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Myths about blockchain

Myths about blockchain 600 384 Climatetrade

ClimateTrade is a Blockchain-based carbon credit marketplace. Probably, to a greater or lesser extent, you have heard of this technology and it is likely that you have believed any of the myths spread about it. Today we are going to refute 3 of the most common.

Myth #1 Blockchain = Cryptocurrencies

The first myth is that Blockchain = Cryptocurrencies. This statement is incorrect since Blockchain has many more applications apart from cryptocurrencies, such as tokenization or the registration of documentary evidence. Besides, there are some cryptocurrencies that use DLT technologies other than Blockchain. At ClimateTrade we tokenize and register each carbon credit of the projects published on the platform, and we record all the modifications that occur on them.

Myth #2 Blockchain for everything

The second myth is that Blockchain can be applied to absolutely everything. This is something that is often read in the media and among many communities. However, to take full advantage of Blockchain technology and to provide a differential value with respect to traditional database technologies, transparency and immutability needs are key points to take into account, as not all applications have those needs. At ClimateTrade we use Blockchain to guarantee the traceability and transparency of all operations on our platform.

Myth #3 fast and anonymous

The third myth is that Blockchain is fast and anonymous. The speed of a Blockchain network depends on the implementation. The capacity of newer networks like Algorand is notably superior to older networks like Bitcoin or Ethereum. On the other hand, all the operations carried out in the majority of Blockchains are traceable and identifiable to the different “wallets” that although initially are totally anonymous, as operations are carried out, a profile can be formed regarding that account, therefore, to achieve anonymity it is essential to be very careful with how you use the tools.

At ClimateTrade we are experts in Blockchain technology and we have a human team capable of working with the latest technologies. If you have any questions or curiosity, read our posts or contact us directly!

Construccion_medioambiente

Nuevos criterios medioambientales para las licitaciones en el sector de la construcción

Nuevos criterios medioambientales para las licitaciones en el sector de la construcción 600 384 Climatetrade

Fuerte demanda desde las empresas municipales de vivienda y los contratistas de obra pública de herramientas digitales que ayuden en estos procedimientos.

 El caso del Instituto Municipal de Vivienda de Barcelona (IMHAB)

En una reciente licitación publicada por el Instituto Municipal de Vivienda de Barcelona, se valoran con 25 puntos los aspectos ambientales. Repartidos en 12 puntos para el cálculo de las emisiones contaminantes de CO2 y los restantes 13 puntos para la reducción de coste energético y de residuos y la promoción del reciclado. 

De forma específica, para esta licitación del IMHAB contabiliza el impacto de las emisiones de CO2 asociadas a los elementos  de estructura portante y fachada del edificio. Es un primer paso, en el que incorpora el cálculo de las emisiones CO2 en una licitación conjunta de proyecto y obra, dando cumplimento a los objetivos de Europa de incorporar la contratación Verde en los organismos públicos.

El caso del Ayuntamiento de L´Hospitalet de Llobregat

El Ayuntamiento de L’Hospitalet ha creado un sistema para medir la huella de carbono producida en los procesos municipales, presentado en el ultimo congreso Smart City, que se celebró en el recinto de Fira de Barcelona del Hospitalet, y permite conocer y evaluar la huella en los procesos habituales del departamento de Espacio Público, Urbanismo y Sostenibilidad.

La medida es pionera en los ayuntamientos catalanes y se ha bautizado con el nombre de La HDC, el acrónimo del H y de huella de carbono y  cuenta con el soporte de la Fundación ITeC.

La huella de carbono es el indicador de las emisiones de gases de efecto invernadero asociadas al ciclo de vida de un producto, servicio u organización y se cuantifica en emisiones de CO2 equivalente liberadas a la atmósfera.

El HDC tiene en cuenta la energía consumida en la extracción de los recursos naturales, la transformación en productos de la construcción, el traslado hasta la obra, la energía consumida en el proceso constructivo y los consumos energéticos y el mantenimiento durante su vida útil.

Se trata de un indicador que aplica una metodología científica que permite cuantificar las emisiones de CO2 en la atmósfera asociadas a cada caso.

