Sustainable Finance at Cambridge University’s Cambridge Institute for Sustainability Leadership (CISL) joined forces with the Autonomous Technological Institute of Mexico (ITAM) and Bank of Mexico (Banxico) in a project to promote the publication of a report on the integration of the analysis of environmental scenarios in financial decision-making in October 2018. This project took place in parallel with one carried out in South Africa, in cooperation with the South African Treasury Department. The project results include two roadmaps, tailored for regulators and financial institutions in South Africa and Mexico, on how to develop analyses of environmental scenarios that are relevant in their national contexts.
Finally, with the support of the Mexican-German Climate Change Alliance and Bank of Mexico, the Spanish version of the report “Embedding Environmental Scenario Analysis into Routine Financial Decision-Making in Mexico” is available in Mexico.
