News

Gravity Wave joins Climate Trade to remove plastic from the sea and work together to offer plastic offset credits to IBEX35 companies

Gravity Wave joins Climate Trade to remove plastic from the sea and work together to offer plastic offset credits to IBEX35 companies 600 384 Climatetrade

Oceans are the heart of our planet. They cover more than 75% of the earth’s surface and produce more than 50% of the oxygen that is emitted into the atmosphere. In addition, they are home to a large part of the biodiversity that inhabits the Earth.

Plastic pollution in seas and oceans is one of the planet’s greatest threats and an essential focus in the fight against climate change.

The alliance with Climatetrade is a strategic bet by both entities to explore together a new rising market that is the plastic footprint.

“Our objective with this alliance is that companies and entities take responsibility for their plastic pollution, in the same way that they are already being responsible for their CO2 emissions.”

Gravity Wave proposes an environmental solution and use of the traditional fishing infrastructure to generate a positive impact in the Mediterranean Sea, in addition to facilitating companies to get involved in removing plastic from the sea, promoting SDG 14 and achieving a circular economy model respectful with the marine ecosystems.

In addition, that plastic removed is recycled and transformed into value products 100% recycled made from plastic from the sea in Valencia, enhancing a sustainable, local and ethical production. They are currently developing office furniture, street furniture and consumer products such as mobile stands.

About Gravity Wave

Gravity Wave is a social company located in Calpe, Alicante, which carries out a plastic cleaning project in the Mediterranean Sea together with traditional fishermen who are financially rewarded for each kg of plastic they collect. They have an alliance with Enaleia and more than 80,000 kg of plastic have already been collected from the sea.

About Climatetrade

Climatetrade is a revolutionary marketplace that allows responsible companies to fulfil their sustainability commitments and offset their carbon emissions while supporting mitigation projects around the world.

Pioneering the development of its Blockchain marketplace, Climatetrade has recently launched an API that allows the acquisition of carbon neutral products and services from customers of the different companies integrating this solution.

Climatetrade one of the winners of the 2nd Innovation Wave of Start4big

Climatetrade one of the winners of the 2nd Innovation Wave of Start4big 600 384 Climatetrade

The European innovation initiative Start4big, rewards ClimateTrade in its 2nd Innovation Wave.

In its 2nd Innovation wave has selected 6 startups of the 192 proposals submitted. ClimateTrade has moved to the final phase thanks to its innovative solutions to offset the carbon footprint of organizations and individuals, supporting sustainable projects at the same time. Providing security, transparency and traceability in transactions by implementing blockchain technology.

Start4Big, the first multisector open innovation initiative, is promoted by Aigües de Barcelona, CaixaBank, Naturgy, SEAT and Telefónica, it provides startups from around the world with the chance to work with these major corporations on developing and testing prototypes in real environments and access the market more quickly. 

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.

Climatetrade winner of the UNWTO SDGs Global Startup Competition

Climatetrade winner of the UNWTO SDGs Global Startup Competition 600 384 Climatetrade

ClimateTrade has been awarded by the World Tourism Organization (UNWTO) in the Sustainable Development Goals (SDGs) Global Startup Competition.

Climatetrade has earned recognition from the World Tourism Organization for its work and commitment to meeting Goal #13 Climate Action of the SDGs, and for its contribution to sustainable tourism and widespread ability to contribute to the Sustainable Development Goals.

This international award, which was supported by the United Nations Innovation Network, has highlighted Climatetrade among more than 10,000 StartUps proposals submitted around the world. The UNWTO have valued Climatetrade’s innovative proposal for offsetting CO2 emissions, and its potential to build a better future for people and the planet through tourism.

“The winners show the power of new ideas to transform our sector,” said UNWTO Secretary General, Zurab Pololikashvili, recognizing the potential of tourism to contribute to all the Sustainable Development Goals.

Climatetrade and the other 24 winning startups will receive support and mentoring programs by industry experts. In addition, they will have access to all UNWTO collaborators for the competition, opening the door to possible innovative pilot projects and networking opportunities with important companies and entities.

The winners are also invited to participate in two events, one within the framework of the International Tourism Fair of Spain (FITUR) and the other will take place at the Tourism Tech Adventures Forum, to be held in Qatar in collaboration with Qatar Airways and the Qatar National Tourism Council, another key partner for the project.

Correos Compensa: an alliance with Climatetrade to offset the emissions from shipments

Correos Compensa: an alliance with Climatetrade to offset the emissions from shipments 600 384 Climatetrade

Correos has decided to take climate action. To reach its commitments to fight climate change by 2030, ‘Correos Compensa’ was launched, a collaborative initiative between Correos and ClimateTrade. This initiative offsets the emissions of shipments of citizens and businesses. The logistics operator, with the help of its network of offices, offsets all the emissions of parcel shipments and correspondence from anywhere.

Cabify leads the way in offsetting CO2 emissions with blockchain

Cabify leads the way in offsetting CO2 emissions with blockchain 656 420 Climatetrade
  • The ridesharing company announces its alliance with ClimateTrade, an international leader in efficiency and service traceability on carbon neutrality.
  • Thanks to blockchain technology, Cabify takes a step forward by digitalizing, tracing, and ensuring transparency of both the offsetter and the environmental projects.

The multi-mobility company Cabify, the first and only carbon neutral operator in Latin America and Spain since 2018, has today announced it is boosting its environmental commitment with the pioneering solution of blockchain technology for carbon offsetting and the international expansion of the scheme. Cabify teams up with Climate Trade, leading fintech in Blockchain marketplace development for carbon footprint offsetting.  Road transport accounts for 11.7% of global GHG emissions and urban centers generate 70% of them, according to the International Energy Agency and C40 Cities: cities are therefore instrumental in the solution for climate change, which crucially requires taking steps towards decarbonization of mobility.

As of 2018, Cabify is the first and only company in the field to offset 100% of generated emissions (carbon neutral), not only by its operations but also from riders and corporate clients’ journeys taken in Europe and Latin America, having maintained this commitment for three consecutive years.  During this time, Cabify has offset more than 310 thousand tons of CO2 via environmental protection projects, which equals protecting 12 million trees in the Amazonian Rainforest or avoiding 280 journeys by car from Buenos Aires to São Paulo. At the same time, the company is making progress in the reduction of its emissions and the drive for the electrification of its fleets in 2025 in Spain, and in 2030 in Latin America.  

  • Focused on the environmental protection and the promotion of renewable energies, Cabify announces its involvement in new high-value offsetting projects in Brazil, Peru, and Chile for planetary health.

The projects to avoid deforestation in the Peruvian Amazon; waste management and renewable energies in Brazil; and forest biomass in Chile for energy co-generation, water pollution prevention, and forest fires risk reduction, are articulated by a fund traceability system via blockchain which guarantees full transparency of the process.

“These complex times that countries, cities, and communities are experiencing do not slow us down. On the contrary, they push us more than ever to move decisively towards sustainable urban mobility models. We maintain our progress and commitment to fleet electrification while we ensure making, though the right projects, a positive impact that goes beyond the carbon neutrality we reached three years ago, and also tackles enhancing socio-economic development of the communities we are part of,” said Juan de Antonio, Cabify’s CEO and Co-Founder. 

Decentralizing the offset is a key element in making a direct positive impact, not only on an environmental protection level, but also for socio-economic development, and local green job opportunities in the communities where Cabify offers safe, sustainable, and accessible ridesharing options. Besides, these programs integrate, and have a direct impact on several United Nations Sustainable Development Goals (SDGs) such as Climate Action (13), Life on Land (15), Decent Work and Economic Growth (8), Partnerships for the Goals (17), and Reducing Inequality (10).  

Cabify will soon activate an API integration (Application Programming Interface) and an individual traceability system so that riders and companies using the app can track, for every ride, the carbon footprint emitted and offset for them by Cabify.

Since 2018, Cabify has been a member of the United Nations Global Compact, and it has aligned its sustainability strategy with the 2030 Agenda, and with the United Nations Sustainable Development Goals, with the strong commitment to the European Union Green Deal, which lays the groundwork for the region to be carbon neutral by 2050, and aims for a 90% reduction of GHG net emissions. 

“From ClimateTrade we aim to complement Cabify’s leadership in sustainable mobility, and generate the greatest climate impact through the contributions of its clients. This alliance will provide transparent accreditation of the company’s carbon neutrality, generating a unique tandem in the international context to improve global health,” said Francisco Benedito, CEO of ClimateTrade.

Cities: the focus of efforts for planetary health 

ClimateTrade’s ecosystem aims to tackle climate change and poverty, supporting local development, and generating a positive impact on our planet. The main advantage of this fintech company is the usage of blockchain technology, which accelerates and simplifies transactions with absolute traceability, security and transparency. In this way, it guarantees that the funds invested in the carbon footprint offset are reaching the source. Climate Trade works with projects which are verified against the highest global standards, such as the Clean Development Mechanism (CDM), Verified Carbon Standard (VCS), and Gold Standard.

On June 5, World Environment Day, the United Nations Framework Convention on Climate Change (UNFCCC) launched the ‘Race to Zero’ which seeks to guide cities, regions and companies towards climate neutrality. Digitalizing calculations for the traceability, and offset of emissions places Cabify as the leader in carbon neutrality projects transparency, and allows for a quantifiable positive impact on cities, while they develop their Low Emission Zones (LEZs), Clean Air Zones (CAZs), and more sustainable ridesharing models. 

The Carbon Neutral Cities Alliance showcases the most ambitious local efforts across the globe to eliminate up to 100% of emissions by 2050. Today, 55% of the global population, about 4.2bn people, live in cities and urban centres. By 2050, this figure will rise to 70%, according to the UN.Making progress in planetary health with a multidimensional approach not only reduces disruption to ecosystems and their exploitation but also protects us against pandemics such as COVID-19. According to Dr. Peter Daszak, Chair of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) workshop, “the same human activities that drive climate change and biodiversity loss also drive pandemic risk through their impacts on our environment. Changes in the way we use land; the expansion and intensification of agriculture; and unsustainable trade, production and consumption disrupt nature and increase contact between wildlife, livestock, pathogens and people. This is the path to pandemics.”

Climatetrade announces a partnership with Algorand and Investment from Borderless Capital

Climatetrade announces a partnership with Algorand and Investment from Borderless Capital 656 420 Climatetrade

Climatetrade, a blockchain-marketplace for CO2 carbon offsetting, announced today it will leverage the Algorand, a scalable, secure and decentralized digital blockchain technology network. to bring its technology to the next level. In addition, Borderless Capital has participated in the € 1 Million seed round of Climatetrade to support the company’s strategic plan and expansion goals.

Climatetrade is leading the market in terms of bringing transparency and traceability into carbon markets with blockchain solutions, offering its services to large corporations such as Iberia, Melià Hotels, Cabify, Telefónica, and many others. Climatetrade gives its users access to a marketplace where they can  directly offset their carbon footprint by selecting the most suitable carbon credits, along with  the records of all their transactions in a private dashboard.

Climatetrade and its customers will be using Algorand as its primary infrastructure layer and leveraging its capabilities for carbon offsetting. The key benefits to using a public blockchain network to transact and create an open marketplace for carbon credit trading are greater efficiency, transparency and inclusivity.

“Climatetrade’s selection of Algorand to power a global marketplace for carbon offsetting is a major shift in how organizations can achieve carbon neutrality,” said W. Sean Ford, COO of Algorand. “By making carbon offsetting more easily accessible and efficient, Climatetrade is poised to make a far reaching environmental impact through its vast network — all with blockchain.” 

“After analysing several technology providers and rigorous due diligence, we chose Algorand as the blockchain infrastructure to power our platform. We have no doubt, Algorand is the perfect solution due to its flexible architecture, low transaction fees and scalability of transactional performance. In addition, they are the only pure proof-of stake (PPoS) network and we have an aligned business vision,” said  Francisco Benedito, CEO of Climatetrade.”

Borderless Capital invests in category-leading businesses creating economic value in the borderless economy. This investment will enable Climatetrade to open markets in the United States. The next stop on Francisco’s itinerary will be Silicon Valley, where Climatetrade is planning to open its first office to start commercializing its innovative solutions to those American companies that wish to reaffirm their commitment to sustainability by offsetting their CO2 emissions.

“Borderless is the right partner for us as they have the experience with businesses that integrate blockchain at their core. We are sure that will help ClimateTrade to expand faster and complement our strategy perfectly,” said Francisco Benedito.

“We are excited and proud to join ClimateTrade. The use of Algorand technology and blockchain for making the planet a better place is at core of our investment philosophy and mindset,” said David Garcia, CEO and Managing Partner of Borderless Capital.

This alliance will enable Climatetrade to position itself as the reference for the climate markets worldwide and to progressively create an exponential organization able to make a real impact in the world. 

About Climatetrade

Climatetrade is a Spanish company whose main objective is to help companies achieve their sustainability goals by offsetting CO2 emissions and financing climate change projects. 

Pioneering the development of its Blockchain marketplace, Climatetrade has recently launched an API that allows the acquisition of carbon neutral products and services from customers of the different companies integrating this solution.

About Algorand Inc.

Algorand Inc. built the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. The Algorand protocol is the brainchild of Turing Award-winning cryptographer Silvio Micali. Algorand Inc., a technology company dedicated to removing friction from financial exchange, is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain, and providing responsible privacy models.

About Borderless Capital

Borderless Capital is a modern financial institution investing capital and building financial products that accelerate access, bootstrap adoption, and create value globally through the Algorand borderless economy.

Climatetrade new member of ICC Spain

Climatetrade new member of ICC Spain 600 384 Climatetrade

Climatetrade, new member of the Spanish Committee of the International Chamber of Commerce – ICC Spain.

The International Chamber of Commerce is a global business organization, representing companies from all sectors worldwide. It is made up of thousands of companies, chambers of commerce and business associations from more than 130 countries. The ICC promotes the opening of international trade and investment, as well as the market economy.

It should be noted that the ICC has the status of a consultative entity with the United Nations, its agencies and specialized organizations, and maintains a fluid and close relationship with other international organizations of recognized prestige.

The Spanish Committee of the International Chamber of Commerce is one of the 90 national committees around the world. It is primarily responsible for coordinating with its members to direct the interests of the national business community and to convey to the government the business views formulated by the ICC.

Climatetrade, as a member of the ICC, will participate in the commission’s work. Which cover a wide range of sectors, such as Arbitration and ADR, Banking, Competition, Environment and Energy, Intellectual Property, Marketing and Advertising, Taxation, Trade and Investment Policies, Corporate Social Responsibility and Anti-corruption, Digital Economy, among others.

As a member of ICC, Climatetrade will contribute to the development of the rules at a national and international level, through National Committees and their groups. Likewise, ClimateTrade will receive the information and may be able to participate in the development of policies, laws and regulations from the beginning.

Additionally, Climatetrade has access to all training courses and conferences and to a wide selection of services and practical tools offered by the ICC to facilitate business.

Compañia-emisiones-co2

The Spanish company Correos will offset the carbon footprint of its customers through ClimateTrade

The Spanish company Correos will offset the carbon footprint of its customers through ClimateTrade 746 420 Climatetrade

Currently, we are developing a pilot program called “Correos Compensa” with the parcel and telegraph shipping company, Correos.

This will allow Correos to offer its customers and partners offset their carbon footprint. The pilot program was presented in December in collaboration with Banco Santander, which will be the company that purchases the initial loans during the World Climate Summit in Madrid.

Correos is determined to offset the carbon footprint of all letters and packages delivered with ClimateTrade by next year. 160,000 tons will be offset directly with ClimateTrade in early 2020.

The funds generated by Correos will go to Acciona, a Spanish environmental company that manages multiple projects to reduce carbon dioxide (CO2) emissions.

Carbon-offsetting-platform

ClimateTrade, key green finance service provider

ClimateTrade, key green finance service provider 519 389 Climatetrade

The British Embassy in Spain highlights ClimateTrade as a key provider for green finance in its recent publication made in alliance with Afi, finance school, about the development of the UK and Spanish green finance sectors. In particular a comparative study of the evolution and development in both markets.  

The transition to a decarbonized economy is one of society’s biggest challenges. For this reason, today it is one of the elements receiving the greatest attention by public authorities as well as economic and financial agents. Meeting the objectives and leading the global transition to a low carbon economy will require unprecedented levels of investment in green and low carbon technologies, services and infrastructure.

The report includes both policy and commercial elements in its analysis of this market and a directory detailing a range of companies that work in this area, which we are proud to be a part of. 

The main objective is to identify the opportunities for the Spanish and British economic sectors through the identification of solutions and their providers so that the transition process can be as quickly and efficiently as possible.

This report is a useful tool for companies and policymakers for identifying key areas for the UK and Spain to work more closely together in the development of this important area of financial services moving forward.