From carbon offsets to biodiversity and plastic credits, this article is a detailed explanation of the different types of climate assets you will find on the ClimateTrade marketplace.
ClimateTrade, the world’s first blockchain-based climate solutions provider, announces the hiring of Will Darrah as chief commercial officer.
Azolla Projects and ClimateTrade have launched a carbon farming program to generate carbon credits in the Spanish agricultural sector.
The Mar de Cortés Forum has signed an agreement with ClimateTrade and Spectrotec to support its goal to be carbon-neutral by 2030.
Spanish oil and gas company Cepsa will offset around 55,000 tons of CO2 from heating oil consumed by its residential customers this winter, the equivalent of planting 330,000 trees, thanks to a partnership with ClimateTrade. This initiative, promoted by Cepsa’s Direct Sales business, is a pioneer among companies in the sector in Spain and will consist of funding several reforestation and forest preservation projects to remove CO2 from the atmosphere. The company will collaborate in environmental initiatives from the ClimateTrade marketplace, most of which will be implemented in Spain and the rest in countries where Cepsa has a presence. Specifically, several of these projects will be carried out in areas affected by forest fires, such as Vilardevos, in the province of Ourense, and Hoyo de Pinares, in Ávila. All heating oil products are included in this campaign and Cepsa will cover the entire cost of offsetting, without passing any of it on to its customers. Thanks to ClimateTrade’s blockchain technology, customers will receive CO2 offset certificates with traceable project information, in addition to being able to individually monitor each of the projects through a Cepsa website. They will also have the opportunity to visit the reforested areas. This initiative is part of Cepsa’s 2030 strategy, Positive Motion, with which it wishes to go beyond net zero emissions to net positive, enabling customers and society to move in the right direction. The company has established an ambitious roadmap to cut its emissions, placing it among the leading companies in its sector. Specifically, by 2030, it will reduce its CO2 emissions (Scope 1 and 2) by 55% compared to 2019 and aims to reach zero net emissions by 2050. As for the carbon intensity index of its products (scopes 1, 2, and 3), the company’s objective is to reduce it by 15-20% by 2030.
ClimateTrade, Climatecoin and FLACMA announce the signing of a Memorandum of Collaboration on technology transfer, research and development activities that will contribute to the fulfilment of Latin American cities’ decarbonization plans. Through this agreement, ClimateTrade, Climatecoin and the Latin American Federation of Municipalities (FLACMA) will work together to develop local carbon footprint offsetting markets/mechanisms, with the aim of achieving climate and health benefits. Climate change affects the social and environmental determinants of health: clean air, clean water, safe food and shelter. Between 2030 and 2050, climate change is expected to cause approximately 250,000 additional deaths per year from malnutrition, malaria, diarrhoea and heat stress. Cities are key to a net-zero emissions future, with 50% of the population living in cities today and 70% by 2050. Digitalization is driving self-consumption energy transitions, increasing distributed renewables to reduce the use of fossil fuels. “Partnerships like FLACMA are essential to bringing knowledge and climate awareness to different parts of the world; that is why, from ClimateTrade, we are proud of partnerships like this because we know that they have the potential to have a real impact on the environment,” said Francisco Benedito, CEO of ClimateTrade. “The cities and municipalities of Latin America have an enormous potential to contribute to the improvement of our planet through countless actions that will lead to a reduction in carbon emissions, but at the same time, they have enormous financing needs to undertake these actions,” added Leopoldo Arnaiz Eguren, Executive President of the Advisory Council of the Latin American Federation of Municipalities (FLACMA). “In the next quarter, we will implement several proofs of concept in different cities in Latin America, which will be based on the origination of carbon credits thanks to Distributed Ledger Technology (blockchain). The agreement is a significant opportunity to improve quality of life, sustainable growth, energy efficiency and increase productivity in large urban centres,” noted Javier Manzanares, Co-CEO of Climatecoin. The effect of climate policy uncertainty by national governments increases the urgency for immediate action at the local and metropolitan levels. Carbon markets have the potential to reduce emissions from cities and municipalities as well as increase infrastructure financing, and need to be harnessed to accelerate urban emissions reductions. About Climatecoin Climatecoin is the creator of the world’s first digital carbon asset. With a carbon-neutral blockchain backed by high-quality carbon credits, Climatecoin will fund credible, high-impact decarbonisation projects around the world, providing investors and climate advocates with a meaningful investment to offset their carbon footprints. The company aims to unleash a global investment movement to neutralise and reverse the Earth’s climate threat by democratising climate finance. More information at www.climatecoin.com About FLACMA Flacma constitutes the most important international organisation in Latin America in the municipal world, bringing together different cities and national associations of municipalities from all countries. The Federation’s main objective is to strengthen municipalities and facilitate their decentralisation, supporting their economic development in order to achieve greater well-being for their citizens. The advisory council fosters partnerships and agreements for these purposes and pilots significant projects linked to the SDGs and climate change. More information at www.cc-flacma.org About ClimateTrade ClimateTrade is a pioneering blockchain-based climate solutions provider, aiming to facilitate large-scale decarbonisation through continuous innovation. On its marketplace, companies can buy carbon, plastic and biodiversity credits, renewable energy certificates or iRECs in a transparent and traceable way. ClimateTrade’s API, Widget and Whitelabel allow customers to integrate the marketplace functionalities into their own platform, making their products climate-positive. ClimateTrade also leads efforts for digital certification of mitigation projects, and supports the digitisation of carbon registries. More information at: www.climatetrade.com
Embracing sustainability isn’t just an ethical choice—it’s a strategic move. Companies that prioritize sustainability gain resilience, customer trust, and long-term viability.
