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U.S., Mexico to Cooperate on Climate Change, Energy Policies

While highlighting plans for improved border security and migration policies, President Obama and Mexican President Felipe Calderon, meeting in Mexico City Thursday, also pledged cooperation across the border on measures to address climate change and energy resources.

Calderon said he "strongly" agreed with Obama's plan to create a bilateral carbon bond market. The two countries announced the "US-Mexico Bilateral Framework on Clean Energy and Climate Change," which will focus on renewable energy, energy efficiency, adaptation, market mechanisms, forestry and land use, green jobs, low carbon energy technology development and capacity building. The Mexican president said he had given Obama specific proposals to address climate change, including Mexico's Green Fund proposal.

In addition, "we have agreed to work to guarantee a legal framework of certainty, equity and transparency for the future use of transborder gas and petroleum resources," Calderon said.

The neighboring nations will work on expanding bilateral collaboration on clean energy technologies to facilitate renewable power generation including by addressing transmission and distribution obstacles between the countries and fostering energy service company market development. They also will promote academic and scientific exchanges on renewable energy.

The U.S. and Mexican governments also will work with individual border states to provide opportunities for information exchange and joint work on renewable energy, such as wind and solar, that could include technical and economic project feasibility studies, project development and capacity building in the border region.

Obama visited Mexico in advance of the "Summit of the Americas" meeting of Western Hemisphere nations.

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