ALLCOT Group joins Climatecoin to start the testing of ClimateTrade, its blockchain carbon credits platform

– ClimateTrade already allows peer-to-peer transactions thanks to the CO2 token and will be tested by a select group of corporations and governments.

– The official presentation will take place in December during COP24.

Alexis L. Leroy, founder and CEO of ALLCOT Group, and José Lindo, CEO of Climatecoin, have signed an agreement to promote the use of blockchain in the face of carbon market challenges, such as the double counting, transparency, trust and scalability.

Climatecoin (denominated CO2 in exchanges), was pioneer in tokenization and use of blockchain with the aim of democratizing the carbon market, allowing anyone in the world be involved, in a simple way, in mitigating climate change. Thanks to the funds obtained with its ICO, it has developed ClimateTrade, its own exchange platform for carbon credits.

Based on Ethereum and Stellar technology, it is in the testing phase, but it already allows the promoters of mitigation projects, such as ALLCOT, to connect easily with responsible companies, either by legal mandate or because they are committed to Corporate Social Responsibility.

They want to offset their emissions by buying peer-to-peer carbon credits, directly, without traders or middlemen, leading to greater traceability.

“After these last months of meetings with producers, governments and especially corporations, we confirmed the need to simplify the user experience for investors or buyers of carbon credits, and that is exactly what we have done with ClimateTrade and Climatecoin” Said Jose Lindo.

ALLCOT Group is a leader in tools and strategies for managing greenhouse gas emissions (GHG) for companies of all sizes.

Its services include the development of compensation, measurement and development of GHG emission reduction. Using an innovative approach, they create long-term creative sustainability alliances with clients from different areas.

ALLCOT is a member of IETA, Climate Markets & Investment Association (CMIA), Carbon Pricing Leadership Coalition (CPLC) and Sport and Sustainability International (SandSi).

“The synergy between our entities, through its unique combination of expertise and values aims to bring landmark contributions and innovations to the industry.” said Alexis L. Leroy, CEO & Founder of ALLCOT.

The testing of ClimateTrade in the upcoming months will be the top priority of both companies. ALLCOT has accepted to be the first company to commercialize their carbon credits in the platform, but is not the only one, ALLCOT also offering us to select other companies that would upload their projects to enrich the portfolio fulfilling the highest quality. The second strategic pillar will be the development of new innovative financing mechanisms based on blockchain for the initial phases of projects. And the third, the collaboration before major operations or joint tenders, allowing the international growth of Climatecoin thanks to its global network.

To achieve the objectives, Alexis L. Leroy, CEO of ALLCOT, has become a member of the board of advisors of Climatecoin and also is going to be the representative spokesman at the Climate Chain Coalition, an initiative supported by the UNFCCC.

If you are a producer and you want to be part of the Climate blockchain movement feel free to contact them: info@climatecoin.io

 

 

We are hiring: EU-ETS Business Development Manager and Screen Trader for Compliance Carbon Markets

Position 1: EU-ETS Business Development Manager

ALLCOT is an innovative and dynamic company specialising in end-to-end environmental solutions for individuals and businesses of all sizes.

We offer a number of services related to climate change with a decade-long history in trading in climate change, energy derivatives and the compliance and voluntary carbon markets.

Beyond the compliance services, we have been developing environmental projects and have been active in the corporate sustainability field for several years in numerous markets.

ALLCOT is member of key industry bodies, including IETA, CMIA, and CPLC, and operates under the Quality Management System ISO 9001:2015 certified by Lloyd’s Register since 2013.

To support our growth in the compliance markets, we are looking for an experienced EU-ETS Business Development Manager.

This position is initially located in our Madrid office.  In addition to Spain, our growing company has operations in Switzerland, USA, Mexico, Colombia, France and Guatemala, which would allow opportunities for movement in the future.

Responsibilities for this position will be:

– Propose and structure transactions in the European compliance markets, initially with a focus on Spain and France;

– Collaborate with our existing counterparties and take over management of accounts;

– Coordinate and support strategic partners’ compliance market initiatives;

– Find new counterparties and develop strong relationships with them;

– As a part of the work, you will be expected to represent the company at conferences, networking events, and be involved with the key organisations in the carbon markets to stay up-to-date with international environmental policies and carbon pricing initiatives.

– The position can also include business development and marketing from the portfolio in a broader scope with commodities we work with, such as CERs, VERs, RECs.

Desired Skills and Experience:

– You are an experienced negotiator, comfortable with building relationships and identifying solutions for the benefit of our clients;

– You have experience in a sales role working with EU-ETS market participants;

– You have strong interpersonal and communication skills relating to market information and developments in regulatory policy;

– You have analytical skills required for price structuring, risk assessment and transaction structuring;

– You have the ability to assist in training and supporting other traders, and to improve internal processes.

– You are  able to work under pressure and to tight deadlines;

– You have excellent organizational and management skills;

– You are  able to work as part of a team as well as independently;

– Specific experience in EU-ETS trading and having an existing network of compliance counterparts is a plus

We look forward to hearing from you at: allcot@allcot.com

Position 2: Screen Trader for Compliance Carbon Markets

ALLCOT is an innovative and dynamic company specialising in end-to-end environmental solutions for individuals and businesses of all sizes.

We have  a decade-long history in trading in energy derivatives and the compliance and voluntary carbon markets.

Beyond compliance services, we have been developing environmental projects and have been active in the corporate sustainability field for several years in numerous markets.

ALLCOT is member of key industry bodies, including IETA, CMIA, and CPLC, and operates under the Quality Management System ISO 9001:2015 certified by Lloyd’s Register since 2013.

To support the growth of our futures trading desk, we are looking for an experienced Screen Trader for EUA Futures Markets.

This position is initially located in our Madrid office or Zurich. In addition to Spain and Switzerland, our growing company has operations in USA, Mexico, Colombia, France and Guatemala, which would allow opportunities for movement in the future.

Responsibilities for this position will include:

– Day-to-day trading activities;

– Taking advantage of real-time market information to develop and implement trading strategies;

– Managing and mitigating risk of our futures portfolio;

– Risk management, fundamental analysis and developing further trading models;

– Aggregating, organizing and manipulating large amounts of data in Excel and accurately presenting analytical results;

– Maintaining knowledge of current market developments, regulation/legislation and industry trends.

 

Desired Skills and Experience:

– Experience and qualification with EU-ETS futures markets and associated tools for real-time data;

– ommunicating real-time market information to managers;

– Carbon trading experience;

– Analytical skills required for pricing, risk assessment and transaction structuring;

– Ability to assist in training and supporting other traders, and to improve internal processes;

– Ability to open accounts and develop relationships

– Ability to work under pressure and to tight deadlines;

– Excellent organizational and management skills;

– Ability to work as part of a team as well as independently

We look forward to hearing from you at: allcot@allcot.com

Alexis L. Leroy provides an overview of mechanisms for setting carbon prices at the 3rd gathering of the Parliamentary Network on Climate Change

Alexis L. Leroy, CEO and Founder of ALLCOT Group, participated in representation of IETA as a panelist in the 3rd gathering of the Parliamentary Network on Climate Change entitled Fostering Climate Action in the Americas and the Caribbean: The Role of Parliaments within the Climate Agenda, which took place in Panama City, organized by ParlAmericas and Parlatino.

Mr. Leroy participated as a panelist in session 4, “Carbon Pricing in the Americas and the Caribbean” and he provided an overview of mechanisms for setting carbon prices in the region and various successful cases.

He explained that carbon pricing is the mechanism designed to capture the external costs of emissions of greenhouse gases (GHG). The price on carbon assigns responsibility for emissions on the emitter and provides an economic incentive to shift towards more clean energy.

Later, he spoke about the emissions trading systems and the benefits of the emissions trading EU ETS. For example, he explained that funds raised by EU ETS €11.7 billion and EU emissions were reduced by 23% during the period 1990-2016, while economy grew by 53% over same period. Also, he commentated on Paris Declaration on Carbon Pricing in the Americas, the most important points of Paris Agreement and the desired COP24 outcomes.

The session finished with central debates of the international negotiations, highlighting the role of national parliaments to assure new economic opportunities for all national stakeholders.

 

 

ALLCOT will participate in Earth X México, the world’s largest environmental expo

ALLCOT Group will be one of the participants in Earth X México, the world’s largest environmental expo, which will take place from 2 to 11 November at House of the Lake in Chapultepec Forest, in Mexico City.

Earth X is an event that has been held in the city of Dallas, Texas, for eight consecutive years, but this year 2018 will be held for the first time an international edition in the Aztec country. The Earth X movement is an initiative of an international environmental nonprofit dedicated to educating and inspiring action for a more sustainable future.

Attendees can enjoy an Environmental Film Festival, from 2 to 11 November, where they can see about 40 films that focus on topics such as climate change; conferences, from 8 to 11 November, and exhibitions, from 9 to 11 November.

In addition, all this is done with the objective of promoting dialogue and the participation of investors, entrepreneurs, foundations and organizations in ecological projects and lacking a solid infrastructure.

It is estimated that more than 100 exhibitors from several countries will participate in Earth X México and that more than 30,000 people will visit it. It is worth mentioning that the Earth X in Dallas, which took place last April, was attended by 130 thousand people.

See the program of the conferences here

ALLCOT will participate as a panelist in ParlAmericas’ Climate Change Gathering

Alexis L. Leroy, CEO and Founder of ALLCOT Group, will participate in representation of IETA as a panelist in the 3rd gathering of the Parliamentary Network on Climate Change entitled Fostering Climate Action in the Americas and the Caribbean: The Role of Parliaments within the Climate Agenda. It will be held at Parlatino Headquarters (Ave. Principal de Amador) in Panama City in October 4-5, 2018 and it is organized by ParlAmericas.

Mr. Leroy will participate as a panelist in session 4, “Carbon Pricing in the Americas and the Caribbean” (October 5th, 2018, 9:00 – 10:30) to provide his perspective on the basics of carbon pricing, implementing carbon mechanisms, and the role of legislation and oversight within carbon pricing.

Carbon pricing is the mechanism designed to capture the external costs of emissions of greenhouse gases (GHG). The price on carbon assigns responsibility for emissions on the emitter and provides an economic incentive to shift towards more clean energy. Selecting the best model is critical for driving innovation and incentivizing transformation in key sectors such as energy and mining to limit climate change. At the most recent Conference of the Parties, several issues relevant to pricing and carbon markets remain in negotiation for the rulebook of the Paris Agreement such as double counting, additionality and upholding rights of local stakeholders.

This session will present the central debates of the international negotiations and present the various carbon pricing models, highlighting the role of national parliaments to assure new economic opportunities for all national stakeholders.

 

 

 

ALLCOT attends Sport and Climate Change Summit to promote GHG reduction strategies

Alexis L. Leroy, CEO and Founder of ALLCOT, attended Sport and Climate Change Summit, which took place in New York City, to promote GHG reduction strategies. The event was co-organized by Global Crisis Information Network (GCINET) and Sport and Sustainability International (SandSI) and it was part of New York City Climate Week.

At the Summit, some of the most prominent sports organizations in the world were speaking, including the New York Yankees, New York Mets, Major League Soccer (MLS) , NASCAR and the United States Tennis Association (USTA), among others. One of the issues they discussed was their GHG offsetting investments into cookstoves in Africa. And, precisely, the offsets that they spoke about were arranged by ALLCOT, with SouthPole and Eco-Act.

Sport influence

At the event, participants also discussed about how sport and entertainment might more effectively encourage climate-related behavior change.

Sport has a unique power in attracting the attention of a large proportion of the world’s citizens, who participate in sport and/or are sport fans – and so in influencing their awareness, opinions and behaviors, even across traditional societal dividing lines.