The increasing frequency and intensity of summer heat waves have become a defining feature of our changing climate. Once considered rare and extreme events, heat waves are now more common, longer-lasting, and more severe, raising important questions about their relationship to climate change.
With ClimateTrade, organizations can easily calculate their carbon footprint. Faced with the heated discussion about the climate crisis and the urgency of taking effective actions to reduce the consequences of global warming, many companies are beginning to work on their ESG (Environmental, Social and Government) objectives. Among which is the “calculation of the carbon footprint”, which allows them to visualize a clear panorama of the impacts caused to the environment resulting from their business models. Calculate carbon footprint In a net zero world, every company will be required to calculate and offset its carbon footprint via different CO2 emissions offsetting projects. In many countries, large companies in polluting sectors are already asked to do so by law, and by the end of this decade, this requirement will be extended to many more countries, sectors, and types of companies. In other words, now is the time to prepare for this obligation. Do you need help to calculate the carbon footprint of your company? Fill in the form and a ClimateTrade expert will contact you. What is the carbon footprint? The carbon footprint is the sum of all the greenhouse gases a person, company or even country releases into the atmosphere, expressed in CO2 equivalent. These emissions are responsible for global warming, and as such, they need to be addressed in the fight against climate change. This is why many governments are putting a limit on the amount of emissions companies can produce, which is often combined with a tax on carbon. Many countries and companies have pledged to be net zero by 2050, which means that all their carbon emissions will be offset, and none will enter the atmosphere and destabilize the climate. Calculating the carbon footprint of a company means assessing its impact on the climate. It is a necessary step in combating climate change at company level. Methodology to calculate CO2 emissions Whatever your sector is, it is crucial to follow standard methodology to calculate your carbon footprint. This will ensure you are aligned with industry best practices, and make it easier to report and offset your emissions. Greenhouse Gas Protocol The most widely used methodology to calculate carbon footprint, whether manually or through a carbon footprint calculator, is that of the Greenhouse Gas Protocol (GHG Protocol). The first edition of this standard was published in 2001 after a decade of international cooperation. In 2016, 92% of Fortune 500 companies reported using this standard for carbon emissions calculation. The GHG Protocol offers several relevant methodologies: The Corporate Accounting and Reporting Standard is its generic guidance for companies and other organizations preparing a corporate-level GHG emissions inventory; the Corporate Value Chain Standard focuses on scope 3 calculation and reporting; and the Product Life Cycle Standard can be used to understand the full life cycle emissions of a product and focus efforts on the greatest GHG reduction opportunities. Emissions classification to calculate carbon footprint With this protocol, emissions can be classified into three areas: Scope One: Direct GHG Emissions Scope 1 emissions are those generated by a company’s own operations. For instance, for oil and gas companies, scope 1 represents a very large share of the carbon footprint: their core activities of drilling, extracting and refining petrol and natural gas release large amounts of greenhouse gases into the atmosphere. On the other hand, service-oriented companies such as banks and financial institutions tend to have small amounts of scope 1 emissions, since they work in offices and don’t use polluting processes to make their products. To calculate your scope 1 emissions, think about what you and your employees do on a daily basis. Where do you work (office, factory, field, etc.)? What do you do? How polluting are your daily activities? Scope Two: Indirect GHG emissions associated with electricity These are indirect GHG emissions generated by electricity, process heat or cold, or steam used in processes, as well as transportation. They can begin to be counted from the invoices of the energy supply companies with the breakdown of the kilowatt-hours, therms or cubic meters that they supply. All sectors require electricity to operate, so all companies need to calculate scope 2 emissions. Start with your power supply: how much of it comes from renewable sources, and how much from fossil fuels? How much power do you use for your operations on a yearly basis? This will help you assess how much of your carbon footprint comes from electricity. The same exercise applies to heating or even cooking: companies often use natural gas for these activities, so it is important to calculate the emissions related to them. Then, look at transportation: does your company operate a fleet? Do your vehicles have combustion engines or are they electric? What kind of distance do they drive every week, month or year? This information will allow you to calculate the emissions related to the transportation fuel you use for your operations. Scope Three: Other indirect emissions Scope 3 emissions can be considered “out of your control”: they include the emissions generated by your providers and by your clients in the lifecycle of your product or service. For instance, going back to oil and gas companies, while the extraction and refining of the raw material belongs to scope 1, the combustion of these products in everyday activities such as driving or cooking are part of their scope 3. This is why the general carbon footprint calculation methodology includes scope 3: companies have to make changes and incentivize decarbonization throughout their supply chains. What to include in the Scope 3 carbon footprint of an organization? In particular, it is recommended to include: emissions from the means of transport used by workers between their residence to their workplace emissions from business trips by executives or middle managers, especially flights, trips by private or rented car, hotel stays, boat or ferry trips emissions from outsourced computing services, such as cloud services the emissions of the logistics companies collecting or delivering the products It is worth noting that Scope Three