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Juan Bautista Cervio

Juan Bautista Cervio is an Associate in Baker McKenzie, Buenos Aires office.

On 1 December 2023, the Energy Secretariat, through Resolution 970/23 (“Resolution”), created the National Program for the Measurement and Reduction of Emissions from Hydrocarbon Exploration and Production Activities.
Hydrocarbon-producing companies must submit: (i) an annual plan for the measurement of emissions; and (ii) a comprehensive five-year plan for the reduction and/or capture of emissions before the Hydrocarbons Sub-Secretariat, which will be in charge of issuing further complementary regulations.

On 14 November 2023, through Resolution 385/2023 of the Ministry of Environment and Sustainable Development, the National Strategy for the Use of Carbon Markets (ENUMeC) was approved.
The ENUMeC aims to promote the implementation of carbon markets and the development of projects that contribute to the mitigation and adaptation to climate change in Argentina, in line with the international climate commitments undertaken by Argentina (under the Paris Agreement, the United Nations Framework Convention on Climate Change (UNFCCC) and the Kyoto Protocol).