Tax incentives for green buildings in Mexico City
To tackle poor energy efficiency standards in its old building stock and ensure optimum energy use in new buildings, Mexico City launched the Sustainable Buildings Certification Programme (SBCP), as part of its First Climate Action Programme, in 2009. The SBCP encourages building owners and tenants in all residential, commercial and industrial buildings to undertake energy efficiency initiatives by providing technical support through implementing agencies and easy access to project financing. The programme offers certification for energy efficiency interventions. In addition to tax incentives and reduced electricity bills, the certification grants owners a green premium on rental prices. The scheme is run entirely by the local government of Mexico City and has certified more than 40 buildings, resulting in total savings of 66,120 t-CO2 and 20.1 million kWh of electricity since 2009.