So, all the attendees agreed that there is great and unleashed potential in utilizing the unique power of sport to boost the fight against climate change.

 

 

ALLCOT Group achieves the milestone of 58,000 TIGRs successfully originated and traded with 3 projects in Guatemala in the first semester of 2018

ALLCOT Group achieved the milestone of 58,000 TIGRs successfully originated and traded with 3 projects developed and implemented for 2 companies in Guatemala in the first semester of 2018.

This achievement is even more relevant considering that these projects for developers and traders are the first of this kind in America. The generation happened only 6 months after the signature of the contracts with the clients, owners of electricity generator.

The first one is San Rafael project. The San Rafael Hydroelectric power generator has a 4.2 MW capacity. Situated on the Guatemalan highlands of San Marcos, it is a run of river with no negative environmental impact. The second one, Xolhuitz hydro 2.3 MW project, is located in the geographic region of San Marcos too and the third one, Tunjac, is a solar project which consists of 5 solar plants.

The Tradable Instrument for Global Renewables (TIGR) Registry is an online platform for tracking and trading RECs. The Registry enables developers to generate, verify, and sell RECs. It allows buyers to source RECs anywhere in the world while managing all assets in a single online portal.

Renewable energy certificates (RECs) track all environmental attributes of 1 megawatt hour of renewably generated power. This allows buyers to demonstrate progress toward sustainability goals in a metric, transparent, and verifiable way. For renewable power generators, RECs can provide an additional revenue stream and shorten payback periods on investments.

If you want to know more about TIGRs, you have more information here

Credits from Santa Marta Landfill Gas (LFG) project, in which ALLCOT is participating as a climate change consultancy, are already available under Gold Standard

ALLCOT Group continues working on the development of Santa Marta Landfill Gas (LFG) Capture for Electricity Generation Project, located in Santiago de Chile, and now a new phase has been reached: Credits are already available under the new version of Gold Standard, Gold Standard for the Global Goals. This is a next-generation standard designed to accelerate progress toward the Paris Climate Agreement and the Sustainable Development Goals, allowing a broad range of projects and programmes to quantify, certify, and maximise their impacts.

The project Santa Marta Landfill Gas (LFG) Capture for Electricity Generation Project is a landfill gas to energy project developed by Consorcio Santa Marta S.A. The proposed activity involves the collection and utilization of the landfill gas for generation of electricity.

Santa Marta landfill is an existing and operational landfill site. It is located 17 km south of Santiago city and started its operation in 2002. The site is suitable for municipal solid waste management and it is one of the most important landfills in the region.

The main social and environmental impacts of this project are renewable energy generation, reduction greenhouse gases and generation of a positive effect on health and amenity in the local area as the release of landfill gas can have a negative impact on the health of the local population and environment. The project also has a positive impact on employment in the local area. Additionally, the project helps the Host Country to fulfill its goal of promoting sustainable development.

The project has followed a Large-scale Consolidated Methodology: Flaring or use of landfill gas – Version 15.0 and it has issued an amount of Verified Emission Reductions (VERs) of 217,595tCO2 for the second monitoring period, from 01/09/2015 to 11/05/2016 and 479,774 tCO2 for the third monitoring period, from 12/05/2016 to 31/07/2017.

“ALLCOT Group is a carbon project developer leader. We develop greenhouse gas (GHGs) emission reduction projects in several sectors to contribute in the fight against irreversible climate change. We are delighted about our partnership with Consorcio Santa Marta S.A to advise them how to follow all the phases from the transition to the new Gold Standard for the Global Goals and the monitoring of the sustainability and GHG emissions indicators until the verification and issuance of these high-quality carbon credits”, says Alexis L. Leroy, CEO and Founder of ALLCOT Group.

 

ALLCOT attends the 100th CDM EB meeting for improvement in the use of Clean Development Mechanism

Sergi Cuadrat, technical director of the ALLCOT Group, attended the 100th CDM EB meeting, which took place in Bangkok.

The Clean Development Mechanism (CDM) has incentivized billions of dollars’ worth of investment in climate action and has registered thousands of projects throughout the developing world.

“The CDM is harnessing the entrepreneurial power of markets and the private sector to meet goals on sustainable development and climate change,” said CDM Executive Board Chair Arthur Rolle. “Today, the CDM toolbox is an unparalleled resource, accessible to all, and considered in the design of new regional and domestic market-based approaches and mitigation actions around the world.

CDM projects earn a saleable certified emission reduction (CER) credit for each tonne of greenhouse gas they reduce or avoid, measured in carbon dioxide equivalents. The price paid for CERs has been a magnet for project developers looking to harness wind power, distribute clean cookstoves, or pursue a wide range of other projects. Before a project can be considered for registration, the host country must attest to its potential contribution to sustainable development.

“Work under the CDM shows that actions to mitigate climate change bring many co-benefits in human health, green jobs, poverty reduction and other aspects of development,” said Patricia Espinosa, Executive Secretary of UN Climate Change, in congratulating the Board.

Sergi Cuadrat agrees all of this and he thinks CDM has enjoyed great success in deploying more than $300 billion of investment into clean technology in developing countries around the world. However, he also remarked in his intervention that new CDM issuance rules penalise developers and discriminate against smaller companies, because project developers have to pay their Share of Proceeds before submitting their Request for Issuance rather than after the CERs have been generated (read an article published on ALLCOT website about this here) and he asked for a solution. Also, he proposed a number of solutions.

You can see the video here:

 

ALLCOT, one of the sponsors of “Your Chance” Cup at the Fifth Edition: Soccer competition for institutionalized children

On June 17, 2018, Your Chance Association from Romania organized the 5th edition of the charity sport event ”Your Chance cup”, in collaboration with the Romanian Football Federation.

120 children, coming from placement centers and low-income families in Romania, had a full day of beautiful surprises with prizes and medals.

“We are glad that we have reached the fifth edition of this football competition, where children from disadvantaged environments have a lot of fun and surprise gifts. We thank our partners for helping us to engage children in sports activities, giving them an unforgettable day” says Gabriel Ciobotaru, President of Your Chance Association.

The “Your Chance” Cup started at 9am on Sunday at the Argman Club in Ilfov County, Chitila Village, 34th Troodi Street, and brought together 120 children from orphanages and disadvantaged communities as well as children from the “Social Center Helmut Schlotterer” from Bilciureşti, Dâmboviţa, founded by Your Chance Association in 2016.

Last year, more than 100 children enjoyed this sporting event, coming from centers like SOS Children’s Villages, ICC Romania, Periş Placement Center, St. Macrina Center, The Door Foundation, Life and Light Foundation. This year, the children are from social / foster centers in the 2,3,4,6 sectors and other children from needy families in Peris, Crevedia, Darza, Baldana, Tartasesti and other centers of DGASPC Ilfov.

Sponsors and partners of the “Your Chance” 2018 Cup are: ALLCOT Group, Kaufland Romania, Romanian Football Federation, Orhideea Sport,  Infinity Trophy, Tymbark, P&G, Trattoria Paradis, Cris-Tim, and Carbon Expert.

At the same time, Your Chance Association is running many other projects in support of the community, such as “A Hot Chance” (a warm meal offered every Thursday to homeless people in Bucharest, awarded this year at the Civil Society Gala with the 1st prize), “Smile from the box “(Christmas gifts, packed in shoe boxes, offered to needy children),” Volunteer for health “(free medical checks),” Requisites for your future “(requisites and school bags for poor children or for foster children) , “Build hopes together” (building houses for poor families), etc. Your Chance Association inaugurated a computer room in Buftea in 2015, proposing to digitally literate over 100 children from poor families, and in 2016 in Dambovita County, the “Helmut Schlotterer Social Center” in Bilciuresti, where it hosts and educates orphaned or poor children.