SMAOT, STATE OF GUANAJUATO, MEX

This award is bestowed upon the Secretariat of Environment and Territorial Planning (SMAOT) Mexico, representing the exemplary subnational leadership in carbon taxation demonstrated by Mexican states. This recognition acknowledges the pioneering efforts of various Mexican states in effectively implementing and operating robust carbon pricing mechanisms within their respective jurisdictions.

This strategic approach ensures the establishment of direct price signals for emissions reduction, thereby contributing significantly to national greenhouse gas abatement objectives. Furthermore, the transparent allocation of the generated revenues to specifically support environmental and climate initiatives highlights a best practice in policy design. This responsible use of funds fosters enhanced public and industry acceptance, whilst simultaneously reinforcing the overall integrity and tangible impact of carbon pricing as a vital environmental policy tool.

The collective efforts of these subnational entities in pioneering and refining carbon taxation models serve as a powerful precedent. They illustrate how decentralised governance can effectively mobilise financial mechanisms to drive decarbonisation, setting a significant example for other regions globally in fostering a robust climate economy.