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Everything you need to know about European Union Emissions Trading System (EU ETS)

Everything you need to know about European Union Emissions Trading System (EU ETS) 640 384 Climatetrade

The European Union Emissions Trading Scheme (EU ETS) is the main tool for cost-effectively reducing greenhouse gas emissions. 

The EU ETS was launched in 2005 and currently accounts for more than three-quarters of international carbon trading, making it the world’s largest carbon market.

How does it work?

Cap and trade. These are the two words that define how this system works.

Companies are allowed to emit a single EU-wide cap on certain greenhouse gases. Within that limit, companies receive or buy allowances (EUA) that they can trade with each other according to their needs.

Each allowance is equivalent to one tonne of carbon dioxide (CO2), the most common greenhouse gas.

1tCO2 = 1 allowance (EUA)

Let us assume that the limit is set at 10tCO2. 

If company A has issued a total of 6tCO2 at the end of the year, it can sell company B 4 allowances (equivalent to the 4tCO2 it has not issued).

How should companies proceed?

At the end of each year, companies must have acquired enough allowances to cover all emissions, otherwise they are subject to heavy penalties.

This is why this system is the main tool for reducing emissions. If a company succeeds in reducing its emissions, then it can keep those allowances for future needs or to trade with them,this means,  sell them to another company.

What is the price of carbon?

Currently, the price for a tonne of CO2 is about 30€. However, the price for emitting carbon dioxide into the atmosphere will double by 2021 and quadruple by 2030, according to a report published by the Carbon Tracker organisation.

According to this study, if the European Union’s emissions are to remain in line with international targets for preventing climate change, the price of carbon dioxide emissions will have to rise to redirect public and private investment towards production models that help decarbonise the economy.

How to sell or buy CO2 emission rights?

Climatetrade has a qualified and experienced team that operates with a broad base of industrial partners. We provide information, knowledge, and guidance to access markets for Emission Rights (EUAs), Carbon Credits (CERs), Reduction Units (ERUs) and Voluntary Reductions (VERs) in a simple, equitable and efficient way.

For further information on this service, please contact: info@climatetrade.com

Solar cookers for refugee families in Africa

Solar cookers for refugee families in Africa 640 384 Climatetrade

Families forced to flee to survive

Since the start of the Darfur war in 2003, more than 200,000 Sudanese have been forced to flee to neighboring Chad.

These people have been staying in refugee camps in the border region for more than 15 years. Living in austere conditions where cooking over an open fire is one of the many challenges they must face.

How do they cook in the refugee camp?

The camps are located in a very dry region where little wood is available. This creates conflicts between the local population and the refugees who need the scarce firewood available for cooking.

Women and children often have to travel long distances to get wood being harassed, assaulted, kidnapped or, in the worst case, never return at all.

The solution: “CooKit” solar cookers

To address this problem, in 2005 the CooKit solar cooker was launched in six refugee camps. CooKit is a solar cooker that can be used for cooking with the help of solar energy, it has a simple design and is made of cardboard and aluminum foil.

How does it work?

Sunlight reflects through the aluminum foil into a black-painted frying pan that is contained in a heat-resistant plastic bag in which hot air circulates. After the pot has been in the sun for 2 to 3 hours, most dishes will be ready. With a so-called Guffah, an insulated wicker basket, food can be kept at the right temperature until dinner.

The project

CooKits are manufactured locally in six workshops throughout the camps. Each workplace is entirely run by about 20 women. Each family receives 2 CooKits, user training and is asked to make a personal contribution of 1000 francs (€ 1.50) as compensation for the work of the women in the manufacturing workshops.

To date, a total of 9,000 solar cookers have been installed, benefiting 20,000 refugees (mainly women and children) and achieving a reduction of 56,000 tons of CO2.

Impact and contribution to the SDG’s

By using the CooKit, women and children no longer have to leave the camp to find firewood. This means a considerable improvement in their security and also saves a lot of time. As an example, there are women who have used this time to start selling handmade products in the local market.

This initiative contributes to the following Sustainable Development Goals.

Health

• Clean cooking method prevents inhalation of harmful smoke.

• Less physical effort because it is not necessary to bring more firewood to cook.

Climate and environment

• Reduced use of wood.

• Reduction of CO2 emissions.

Social

SDG-goal-gender-equality

• Less local conflict and greater safety for women and children.

• Women and their children can spend more time with the family and focus on their education.

Economic

• Time-saving options for women to generate more income.

• CooKits local production creates employment.

When offsetting your carbon footprint with ClimateTrade, you guarantee that your climate action is solid and is not only beneficial to mitigate the effects of climate change, but also to help develop a sustainable development in the local communities where the projects are located. Sign up and contribute www.climatetrade.com

Climatetrade & Everland

Climatetrade & Everland 640 384 Climatetrade

Everland is an initiative born to help forest communities thrive, while they care for the environment for their own benefit, resulting in climate change mitigation for the benefit of us all.

Climatetrade & Everland

Everland is one of our trusted partners on reforestation projects, as its portfolio includes some of the most impactful projects worldwide.

Through its work, we address the urgent need for forest conservation, wildlife protection and community development benefits.

Everland works exclusively with high-impact projects as they only trade Verified Emission Reductions from RED++ projects.

This is the most effective way to achieve lasting results for climate, conservation and communities.

Projects

This is a pioneering wildlife conservation project, it protects over 200,000 hectares of dryland forest with over 11,000 wild elephants living in this ecosystem. The project provides social programmes affecting more than 116,000 local people and provides the local community in the Kasigau corridor region with jobs that replace unsustainable sources of income such as poaching, subsistence farming and illegal logging.

This project protects 300,000 hectares of critical habitat for the pygmy chimpanzee and forest elephant in the Congo Basin. 

It reduces the main drivers of forest and biodiversity loss by building and renovating schools, providing health care services, supporting food security and nutrition, and conducting capacity-building activities that empower local communities.

The Cardamom rainforest landscape is one of the last remaining undivided rainforests in South East Asia and is essential for preserving the biodiversity of Indo-Burma. Using the best practices for forest protection and community development, this project avoids more than 3,000,000 tons of CO2 emissions per year and protects 497,000 hectares of rainforest in southwest Cambodia.

The project conserves the 182,000 hectares of the Alto Mayo Protected Forest in Peru, providing essential funding for the conservation model based on forest management involving more than 1,000 families. By effectively curbing some of the country’s highest deforestation rates, the project is expected to generate 10.3 million tonnes of Verified Emission Reductions (VERs) over 20 years.

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Media Kit 150 150 Climatetrade

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Offsetting emissions in the construction sector

Offsetting emissions in the construction sector 600 338 Climatetrade

Emissions offsetting  in the building sector is here to stay. 

Construction, renovation, real estate and development companies will be able to offset their own carbon footprint from October.

The ITeC – Institute of Building Technology is strengthening its commitment to environmental sustainability, for this purpose it has closed an agreement with Climatetrade, a leading company for emissions offsetting in international carbon markets, to integrate ClimatetradeGO in its website.

This joint development provides professionals and construction companies, developers and SOCIMIs with an advanced digital service to offset their CO2 emissions calculated by ITEC software.

The agreement represents a digital solution that provides maximum rigour and traceability in transactions and certifications. A great leap in quality in the digitalisation of the sector and greater transparency in terms of environmental, social and governance responsibility for companies, to the benefit of their stakeholders.

Companies and professionals can now get information and training on the subject

With the aim of promoting emissions offsetting in the sector, ITec will provide professionals and companies with access to this innovative digital tool through webinars and online courses.

With this technology and, most importantly, a solid commitment to the environment, the construction sector will have total transparency, greater collaboration and joint investment in their entire sustainability strategy.

First Webinar will take place  1 October 2020: https://register.gotowebinar.com/register/8371377377854905615 

 “Aligned with the European Green Deal we are promoting sustainable and digital construction”,

This agreement is in line with the position announced by the European Commission (EC) to boost the environmental recovery and transition plan, which aims to be green, digital and fair.

To this end, public funds have become available, in order to support companies in achieving these objectives.

amazon-project-offsetting

Saving the Amazon joins Climatetrade’s projects portfolio

Saving the Amazon joins Climatetrade’s projects portfolio 600 338 Climatetrade

ClimateTrade stands for the protection of the Amazon.

Plant trees to save the world’s lung!

The Amazon rainforest is the largest tropical forest region on the planet and is of vital importance for life on Earth, it provides 20% of the fresh water and is home to 10% of the world’s biodiversity. Its area spans 8 countries and is home to more than 350 indigenous communities.

Save the Amazon by offsetting your company’s carbon footprint

Saving the Amazon project was born with the objective of caring and conserving the Amazon, by planting trees of native species and conservation projects in the Amazon.

