Mexico GDP Rebounds 1.4% as Bank Delinquency Rises, and 23% of Firms Adopt Internal Carbon Pricing

Mexico's economy grew 1.4% in the second quarter, recovering from a 0.3% contraction, while bank delinquency hit 2.49%, the highest since 2022. The article also covers hidden currency conversion costs from Wise. But the most relevant part for carbon markets is a McKinsey survey showing 23% of 2,600 companies now use an internal carbon price, with another 22% planning to adopt one within two years. In Mexico, only 10% of 173 large companies have set a price per ton of CO2e. Internal carbon pricing is shifting from a voluntary ESG metric to a core financial planning tool. Companies use it to assess transition risk, regulatory exposure, and capital allocation. While adoption is still low in Mexico, the trend suggests carbon pricing is becoming standard practice for large firms. For investors and project developers, this could signal growing demand for carbon offset and reduction projects.