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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.

How to offset your carbon footprint: complete guide

How to offset your carbon footprint: complete guide 150 150 Climatetrade

Our main objective is to help companies achieve carbon neutrality by offering them our carbon offsetting services. Empowering your sustainability strategy with our innovative digital solutions.

Climatetrade allows you to directly offset your carbon footprint by selecting the desired credits from our project portfolio.

Sign up & find out more!

Decarbonisation in the chemical and pharmaceutical industry

Decarbonisation in the chemical and pharmaceutical industry 600 384 Climatetrade

The chemical and pharmaceutical industries in Europe can do more for carbon neutrality.

It is known that Europe aspires to be carbon neutral by 2050, an economy with zero greenhouse gas emissions. This goal is at the heart of the European Green Deal and is in line with the EU’s commitment to global climate action under the Paris Agreement.

The chemical industries are beginning to detect sustainable practices and promote sustainable procedures.

Together for Sustainability (TfS) is a joint initiative of chemical companies at a global level with a program to assess, audit and improve sustainability practices within industry supply chains. TfS aims to build the standard based on the sustainability performance of suppliers within supply chains, following predefined criteria that are then shared among its members.

TfS member chemical companies can do more to reduce their environmental impact, especially with indirect and their supplier emissions

Industries in general are aware of the great problem of not being able to reduce greenhouse gas (GHG) emissions generated by their activities. Furthermore, a large part of the companies in the sector recognizes that up to 80% of their carbon footprint or environmental impact comes from sources that they do not directly control, including suppliers.

We are talking about vehicle fleets, employee journeys from home to work and vice versa, business trips by plane, train, taxi, and the manufacturing processes themselves.

Even more alarming is the lack of demand on suppliers (of raw materials, consumables, logistics subcontractors, etc.) to align with good sustainability practices and a first approach to the calculation of the environmental impact or carbon footprint of the products and services they supply to their customers.

5-HT digital ecosystem companies in Germany can help TfS member chemical industries

The 5-HT digital ecosystem in Germany owns a technology company specialized in good management practices for environmental impacts and the carbon footprint of large companies from different sectors (airlines, hotels, water and waste, urban mobility, finance, etc.) .

www.climatetrade.com – Climatetrade has started to support SMEs in the chemical-aesthetic sector in Spain to calculate and offset the environmental impact of organizations and is guiding companies in the launch of carbon neutral products.

Digitization of Carbon Markets and Climatetrade’s Carbon Accounting Services Will Help TfS Member Chemical Industries

Regarding digital access to carbon markets and digitization of carbon footprint accounting that ClimateTrade’s marketplace can help TfS member chemical industries.

In this marketplace, polluting companies can balance their carbon footprint by buying carbon credits and contributing to projects that capture CO2 from the atmosphere or avoid its emission.

Thanks to the digitization of these markets, both voluntary and mandatory, the monitoring of environmental impacts and carbon accounting in industries is more transparent and efficient, thus contributing to national objectives in the fight against climate change.

Decarbonisation of the chemical and pharmaceutical industries is a challenge

This will be the biggest challenge of the future, to decarbonise these industries. Since they will not be able to reduce their GHG emissions to zero, it will be necessary to offset the rest of their emissions to achieve carbon neutrality. Companies must take good care of this issue in the future, not only for the planet, but also for their consumers and investors who expect them to act in a sustainable way.

Trees of the future: microalgae reactors to purify the air in large cities

Trees of the future: microalgae reactors to purify the air in large cities 600 384 Climatetrade
  • A 4-meter-high device with intelligent carbon sinks arrives in Spain, capable of cleaning the air that 2,790 people breathe every day, which represents more than 40 tons of CO2 per year. Work is already underway on a new prototype that will also clean viruses and bacteria.
  • This artificial tree is designed to be placed in spaces in the center of large cities that have medium-high levels of pollution such as small parks, schools and hospitals.
  • Climatetrade is responsible for the ‘Biourban’ technology landing in Europe and starting to be marketed in Spain.

‘Biourban’ is a pioneering technology in the world that reduces the carbon footprint and mitigates global warming.The device contains, within its structure, microalgae reactors that absorb pollutant particles to feed on them and, after a natural process of photosynthesis, convert them into oxygen and biomass. Just one of these artificial trees cleans between 40 and 60 tons of CO2 per year.

The system is designed to be placed in the most polluted areas in the center of large cities such as small public parks, schools and medical centers. “The most polluting areas of large cities, structurally do not allow to hold a large number of trees in their spaces, and thanks to this new technology, CO2 capture is maximized and air quality is improved. And, clearly, the installation of a ‘Biourban’ device is complementary to the development of other initiatives such as urban forests, ”says Francisco Benedito, CEO of the Spanish company ClimateTrade.

The first of these artifacts has been successfully installed in Mexico. Specifically, in the capital of the Mexican state of Puebla. There, ‘Biourban’ has reduced pollution levels in one of the busiest areas of the city near the university.

After testing and demonstrating its effectiveness, the ‘Biourban’ technology has landed in Europe from the national company ClimateTrade, which will be responsible for distributing it in Spain. “Cities like Madrid, Barcelona or Valencia suffer from high levels of pollution. With this initiative we intend to maximize the capture of CO2 and improve the quality of the air in our cities.

This technology represents an environmental solution based on nature that will allow the creation of a new circular bioeconomy capable of producing fuels from the pollution generated by our daily activities.

Tu.com

Tu.com 640 384 Climatetrade

Once again, ClimateTrade has become a technology partner for carbon offsetting

This time, together with Telefónica, under its brand TU.COM. The first website for the sale of electronic devices that allows you to offset the carbon footprint generated by your equipment in just 3 clicks, generating, thanks to the blockchain technology, the delivery of an official personalised certificate that guarantees the offsetting of the emissions.

For this purpose, the TU.COM project managers have selected 3 projects with a high environmental impact.

Forest conservation in Peru, Reforestation by means of drones in Guadalajara (Spain) and sustainable agriculture in Brazil. 

You can learn more here.

From ClimateTrade we wish to thank the whole team of TU.COM for the excellent work and for promoting the purchase of eco-technology. A pioneering initiative that is here to stay.

Emissions-Trading-System

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