Thanks to your contribution, indigenous communities receive income from planting and caring for the trees that, in return, provide them with food, medicine and construction elements, strengthening their culture and beliefs around nature and the opportunity to create green businesses for the well-being of families and their food safety. 

This project helps 920 families from 30 local communities in Colombia and Brazil, covering an area of 60,000 hectares.

Project monitoring on your mobile

Through the Saving The Amazon application, companies can monitor, manage and administer the planting of the trees, their growth and care, since the trees are photographed every six months to follow their growing process for a period of 3 years.

Help us save the Amazon! Contribute to the conservation of the Amazon and offset your company’s carbon footprint with ClimateTrade.

Sustainable offices

Sustainable offices 772 282 Climatetrade

More and more companies are integrating sustainability into their company policy

Having a positive social impact brings multiple benefits, not only for the environment, but also for the image of the company.

Sustainable or eco-friendly offices are environmentally responsible workplaces that help enhance the well-being, creativity and productivity of workers, while helping to fight climate change.

The measures to reduce the carbon footprint that are applied in a company can imply changes in the habits of the personnel, reorganization of the space or adjusting to new technologies.

There are numerous possibilities to introduce these changes; many of them do not involve costs, and even generally entail economic savings.

  1. Digitization

In this way we reduce the consumption of paper and ink in the office. Print only when absolutely necessary, making sure we do it with recycled materials.

2. Recycling

Establish recycling areas and points accessible to all. Promote the separation of waste for proper recycling through campaigns that motivate all colleagues to participate.
Each ton of recycled paper is equivalent to a saving of about 270,000 liters of water and the equivalent of a ton of carbon.

3. Consumption of eco-friendly products

If we talk about electronic equipment, we must take into account energy efficiency, investing in appliances that are between labels A, B or C.
In addition, we use a lot of stationery products in the office. One way to reduce our environmental impact is to use environmentally friendly and reusable materials.

4. Water dispenser

Avoid plastic water bottles in the office and place a water dispenser so that everyone can refill their glass, mug or glass bottle. Also use them for coffee, infusions and for those who stay in the company dining room.

Statistically speaking, the world buys a million plastic bottles per minute that end up in landfills or in the sea.

5. Stable temperature

In the office, the greatest energy consumption comes from heating and air conditioning. Therefore, it is recommended that we keep them at a stable and adequate temperature throughout the year.

Each extra degree of cooling is calculated to represent an increase in energy consumption of 7%. In this way we will save a lot of energy and we will have a suitable temperature to work.

6. Avoid phantom consumption

Mobile chargers, computer screens, printers … all of this constantly connected to the electrical network represents unnecessary consumption.

7. Reduce light consumption


Making the most of natural light is much better for work and offers other benefits for staff health and well-being.
The use of LED bulbs or energy saving light bulbs and installing motion sensors in different parts of the office building means considerable energy savings.

It is important to note that the more involved the staff is, the easier it will be to apply CO2 reduction measures and the better the results will be.

How the Paris Agreement affects the private sector

How the Paris Agreement affects the private sector 1375 537 Climatetrade

About the Paris Agreement

It is an agreement within the framework of the United Nations Framework Convention on Climate Change that establishes measures for the reduction of Greenhouse Gas (GHG) emissions through mitigation, adaptation and resilience. It establishes as main objectives:

  1. Limit Global warming to 2ºC and the closest to 1.5ºC, reducing greenhouse gas (GHG) emissions.
  2. Increase the capacity of countries to adapt to the effects of climate change and build resilient societies, that is, that can resist these effects.
  3. Promote the transition towards low carbon economies and towards sustainable development.

Together with the 2030 Agenda, it projects an integrated vision towards a sustainable world, focused on the well-being of people, the preservation of the Planet and peace.

Its entry into force implies a profound structural transformation in our society. However, climate action does not depend only on governments but is the duty of citizens, financial institutions and the private sector.

How much can the business sector contribute to the Paris Agreement?

According to the We Mean Business Coalition report, the commitment of companies around the world would represent up to 60% of the GHG reduction of the total established in the Paris Agreement. This represents a reduction by 2030 of 3.7 billion metric tons of C02 per year.

CO2 emissions offsetting

To achieve the objective of reducing emissions, a GHG emission rights trading scheme is established by which polluting companies have the obligation to offset the emissions derived from their activity by purchasing carbon credits from developers of projects to reduce carbon emissions. GHG emissions such as recycling plants, renewable energy projects, forestry projects, energy efficiency, etc.

