ALLCOT Colombia, as an associate of ASOCARBONO, actively participated in the I TRADE-UNION EVENT 2019

On Wednesday, April 10, the first trade-union event of the Colombian Association of actors of the carbon market (ASOCARBONO) took place. In this first meeting we worked on the premise of generating a “Participation Process for the Construction and Strengthening of ASOCARBONO.” The commitment, interest and enthusiasm of the associates were protagonists, which will allow us to face the challenges and opportunities that we have to future.

“The commitment of reductions of GHG emissions from Colombia to 2030, is APPROXIMATELY equivalent to 670 million tons of CO2 equivalent throughout the period 2015 – 2030”

The contents of each of the exhibitions are presented here:

  1. MINISTRY OF ENVIRONMENT AND SUSTAINABLE DEVELOPMENT

Camila Rodríguez, Mitigation Coordinator of the Climate Change office of the Ministry of Environment and Sustainable Development, presented the current state of market regulation and the regulatory process of the Climate Change Law (Cap and Trade).

Key messages of the presentation:

  1. Take into account the differences and objectives of the regulatory instruments that give signals of pricing and market VS technical carbon accounting instruments.
  2. Importance of the consistency of carbon accounting under the different instruments towards national GHG mitigation goals.
  3. Need for harmonization of instruments (taxes, fees, ETS) towards national GHG mitigation targets.
  4. ICONTEC, VERRA and ONAC were in charge of the audit of carbon projects and the role of the standards entities and the OVV.

During the presentation of ICONTEC, the Legal Framework for the validation and verification of carbon projects in Colombia was mentioned, remembering that these processes, for mitigation initiatives, must include the requirements of Resolution 1447, taking into account the construction of the baseline, additionality and the report of the project status to RENARE, without neglecting, that must be formulated and the document finished before requesting the validation.

  1. ICONTEC, VERRA and ONAC were in charge of the audit of carbon projects and the role of the standards entities and the OVV.

During the presentation of ICONTEC, the Legal Framework for the validation and verification of carbon projects in Colombia was mentioned, remembering that these processes, for mitigation initiatives, must include the requirements of Resolution 1447, taking into account the construction of the baseline, additionality and the report of the project status to RENARE, without neglecting, that must be formulated and the document finished before requesting the validation.

VERRA presented the current status of projects registered in VCS in Colombia, where it is evident that there are about 30 projects registered, of which 60% are focused on agriculture, forests and land use, so there is an annual estimated emission reduction by an approximate value of 11 million tons.

For its part, ONAC, the National Accreditation Body of Colombia, emphasized the trust it represents for third parties in relation to the processes that must be accredited in the future for the validation and verification of carbon projects in the country.

Emissions Trading System – CAP AND TRADE

Econometría. He stated that both the Carbon Tax and the Emissions Trading System, SCE, are complementary instruments that will allow incorporating the externalities of GHG emissions into the economy; In addition, it was evident that the implementation of an SCE is not simple and has some steps that must be followed to guarantee the greatest benefit for society. The Climate Change Law is the starting point for the implementation of the SCE, a process that is just beginning and for which it has two and a half years, from now on, for its regulation.

ALLCOT Group attended IETA EU Working Group Strategy Meeting in Brussels

Casiana Fometescu, who is in charge of Bussiness Development for Eastern Europe of ALLCOT Group, attended IETA EU Working Group Strategy Meeting, which took place in Brussels last week. The first presentation was from the representative of the European Commission, DG Climate action, Mrs. Beatriz Yordi, a very open message that the Commission is always open to listen, understand and act towards better climate and business conditions. She emphasized the idea of the stable framework of the EU ETS, the fact that CO2 is becoming one of the largest financial commodity where billions of euro are under trade and other coming funds are now expecting through the ETS Modernization fund.

She informed that revision of the auction regulation will start soon and IETA will be included in the consultations.

These are the ideas interesting to point out:

– Under the current new regulations of 2030 target of 40% GHG decrease, in reality a bigger decrease will happen of around 45%, taking into consideration current levels and also the linear reduction factor (LRF) of 2.2%;

– EU Emissions cap on 2030 will be around 1334 MtCO2 compared to the current 1,6 BtCO2. On 2050, the cap will be of just 370 Mt or only 14Mt (if LRF of 2.9% will apply);

– The analysts from Refinitiv pointed out that in the 2050 zero emissions concept target, the EU ETS CO2 price will either rise to 250-300 Euro/tonne or the EU ETS will no longer exist since its functionality might not have any sense;

– IETA pledged to lobby the European Commission to introduce an article in the EU ETS Directive regarding Article 6 from the Paris Agreement and international credits, to let these penetrate in the European market and to ask the EC if they agree with the Article 6 since this article is about linking international markets and accepting ITMOs into regional/national schemes. Thus, linking means the use of international credits into the EU compliance market;

– EUA prices will go up until 2022 or 2023 to reach then 30-35 Euro/EUA and then go down again due to the implementations of RES Directive and Energy Efficiency Directive, and from that date it’s expected to have again an excess of supply;

– Statkraft would like to propose to the EC an increase of MSR (Market Stability Reserve) to 24% and make the intake rate permanent;

– An interesting case was presented: Western Climate Initiative – the linkage scheme of California with Canada provinces Quebec and Ontario. Although, Ontario linked to the WCI on the 1st January 2018, they have already announced that they will exit the scheme this year due to technical and political reasons. Ontario estimate an increase in CO2 price till 40 Euro on 2030 from the current level of 16 Euro, which will destabilise its economy;

– Discussions on Brexit were also tabled, but the case seems too complicated even for UK nationals to foresee which scenario will be adopted, eventually. Yet, a hard Brexit will destabilise the EUA price compared to a Brexit with EU agreement. In the event of a hard Brexit, the idea of linking the future UK ETS with the EU ETS is an option.

– Switzerland approved to link its ETS with the EU ETS and implementation is expected to happen at the beginning of the next year.

The reporting period of the Annual Operation Certificate (COA) 2018 begins in Mexico and ALLCOT Group advises on this

The Secretariat of Environment and Natural Resources of Mexico, SEMARNAT, has announced that on March 1 the reporting period for the Annual Operation Certificate (COA) 2018 has begun and that it ends on June 30, 2019.

The SEMARNAT is the one that reviews and concentrates the reporting instrument of the emissions and transfers of the establishments subject to federal competence report: fixed sources of federal jurisdiction, large generators of hazardous waste, waste management service providers, those that discharge water residuals to receiving bodies that are national waters, among others.

We should remember that Section VI of the COA reports and records the greenhouse gas emissions of 2018, as part of the National Emissions Registry, for which the same period applies to the Reporting Entities obliged to do so since they are generators.

Do you know if your company is subject to mandatory reporting? If you have any questions, do not hesitate to get in touch with Allcot Group, we advise on these procedures. You can write to Jessica Domínguez jd@allcot.com.

¿What is COA?

The Annual Operation Certificate (COA) provides information on emissions and transfer of pollutants to the air, water, soil and subsoil, hazardous materials and waste at the federal level in Mexico, to analyze the inflows and outflows, and apply reduction of pollutants, develop environmental and energy indicators, establish priorities under cost-benefit criteria and increase efficiency and reduce environmental damage, favoring competitiveness at the international level.

For companies, the COA is a pollution prevention tool that aims to improve environmental performance in the industry and serves as an internal use report that becomes an instrument for environmental planning and, as well as for the adoption of clean technologies or programs to detect environmental problems.

Job Description: Sales Trader. Madrid-Paris or Sofia

ALLCOT Group is one of the leading companies in environmental financial services. Founded in 2009 in Switzerland, it soon expanded its operations internationally.

 The culture at ALLCOT Group brings together smart and talented people from diverse backgrounds who enjoy a collaborative and innovative environment that supports flexible and agile working. You’d be joining a leading company in environmental finance with the career potential you’d expect and develop a set of highly sought-after transferable skills.

Primary Responsibilities

The company is looking for a Sales Trader in the Environmental commodities space to work in Madrid (Spain), Paris (France) or Sofia (Bulgaria)

The role will include:

  • Joining the Sales Trading department of ALLCOT Group.
  • Understanding a dynamic marketplace with all the opportunities that may arise.
  • Building and maintaining client relationships.
  • Liaise with the Treasury Department and Back Office to achieve a smooth trading process in place.
  • Represent the firm at conferences.
  • Engage with, follow and be up to date with regulatory policy.