Plataformas digitales de apoyo a los técnicos municipales

Las áreas de urbanismo y vivienda de los municipios cuentan con el soporte de la Fundación ITeC – Institut de Tecnologia de la Construcció y de su aliado tecnológico la plataforma digital Climatetrade.

 Gracias al software para project managers TCQI-GMA se calculan las emisiones de CO2 de todas las partidas de la obra, y se pueden compensar en cualquiera de sus cuatro fases de vida de la obra en tiempo real con el marketplace ClimateTrade

Con esta funcionalidad, se tienen digitalizados los registros, certificados y transacciones, y se controla en tiempo real qué porcentaje de la obra queda por compensar su huella de carbono. 

Estos cuadros de mando se pueden compartir con terceros para su máxima transparencia y trazabilidad de los compromisos adquiridos en la licitación y en la ejecución, y en definitiva, permiten contrastar el cumplimiento con los criterios de adjudicación, en fase oferta y en fase obra. 

Alianza ITeC + Climatetrade por la descarbonización de la construcción y edificación Ambas entidades tienen un acuerdo estratégico para neutralizar el carbono de las distintas etapas del proceso de construcción en todo tipo de obras. Con la garantía de que los proyectos compensados no podrán ser duplicados gracias a la tecnología blockchain de Climatetrade. Esta plataforma digital incluye además trazabilidad y acreditación del alineamiento de sus actividades con los Objetivos de Desarrollo Sostenible (ODS) de las Naciones Unidas.

Why does ClimateTrade use blockchain technology to offset carbon emissions?

Why does ClimateTrade use blockchain technology to offset carbon emissions? 600 384 Climatetrade

In the Kyoto protocol (1997) signing countries agreed to limit the emissions of six greenhouse gases, here is where carbon credits were born. This meant that polluting companies,  instead of paying taxes to the governments, could pay directly to the companies which generate those credits.

Likewise any traditional market, brokers started to speculate and get most of the profit, preventing money from reaching the green projects and hence hindering their development. This not only left unprotected carbon credit sellers but also buyers who could be sold the same credit several times (due to the lack of transparency and traceability of the carbon credits cancellation mechanism).

The problem as it usually happens was that the market was centralized in the hands of traditional brokers, who used to manage their own databases which can be manipulated at their own discretion, being able to write, change, delete and restrict access or other actions. The process also becomes more expensive, lengthy and tedious, discouraging many companies from buying / selling carbon credits.

ClimateTrade brings this situation to an end, allowing companies and project developers to benefit from blockchain technology

Blockchains are distributed ledgers which replicate the data across the different nodes involved in the network. That is, instead of being centralized on a single server, the information is decentralized on different computers, each saving its own copy. This prevents any record from being changed or deleted, since it only allows adding new data, thus preventing data from being altered or manipulated.

The information on a public blockchain is accessible to everyone and visible on any block explorer, facilitating the traceability and transparency of canceled carbon credits. Neither ClimateTrade, nor the creators of the blockchain itself could alter the information since all nodes have replicas of the data and are required to follow the consensus algorithm, which ensures the immutability of the data stored in them.

The consensus algorithm used in the blockchains we work with is Proof of Stake. The first blockchains are Proof of Work (Bitcoin and Ethereum 1.0) which involves spending huge amounts of energy to produce new blocks and concentrate the power in the hands of a few miner pools.

On the contrary, the Proof of Stake allows to process a greater number of transactions per second, decentralizing the rewards per block to anyone who operates the blockchain token together with a laptop or mobile connected to validate the blocks, thus saving on fees and reducing the environmental impact in  more than 99%. To go further in the process of automation, ClimateTrade created a REST API available to company developers who wish to integrate this innovative system. This allows the incorporation of already existing projects called from this API into its code, thus offsetting the carbon footprint generated in their business processes.

Sustainability in the United States… Now what?

Sustainability in the United States… Now what? 700 500 Climatetrade

Let us recall that the Paris Agreement was agreed on 12 December 2015, at the Paris Climate Conference (COP21), between countries committed to tackle climate change while accelerating and intensifying the actions and investments needed for a sustainable low-carbon future

In this sense, the United States has a crucial role to play in meeting the agreed targets, being the second largest emitter of greenhouse gases in the world.

