Insights > Briefings > BRIEFING: High carbon tax in Mexico’s Queretaro prioritises flexibility

BRIEFING: High carbon tax in Mexico’s Queretaro prioritises flexibility

Published 18:07 on June 27, 2024 / Last updated at 18:07 on June 27, 2024 / / Americas (Compliance Markets & Taxes, LATAM & Caribbean), Insights (Briefings), Voluntary (VCM Governance)

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The Mexican state of Queretaro, with one of the highest carbon taxes in Latin America, has carved out an exception to its 20% offsets rule for firms facing steep competition and will consider international exchange rates when determining annual price increases, a senior official told Carbon Pulse on the sidelines of the Latin America Climate Summit in Colombia Wednesday.
The Mexican state of Queretaro, with one of the highest carbon taxes in Latin America, has carved out an exception to its 20% offsets rule for firms facing steep competition and will consider international exchange rates when determining annual price increases, a senior official told Carbon Pulse on the sidelines of the Latin America Climate Summit in Colombia Wednesday.


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