The Political Economy of Regulation: An Analysis of the Mexican Emission Trading System

Abstract

The chapter argues that the design of carbon pricing policies takes place as a sequential, negotiated process whereby specific constituencies have privileged access to shape policy design because they have high stakes in regulations. These groups, identified ex ante based on the political economy of regulation and a stakeholder approach, exhibit two characteristics: first, they are high-interest actors, as a change in the status quo would impose concentrated costs on them; second, they are high-power actors, since their resources and participation in the national economy make them a critical sector. Using theory-guided process tracing and the policy stages heuristics framework, the empirical analysis explores the policymaking process of the Mexican pilot emission trading system and discusses key features of its design.

The road to carbon trading in Malaysia: Unpacking knowledge and experience through scoping review and in-depth interviews

“…Based on the interviews conducted with the stakeholders, it was determined that prompt attention should be given to stakeholder engagement as the foremost critical attribute (Table 6). The research done by Stevens (2022) in Mexico yielded similar findings. Numerous endeavors like stakeholder's active participation and stakeholders' approach, have been undertaken by different organizations to raise awareness and improve preparedness regarding ETS (Stevens, 2022).…”

“…The research done by Stevens (2022) in Mexico yielded similar findings. Numerous endeavors like stakeholder's active participation and stakeholders' approach, have been undertaken by different organizations to raise awareness and improve preparedness regarding ETS (Stevens, 2022). Notably, these efforts have been more prevalent in large corporate entities rather than the public sector.…”

Az új mexikói kvótakereskedelmi rendszer és erdészeti vonatkozásai

“…Mexikó kibocsátáscsökkentési vállalásainak minél hatékonyabb elérése érdekében a klímaváltozási törvénye 2018. évi reformja során létrehozta a Mexikói Kvótakereskedelmi Rendszert (Stevens, 2022), amely így az első működő kvótakereskedelmi rendszer lett Latin-Amerikában.…”