During the presidential campaign, President-elect Joe Biden promised to return to the agreement as soon as possible after his announcement as the 46th President of the United States, which will take place on January 20, 2021. In addition, his political agenda involves an ambitious work plan to address climate change and its effects, such as a series of standards and incentives to decarbonise the electricity and transport sectors, among other highly polluting sectors.

It is important to note that US companies have reaffirmed their commitment and many have already taken action to reduce their emissions. Additionally, states and cities are taking action, for example, New York, California and Washington announced the formation of a Climate Alliance, a coalition that will bring together those states that are committed to defending the terms of the Paris Agreement. 

Eleven states, representing more than a quarter of the nation’s population, have carbon pricing programs in place and are successfully reducing emissions. These states are California and the ten northeastern states, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont, which make up the Regional Greenhouse Gas Initiative (RGGI)

RGGI is the first mandatory cap-and-trade program in the United States to limit carbon dioxide emissions from the power sector. And, The California program was the first multisectoral cap-and-trade program in North America.

Climatetrade is the perfect ally for those companies committed to climate action, we have wide experience and a team of experts to work hand in hand to help them offset their environmental impact.

Carbon neutral products and services

Carbon neutral products and services 940 788 Climatetrade

Consumers are increasingly  demanding that companies take action on their environmental impact which is becoming a trend over their purchasing decisions.

What do we offer to our customers?

Climatetrade helps companies to fulfil its most ambitious carbon offsetting commitments, empowering their sustainability strategy with our innovative digital solutions.

Our experience in the market has allowed us to analyse the current needs and detect a lack in the supply of carbon neutral products and services. In the coming years all products will be measured in CO2, and the consumer will know exactly how much they pollute before buying them. 

Did you know that this was possible? For this purpose, we have developed ClimatetradeGo, the first API REST that can be easily and securely integrated into the companies’ systems for them to be able to offer their own customers the possibility of acquiring these carbon neutral products and services during the purchase process. 

ClimatetradeGo provides customers with information about the carbon footprint of their purchases and offers the opportunity to invest in sustainable projects while offsetting it.

We have already  integrated our solution into the systems of large corporations worldwide.

Iberia, offset the carbon footprint of your flight

co2-offsetting-business

The airline offers its customers to offset the carbon footprint of their flight on a voluntary basis and thus, support sustainable development projects, with the integration of ClimatetradeGo during the purchase process in a simple click.

The passenger gets the exact carbon footprint of his trip and the economic amount needed to offset it. 

Tu.com from Telefonica, buy carbon neutral devices

Telefónica recently launched Tu.com, the first online platform for the sale of carbon-neutral devices

Reaffirming its commitment to achieving zero emissions by 2050, the company is selling previously offset devices, taking into account the environmental impact generated by their manufacture.

Instituto Tecnológico de la Construcción de Cataluña (ITEC), associated companies can offset the carbon footprint of their works.

ITec allows its associates to offset their carbon footprint in all types of works, all construction processes involved, such as materials, machinery, transport, etc. and during any phase of the life cycle (manufacturing, construction, use and deconstruction).

Make ClimatetradeGo your competitive advantage and offer carbon neutral products/services, integrate our technology into your e-commerce platform or payment process (checkout). Let each shopping cart of your customers contribute to reduce the environmental impact generated. Contact us! We will advise you on how to enhance your sustainability strategy.

ClimateTrade joins the AEFI, Spanish Association of Fintech and Insurtech

ClimateTrade joins the AEFI, Spanish Association of Fintech and Insurtech 600 384 Climatetrade

Climatetrade is now a member of AEFI, Asociación Española de Fintech y Insurtech, within the Marketplaces vertical.

The mission of the Spanish Association of Fintech and Insurtech is to collaborate, innovate and promote Spanish organisations as the main approach of FinTech and InsurTech and build bridges in the Spanish FinTech ecosystem, promoting interaction between the main players in the market.

It represents Fintech in vertical groups led by specialized coordinators. It has a research area for the development of projects that facilitate the revitalization of the sector and allow the exchange of good industry practices.

Climatetrade is now part of the Marketplaces vertical, which groups together entities whose activity consists of raising funds for the purpose of investing in projects on assets or tangible goods.

project

Landfill gas recovery, energy generation and biogas distribution from CTR Santa Rosa

Landfill gas recovery, energy generation and biogas distribution from CTR Santa Rosa 600 384 Climatetrade

The objective of this project is to avoid methane emissions from municipal waste treated CTR Santa Rosa landfill in Brazil.

