Mexico 1st emerging market commit to greenhouse gas decrease

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BRENT: Mexico vowed Friday to slash its output of greenhouse gases and make 2026 its peak emissions year, an ambitious goal and the first one submitted by an emerging-market country in the runup to December’s global climate conference in Paris.
Mexico said it would reduce its emissions of greenhouse gases by 22 percent and its emissions of black carbon or soot by 51 percent by the year 2030.
Hitting that target would mean sharply raising vehicle fuel efficiency to bring standards in line with those in the United States and adopting appliance standards. Mexico also set goals for increasing the share of renewable and nuclear energy in its electric power sector.