Qualifications:

  • Undergraduate Degree in Economics, Business or Energy related fields
  • Proficiency in English
  • 0-3 years of relevant experience
  • Ambitious, self-motivated and team-oriented person
  • A professional that takes responsibility for his/her own decision

Compensation & benefits:

  • We are looking for the most skilled professionals in the market and we want to provide the chance to achieve an excellent result-oriented bonus scheme
  • Challenging work environment
  • Excellent Work-Life balance

How to apply:

Please send your CV and Cover Letter to : allcot@allcot.com

 

 

ALLCOT Group achieved the milestone of selling all the TIGRs originated with the project San Rafael AGEN SA

ALLCOT Group achieved the milestone of selling all the TIGRs originated with the project San Rafael AGEN SA. Now, ALLCOT is working on the process of generating a new batch of them to meet the demand of this kind of credits. Also, the company is working on the developing of other projects that will generate TIGRs.

The San Rafael project reduces emissions of energy generation by supplying the national grid with clean renewable energy. The project itself is a hydroelectric power generation with a capacity of 4.2 MW and is located in the San Macros province of Guatemala. The project is owned by AGEN S.A, a renewable energy developer registered in Guatemala who have developed and financed the project themselves with only support from the local bank.

The project has a positive social impact on the local communities where AGEN provides, employment and business opportunities for the locals, as well as improving the local infrastructure. This project advances the following United Nations Sustainability Development Goals: 7 (Ensure access to affordable, reliable, sustainable and modern energy for all); 8 (Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all) and 13 (Take urgent action to combat climate change and its impacts).

About TIGRs

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

 

ALLCOT Group, one of the key companies of Global Carbon Offset/Carbon Credit Trading Service Market Growth (Status and Outlook) 2019-2024 report

Carbon Offset/Carbon Credit Trading Service market Report, carried out by Pioneer Reports, offers important information linked to the overall market and price forecast over a five-year period, from 2019 to 2024. In this research, the experts have provided essential figures which relates to the production and consumption forecast for the key regions, production forecast by type, and consumption forecast by application. Carbon Offset/Carbon Credit Trading Service market 2019 report displays in depth analysis of the parent market based on top players, present, past and futuristic data for profitable guide.

The Report Covers of Various Company Profiles of Fundamental Market Players of Carbon Offset/Carbon Credit Trading Service Market and ALLCOT Group is one of them.

This report divides the market into a few key countries based on sales (consumption), revenue, market share, and growth rate of the market in these countries over the forecast period 2019-2021.

The points that are deliberated within the report are the key market players such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The capacity, production, price, income, cost, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological progresses that are incorporated within the report

The Carbon Offset/Carbon Credit Trading Service market is scrutinized for price, cost and gross. These three points are investigated for types, companies and regions. Data sale price and region is also comprised. Finally, Carbon Offset/Carbon Credit Trading Service market report is the reliable source for gaining the market research that will exponentially accelerate your business.

More information here

Where carbon credits meet Agroforestry: a partnership between ALLCOT and reNature

ALLCOT Group and reNature Foundation signed an agreement to generate carbon credits from Agroforestry projects located above all in Brazil, Colombia, and Indonesia.

Carbon credits have always been dialoguing mainly with reforestation programs, but now it’s time to give Agroforestry a chance. Since Agriculture is the major driver of depletion of natural resources worldwide, ALLCOT & reNature is now teaming up to show the science and economical viability of shifting to a more sustainable way of producing food and raw materials.

Agroforestry prevents slash and burn methods and restores the natural balance between water, air, soil and biodiversity, bringing back ‘nature’ in farming. Mixed planting systems like agroforestry have a much higher carbon capture levels than monocrop systems.

reNature Foundation help farmers, companies and industries to change their commodity production method to a Regenerative Agroforestry system. Instead of growing one single crop like corn or cocoa that needs high quantities of water and inputs, and just exhausts the soil, they teach farmers how to grow multiple types of crops together that support and strengthen each other as well as improving the condition of the soil. ReNature exchanges knowledge, designs, and implements economical viable model farms.

“The goal of reNature Foundation is to restore 1.000.000 million hectares of degraded landscape worldwide through by 2030. Allcot is the perfect partner to reach that goal”, said Felipe Villela, co-founder of reNature.

“I am delighted with this synergy. I think that to support agroforestry is essential nowadays if we want to reach ODS and the Paris Agreement”, said Alexis L. Leroy, CEO & Founder of ALLCOT.