CTR Santa Rosa landfill, Waste Treatment plant

The privately operated landfill of CTR Santa Rosa is located in Rio de Janeiro state, in Seropédica municipality, close to Rio de Janeiro city, the second most populous Brazilian city. CTR Santa Rosa covers an area of 1,699,512.97 m2 and started receiving waste in March 2011, having received all necessary environmental licenses for operation. The landfill will initially receive an expected 6,000 tons per day for the first year of domestic solid waste from Rio de Janeiro, Seropédica and Itaguaí municipalities.

The project

The present CPA is to be implemented as part of the CDM PoA: Caixa Econômica Federal Solid Waste Management and Carbon Finance Project

Caixa Economica Federal. Caixa is a large, semi-private Brazilian bank with experience implementing other large-scale government lending and disbursement projects. Caixa created a large-scale Program of Activities (PoA) with the UNFCCC CDM to establish a framework for carbon finance for projects within the program’s scope. Caixa is the Coordinating/Managing Entity responsible for all coordination, financial and technical assistance, oversight, validation and verification of carbon emissions. 

First phase

Phase 1 of the Carbon Credit Project was developed from 2012 to 2019, in which the collection and flaring of landfill gas in high temperature enclosed flares was carried out, avoiding the emission of more than 2.5 million tons of CO2 into the atmosphere.

project

Chacayes Hydroelectric Project

Chacayes Hydroelectric Project 600 384 Climatetrade

Chacayes Hydroelectric is a 111 MW power plant located in the Cachapoal Valley, Libertador Bernardo O’Higgins Region, Chile. Chacayes generates energy using the waters of the Cachapoal and Cipreses rivers, reducing the need to burn fossil fuels to generate power

Operating since 2011, it has been playing an important role in helping to meet the country’s increasing demand for electricity, reducing CO2 emissions and contributing to its economic growth and to the sustainable development of the local communities.

Impact and benefits

The Pacific Hydro´s corporate community plan, engages with localities during the construction and operation of hydro power stations in the region. Local communities also benefit from the sustainable communities fund “Creciendo Juntos” (Growing Together), which aims to improve the quality of life of the population. Since its creation, Creciendo Juntos has delivered more than 1 million dollars to the communities of the Alto Cachapoal Valley.

During its construction and operation, a continuous monitoring of the native fauna has been carried out, and a management plan has been implemented for the community in order to anticipate, avoid and mitigate social impacts, in addition to responding to the concerns of the neighbors, both in rural and urban areas.

The main benefits of this project are:

  • Preserving natural resources.
  • Promoting renewable energy generation.
  • Reducing dependency on non-renewable resources.
  • Helping spread green technology.
  • Improving health.

An innovative solution

Due to the wide variety of measures undertaken and the innovative environmental initiatives implemented during the construction of the Chacayes plant to minimize environmental impacts (for the construction of its tunnels, techniques with minimal environmental impact were used, and an important part of its works were carried out underground so as not to intervene or affect the environment), Chacayes received, among others, the “Hydro Project of the Year Award” by the organizers of the POWER-GEN International and Renewable Energy World North America events, and the “Environmental Initiative of the Year” Award at the International Tunnelling Awards 2011 in Hong Kong, hosted by the UK’s New Civil Engineer and Ground Engineering magazines.

New project: restoring the peatland ecosystem in Indonesia

New project: restoring the peatland ecosystem in Indonesia 600 384 Climatetrade

The Sumatra Merang Peatland Project (SMPP) aims to protect and restore a peatland ecosystem covering 22,922 hectares in the Musi Banyuasin district of South Sumatra, Indonesia.

What are peatlands? and Why are they so important?

Peatlands are a particular ecosystem of great value to our planet. It is a type of acidic wetland caused by the accumulation of plant debris or organic material in a water-saturated environment and in different states of degradation.

Peatlands play a vital role in their environment. They regulate hydrological cycles, maintaining the quality of fresh water and becoming important water reserves. Which are water supplies in the dry season.