Currently, there are mandatory regulatory measures for companies to progressively establish environmental policies related to climate change.

In Spain, on December 7, 2018, the Ecological Public Procurement Plan of the General State Administration, its autonomous bodies and the managing entities of Social Security (2018-2025) was approved.

This plan establishes that all companies contracted to carry out public works must have approved quality systems that can contribute to achieving better environmental sustainability. Governments committed themselves through the Paris Agreement to reduce their emissions to zero by 2020 by 2050, and this implies that measures such as the previous one will be implemented in the different sectors to push private sector companies to adopt environmental policies related to climate change, the use of resources and sustainable production and consumption.

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European Mobility Week. Zero-emissions goal.

European Mobility Week. Zero-emissions goal. 1059 1179 Climatetrade

We stand for sustainable mobility, Let’s celebrate the European mobility week.

This year the European Mobility Week is being held with the main focus on sustainability and reducing the environmental impact coming from users and operators.

The promoters and participants in this event highlight the importance of the accessibility to transport without emissions while promoting an inclusive framework that involves citizens and private and public means of transport.

Local authorities across Europe are encouraged to take action in order to achieve the long-term goal of a carbon-neutral continent by 2050 built on the European Green Deal.

Climatetrade helps mobility operators (MaaS)

At Climatetrade we reaffirm our commitment to Mobility Service Operators (such as MaaS, Mobility as a Service). These companies find in Climatetrade a technological and Corporate Responsibility ally to develop different innovative actions, for the benefit of their final customers, and the improvement of their internal operations.

The successful case study of Norauto with its campaign “Dos ruedas, 1 árbol (two wheels=one tree) 

At Climatetrade we continue our commitment to mobility providers such as Norauto in Spain. Its campaign “Dos ruedas, 1 árbol” (two wheels, one tree) has been recognized in Spain for taking sustainable development involving customers and brand employees to the highest levels, and also for its promotion of sustainable mobility and low polluting emissions, specifically with the sales of its scooters, bicycles and scooters, the company contributes to reforestation projects in Spain and other countries.

ClimateTrade Team, Tools and KnowHow, your partner in Sustainability

Climatetrade has a team with great expertise in process digitization projects for MaaS operators, and guidance through the preparation of sustainability reports.

The company has the necessary digital tools of our own and external, to implement innovative services in mobile applications, online stores and physical stores.

Contact us

Everything you need to know about the sustainability report

Everything you need to know about the sustainability report 1280 853 Climatetrade

What is the new law on non-financial information?

The Spanish Law 11/2018 on non-financial information and diversity was born after the obligation to comply with the European directive 2014/95/EU on the disclosure of financial information and diversity. 

It required EU member countries to create legislation requiring companies with certain characteristics to publish information (Sustainability report) beyond their income statements. In other words, to disclose information on social and environmental matters with the aim of improving sustainability .

Who is mandatory to comply with the legislation?

The companies obliged to prepare and present the non-financial report are all those companies with:

  • Companies with more than 250 employees that either have the status of public interest entities in accordance with the legislation on auditing of accounts, with the exception of entities that have the status of small and medium-sized companies in accordance with Directive 34/2013, or, for two consecutive financial years, meet, on the closing date of each one of them, at least one of the following circumstances
  • Companies whose total value of their assets exceeds 20 million euros.
  • Companies whose net turnover exceeds 40 million euros

What is the sustainability report?

It is a report that certain companies must prepare and accompany their management report.  It must collect the necessary information to understand the impact of their activity on society. That is, information on environmental and social issues, as well as on personnel, respect for human rights and the fight against corruption and bribery.

Its main objective is to improve management towards a sustainable world economy with social justice and environmental protection. In addition, it is a tool that helps to increase the confidence of investors, consumers and society in general.

Growing Trend

Over the past few years we have seen a clear trend among companies to publish and communicate more information on sustainability issues, motivated mainly by consumer and investor demand for transparency.

This new law means that a greater number of companies must join the new regulations and comply with the established standards. To do this, companies must design a strategy to prepare and present a report with quality information, involving all areas of the organization.

Team and KnowHow at ClimateTrade, your sustainability partner 

At Climatetrade we rely on an expert team in the field of non-financial reporting, and also have support of proprietary digital tools. We advise and guide your company in this process, step by step.

Contact us.  info@climatetrade.com