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Canada’s Total Climate Finance Contribution:
$4,605,194 CAD
- 2020 to 2021: $1,266,690 CAD
- 2019 to 2020: $2,017,800 CAD
- 2018 to 2019: $620,704 CAD
- 2017 to 2018: $700,000 CAD
Targeted Countries:
Mexico
Funding Period: 2017 to 2018, 2018 to 2019, 2019 to 2020, 2020 to 2021
Financial Instrument:
Grant
Type of Support:
Mitigation
Delivery Partner(s):
Description
Canada is supporting the implementation of Mexico’s nationally determined contributions (NDC) by informing policy decisions to reduce greenhouse gas (GHG) and short-lived climate pollutant (SLCP) emissions in the oil and gas sector. This initiative leverages state-of-the-art Canadian technologies, and expertise for the measurement, reporting and verification (MRV) of GHG and SLCP emissions in the oil and gas sector to develop a techno-economic analysis tool for analyzing the impacts of cost-effectiveness strategies to mitigate those emissions in Mexico. The techno-economic model combines economic and environmental data to provide various scenarios that can be used by policy-makers as part of the implementation of Mexico’s NDC.
Results/Expected Outcomes
The results of this project will be shared at the Canada-Mexico Partnership, a key mechanism for cooperation between the two countries and environmental and climate issues.
This project aims to support the implementation Mexico’s NDC by:
• Identifying opportunities to reduce GHG and SLCP emissions from oil and gas operations;
• Supporting clean technology deployment; and
• Supporting the mobilization of financing for emissions mitigation.
To this end, the project will:
• Develop a techno-economic analysis tool that integrates environment and economic data in order to identify cost-effective and high-impact mitigation strategies to inform policies, investment and NDC implementation actions in the oil and gas sector. This tool will be jurisdictionally transferable and enable detailed geospatial SLCP and GHG emissions source modeling for the oil and gas sector at facility, regional or jurisdictional levels.
• Development of improved emission and control factors for estimating black carbon and methane emissions that will contribute to strengthening MRV of emissions and the effectiveness of implemented policies to reduce emissions.
• Support the ability to develop credible refined business cases to facilitate financing of optimal mitigation strategies.