Carbon sinks

Peatlands are essential for regulating the global climate, despite the fact that they cover only three percent of the world’s surface, they contain as much carbon as all its vegetation, which is equivalent to one third of all the carbon found on the planet’s soil.

Peatlands are very fragile ecosystems and are in danger of disappearing.

The valuable wealth of peatlands

The project is located within the Merang-Kepayang Peat Dome, one of Sumatra’s largest carbon-rich peat swamp areas, covering more than 150,000 hectares. This area and the surrounding peatland ecosystems are known for their high levels of biodiversity, including vulnerable and critically endangered species such as the sun bear (Helarctos malayanus), the rhinoceros hornbill (Buceros rhinoceros), and the Sumatran tiger (Panthera tigris ssp. Sumatrae)

Peatlands in danger

Without this project, this peat bog ecosystem would have become a fast-growing acacia industrial forest plantation for pulp and paper. The development of an acacia plantation would have reduced the water table, creating GHG emissions from the oxidation of the peat and significantly increased the risk of fire. The SMPP prevents this scenario by conducting restoration activities under a carbon storage and sequestration license.

Impact and benefits of the project

The project implements programs for fire prevention, hydrological restoration, forest rehabilitation, biodiversity conservation, and community development.

  • The climate benefits of the project include avoiding the emission of more than 62,912,755 t CO2e during the life of the project.
  • The project invests in community development programs in nearby villages, based on a comprehensive needs assessment and a community development plan. Community development activities focus on programs that improve access to education through teacher training, extracurricular programs, adult education programs, and improvements to local school infrastructure.
  • Additionally, the project will improve access and quality of public health care by renovating medical facilities, hiring health workers in local villages, and conducting health awareness campaigns on early childhood development. and the fight against stunting.
  • It will also facilitate better access to drinking water and initiate a plastic waste reduction and recycling program.
  • Collateral benefits of biodiversity will be generated through protection and restoration activities, with the support of forest patrols and a biodiversity monitoring program. The SMPP targets significant habitat for 10 endangered and critically endangered species, as well as an additional 19 vulnerable species.
  • The SMPP protects the area from further degradation, facilitates natural regeneration, and strengthens wildlife corridors to neighboring national parks to ensure a more ecologically intact habitat these species can depend on.

This project is the most recent addition to our global portfolio of projects. From Climatetrade you can contribute to rehabilitate and protect this critical ecosystem, avoiding the release of significant volumes of emissions, in addition to creating a conservation area for hundreds of unique and endangered species and also helping the community of surrounding villages.

“Climate Pledge Friendly” label

“Climate Pledge Friendly” label 600 384 Climatetrade

Amazon launches a line of special labels for products and brands committed to the Planet.

Amazon is committed to generating zero emissions by 2040, ten years earlier than required by the Paris Agreement. The e-commerce giant begins to reward brands and products that bet on sustainability.

Online shoppers will be able to see the new “Climate Pledge Friendly” label on over 25,000 products, which have one or more of the 19 sustainability certifications.

The new label will be shown on products and brands that reduce the carbon footprint of their shipments, revolutionising transport operators (cargo airlines, sea shipping, road transport and the last urban mile).

Aiming to achieve zero emissions in 50% of deliveries by 2030, transport and parcel operators will be compelled to participate in the new model.

Brands willing to be part of the  Amazon ecosystem  will need to take steps to neutralise the remaining emissions with carbon footprint offsets.

The companies signing The Climate Pledge commit to three major blocks of action in line with the ultimate goal of Carbon Neutrality.

1. Emissions reduction 

The first commitment is to effectively decarbonise their operations and supply chain aligned with the Paris Agreement through innovation and real change, including efficiency improvements, renewable energy, material reduction and other carbon elimination strategies.

2. Offsetting CO2 emissions

The second commitment is to implement a voluntary offsetting programme for CO2 emissions which have not been able to be reduced after turning their processes into more efficient.

Selecting projects in developing countries in line with their values, with the ultimate aim of achieving carbon neutrality by 2040.

3. Reporting

The third and final commitment is the regular public reporting on the progress of their greenhouse gas (GHG) reduction commitments and targets.

Climatetrade, offers the service of offsetting emissions to companies so that they can achieve their goals. We have an extensive portfolio of verified  projects around the world that meet the highest reputed standards in sustainability.