Banco Santander offsets 145,000 tons of CO2 through Climatetrade

Banco Santander offsets 145,000 tons of CO2 through Climatetrade 600 384 Climatetrade

Banco Santander has signed an agreement with Acciona to offset 145,000 tons of carbon dioxide (CO2) emissions through Climatetrade with the Oaxacas wind complex in Mexico. In this way, Climatetrade supports Banco Santander’s goal of achieving carbon neutrality by 2020, offsetting approximately half of its emissions.

On the other hand, Acciona has been one of the pioneers in including its clean energy projects in the Climatetrade’s marketplace, available to all companies that seek to offset their emissions in a safe and transparent way.

One of these projects is the Oaxacas Wind Complex, located on the Isthmus of Tehuantepec, in Mexico, issuer of Reduced Emissions Certificates (CER), which are carbon credits backed by the United Nations (UN) that allow offsetting CO2 emissions with clean development projects, registered in the Clean Development Mechanism (CDM).

The complex consists of three wind farms (306MW) that produce renewable electricity equivalent to the consumption of 700,000 Mexican households. The complex also helps socio-economic development in the region, contributing to the achievement of the Sustainable Development Goals.