Historically, Mexico’s power sector has struggled to deploy clean generating capacity despite its vast resource base. As part of the comprehensive 2013-2014 energy reform, a clean energy certificate (CEL, by its acronym in Spanish) mechanism will start operating in 2018. This mechanism will require that large energy consumers and suppliers obtain a certain percentage of their electricity from clean generators, effectively leveling the playing field between conventional and renewable energy sources. The Energy Regulatory Commission (CRE) will issue 20-year CELs to new clean energy generation projects including wind, solar, wave, geothermal, bioenergy, waste, hydro, nuclear, efficient cogeneration and carbon capture and storage thermal plants. The system aims to ensure compliance among industry players, so Mexico can achieve its national clean energy goals and international climate commitments. In time, the CEL market will become increasingly dynamic and more complex than its initial version. Accordingly, CRE has proposed a Capstone project that examines the feasibility of setting up and implementing new secondary/complementary markets for CELs, such as futures, derivatives markets and other financial instruments.