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Laws and Policies

CCLW

CCLW national policies

Law of the State Public Enterprise, Petróleos Mexicanos (Ley de la Empresa Pública del Estado, Petróleos Mexicanos)

Published

<p>This Act provides the regulatory framework governing Petróleos Mexicanos (PEMEX) as a State-owned public enterprise, established under Articles 25, 27, and 28 of the Mexican Constitution. It affirms PEMEX's legal personality, operational and management autonomy, and special regulatory regime. The law mandates that PEMEX’s core functions encompass the exploration, transformation, and commercialisation of hydrocarbons and their derivatives, as well as the development of alternative energy sources, all in service of national sovereignty, energy security, sustainability, self-sufficiency, and energy justice.Crucially, the law integrates principles of sustainability and energy transition into PEMEX’s strategic governance. It requires a five-year Development Programme to be updated annually, detailing objectives, clean energy use, and transition planning in line with international obligations. Articles 16 and 49 establish institutional mechanisms to align corporate governance with sustainability, mandating a Sustainability Plan approved by the Board and overseen by a Sustainability Committee chaired by an independent director and comprising key ministries. The law obliges PEMEX to reduce GHG emissions and promote a low-carbon economy through targeted programmes, while ensuring transparency and accountability according to national and international standards.</p>

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives