Climate Change Law 21455: Binding 2050 net zero GHG emissions target. 2022 • NDC (update): GHG emissions peak no later than 2025 and reach 95 Mt CO2-eq by 2030.2021 • 2022-2026 National Energy Efficiency Plan: Reduce energy intensity on a national basis of at least 13% by 2030 relative to 2019. 2022 • Industry and power: CO2 tax of USD 5/t CO2. 2017 Critical minerals • National Lithium Strategy: Aims to increase public participation and public￾private partnerships in the lithium supply chain; proposes the creation of research institutes and a national lithium company (announced). 2023 • National Mining Policy 2050: Reach carbon neutrality in mining by 2040. 2022 Hydrogen • National Hydrogen Strategy: Electrolysis capacity targets (operating and under development) of 5 GW by 2025 and 25 GW by 2030. Aim to reach USD 2.5 billion/year from exports of hydrogen and derivatives by 2030.2020 Power • Phase out or retrofit coal-fired power plants no later than 2040. 2019 Industry • Energy Efficiency Law 21305: By 2023, mandatory energy management system for large energy consumers (consumption of over 50 T cal/year).2021 Transport • Law 21505 promoting electricity storage and electromobility introduced an eight-year gradual tax exemption scheme for electric and hybrid vehicles. 2022 • National Electromobility Strategy 2035 targets: 100% of new light-duty and medium-duty vehicles, and new urban public transport vehicles to be zero emissions.2021 Buildings • National Energy Policy 2050 target: 100% low-emissions heating and cooking in urban centres in 2040, and 100% of new buildings are net zero energy use by 2050.