Explore average pricing, vintages, and technologies for carbon credits originating from Mexico.
Access verified Mexico I-REC certificates and MEXICO2-listed carbon credits, Renewable Energy Certificates and Mexico Carbon Credits through Hestiya's transparent, blockchain-powered marketplace, built for Mexico ESG Reporting, Scope 2 reduction and Net-Zero strategies.
Target share of clean electricity generation by 2030 under Mexico's NDC 3.0
Mexico's Net-Zero target, reaffirmed in its third NDC submitted at COP30
Mexico's rank among Latin America's largest annual I-REC(E) issuance markets
Non-fossil generation capacity Mexico aims to add by 2030
Mexico's power system is still anchored by state utility CFE, which generated at least 54% of the country's electricity in 2024, with natural gas remaining the dominant fuel nationally. Solar and wind, however, are scaling quickly across the sun-rich north and the wind corridors of Oaxaca and Tamaulipas. Mexico has been an authorised issuance country under the International Renewable Energy Certificate (I-REC) standard since 2017, positioning it as Latin America's fourth-largest annual market for verifiable, tradeable Energy Attribute Certificates, and giving buyers an internationally recognised way to prove renewable electricity consumption.
As global supply chains tighten disclosure requirements, there is increasing demand for Mexico ESG data, Renewable Energy Certificates, Green Energy Certificate-style domestic instruments, Energy Attribute Certificates, carbon credits, Net-Zero commitments, and Decarbonization strategies, instruments that prove renewable electricity consumption and emissions reduction. Corporations with operations, suppliers, or sourcing relationships connected to Mexico are increasingly seeking credible ways to support Mexico's ESG goals, Scope 2 Renewable Energy Certificates claims, and broader Net-Zero commitments.
Hestiya provides access to verified climate assets through a transparent, blockchain-powered marketplace, spanning I-REC certificates, Renewable Energy Certificates, Energy Attribute Certificate documentation, and MEXICO2-listed carbon credits. Buyers and developers alike can discover, evaluate, and transact Mexico-based climate assets in one place, backed by verifiable ownership records and retirement documentation suited to formal Mexico ESG Reporting disclosures under the CNBV's IFRS S1 and S2 mandate.
State utility CFE continues to anchor Mexico's grid, but solar and wind capacity are expanding fastest in Sonora and Baja California, among the highest-irradiance regions in the Americas, and along the Isthmus of Tehuantepec in Oaxaca and the Tamaulipas wind corridor, home to some of the strongest wind resources on the continent. NORMEX is Mexico's I-TRACK Foundation-accredited I-REC Issuer, appointed in 2022, with each certificate corresponding to 1 MWh of verified renewable electricity generation.
Mexico also operates its own domestic clean energy instrument, the CEL (Certificado de EnergĂa Limpia), issued through the wholesale market administered by CENACE. Similar in function to closed domestic GEC (Green Energy Certificate) schemes used elsewhere, CELs track clean generation for compliance with Mexico's national clean energy mandate, but for Renewable Energy Certificate claims that need to be recognised internationally by frameworks such as RE100, CDP and the GHG Protocol, the globally interoperable I-REC standard remains the instrument of choice for cross-border corporate reporting.
Mexico's third NDC (NDC 3.0), submitted at COP30 in November 2025, reaffirms a Net-Zero target for 2050 and commits to a net emissions range of 364â404 MtCOâeq by 2035, equivalent to a 31â37% unconditional reduction. The plan also sets a goal of 38.5% clean electricity generation by 2030, rising to 43.3% by 2035, alongside a target of adding 40 GW of non-fossil generation capacity by 2030. On the carbon market side, Mexico's Emissions Trading System (SCE) entered its operational phase in January 2023, covering large emitters in the energy and industrial sectors, while the voluntary market, anchored by MEXICO2, the Mexican Stock Exchange's carbon platform, and its forthcoming Mexican Registry for the Green Transition, lets companies trade project-based carbon credits certified under standards such as Verra and Gold Standard.
Mexico now mandates ESG Reporting for listed issuers: since January 2025, the CNBV has required BMV- and BIVA-listed companies to file sustainability reports aligned with IFRS S1 and S2, with first filings covering fiscal year 2025 due in 2026, making Mexico the first country in North America to mandate sustainability disclosure, and placing new weight on verifiable, third-party-tracked certificates over self-reported claims.
Hestiya's Mexico Carbon Credits Marketplace and I-REC Marketplace enable organisations to purchase verified Renewable Energy Certificates, access MEXICO2-listed carbon credits, and support renewable energy procurement, all while meeting Mexico ESG and sustainability targets. The platform also functions as a Green Energy Certificate-style marketplace for buyers who need documented proof of renewable electricity consumption tied directly to Mexico-based generation assets.
Sonora and Baja California anchor Mexico's fastest-scaling solar segment, drawing on some of the highest irradiance levels in the Americas, supporting I-REC-backed corporate Renewable Energy Certificate claims.
The Isthmus of Tehuantepec in Oaxaca and the Tamaulipas wind corridor anchor a mature onshore wind fleet, adding renewable electricity supply eligible for certificate issuance and strengthening the case for Mexico Energy Attribute Certificate adoption.
Long-standing hydropower plants and geothermal fields, among the largest in the world, continue to underpin Mexico's clean generation base and add renewable electricity supply eligible for I-REC issuance.
Bundled and unbundled I-REC trades support direct corporate renewable offtake and Scope 2 Renewable Energy Certificates claims for large electricity users, including multinationals with Mexican manufacturing operations.
Project-based mitigation and forestry conservation credits listed on MEXICO2, the Mexican Stock Exchange's carbon platform, let companies support voluntary offsetting alongside compliance obligations under Mexico's Emissions Trading System (SCE).
Companies sourcing Mexico climate assets through Hestiya can support a full range of Mexico ESG and sustainability needs, from documenting renewable electricity use to substantiating carbon reduction claims in annual sustainability disclosures aligned with the CNBV's IFRS S1/S2 mandate. These reporting requirements are increasingly tied to verifiable, third-party-trackable certificates rather than self-reported estimates, and Hestiya's marketplace is built to meet that bar, including alignment with Mexico's MEXICO2 carbon platform and Emissions Trading System (SCE) framework.
Specifically, Mexico's climate assets purchased through Hestiya can support:
Market price is stable compared to August.
The market outlook for Mexico is cautious based on stable trends.
HIGH trading activity observed with 20 active records.