 

Affif Campos Sefair and Nicolas Roduner join as new Director and Commercial Manager respectively at ALLCOT Colombia

Affif Campos Sefair has become the new Director of ALLCOT Colombia. Francisco Charry, who until now held this position, leaves the company to begin a new professional stage: he will occupy a high position in the public sector. He will work as the new Director of Climate Change and Risk Management of the Ministry of Environment and Sustainable Development of Colombia.

Affif Campos Sefair has a long experience. He is a Professional in Business Administration and Law, specialization in Environmental Law. He is qualified for job performance as an advisor and consultant in specific areas of management and administrative logistics, with extensive knowledge in labor law, human resources and execution of processes by objectives.

In recent years he has provided freelance services of legal consulting, recruitment and environmental in the private area with Environmental Business and Technologies Ltda. He also has experience in management positions in the public sector, in which activities of management and planning of the Government Office and Institutional Development of the Mayor’s Office of Chía, in Cundinamarca, were developed.

For his part, Nicolas Roduner will work as Commercial Manager at ALLCOT Colombia. In recent years he has provided technical, regulatory and strategic advisory services to public and private customers on renewable investment decisions and on the policy framework within the Swiss and the EU ETS. He has also worked on projects to reduce emissions in Latin America and has given support in the implementation and promotion of energy districts in Colombia.

To contact the two new members of ALLCOT Colombia, you can do it here:

Affif Campos Sefair: as@allcot.com

Nicolas Roduner: nr@allcto.com

 

Start Fitness Club, carbon neutral thanks to its agreement with ALLCOT

Start Fitness Club, located in Nice (France), has become carbon neutral thanks to its agreement with ALLCOT, which has calculated the emissions generated by the club in 2017. Also, ALLCOT carried out the offsetting process. This is the first fitness club in France to calculate and offset their emissions, so this initiative shows its commitment to sustainability.

The GHG emissions of Start Fitness Club came from the generation of purchased electricity consumed by the company. Also, some of them are a result of the water consumption, and the emissions generated in the production of some goods they bought during the last year due to the activity of the club, and their correspondent waste.

After knowing the emissions they generated, Daniel Hallifax, owner of Start Fitness Club,  decided to offset them. The offsetting of CO2 consists of an economic investment in projects that are usually in developing countries that eliminate from the atmosphere a volume of emissions equivalent to the amount produced elsewhere.

The project chosen by the club to offset their emissions is the Brazilian Rosewood Amazon Conservation (RMDLT) in Pará, Brazil. This project supports the fragile ecosystem of the Amazonian rainforest by preventing deforestation and giving degraded forests an opportunity to regenerate. It will prevent net emissions of more than 20 million tonnes of CO2 equivalent over the project’s 40 year lifetime. This project also supports 130 families living by subsistence agriculture and provides protected habitats for animals in danger of extinction.

CPLC Secretariat awarded second COP24 Carbon Pricing Champion Award

The International Emissions Trading Association and the Climate Markets and Investment Association presented the second Carbon Pricing Champion Award, sponsored by ALLCOT Group and CRX, to the Secretariat of the Carbon Pricing Leadership Coalition.

The award was presented to Angela Churie Kallhauge, Head of Carbon Pricing Leadership Coalition Secretariat.

The award salutes those who demonstrate true leadership by taking action and inspiring others to leverage the power of carbon pricing for the global good.

“We’re thrilled to recognise the work of the CPLC Secretariat in supporting those jurisdictions who are committed to putting a price on carbon,” said Dirk Forrister, CEO of IETA. “The CPLC team helps bring together business and governments, environmental NGOs and academics to build momentum for carbon pricing that work.”

“CPLC is a really important initiative,” said Margaret-Ann Splawn, Executive Director of CMIA. “The Secretariat’s accumulation of experience, data and knowledge is a valuable tool for the success of the Paris Agreement, as the CPLC expands the use of carbon pricing policies.”

Inaugurated in Paris in 2015, the CPLC groups 33 national and sub-national governments with more than 160 private sector companies and business groups dedicated to advancing the carbon pricing agenda.

IETA and CMIA thanked sponsors ALLCOT Group and Climate Resources Exchange for supporting the Carbon Pricing Champion Awards.

“We are very proud to be able to support this initiative, promoted by IETA and CMIA. CPLC team led by Angela Churie Kallhauge deserves this recognition. We find their work on building traction around carbon pricing key to allow private to take concrete action. We have seen that more and more leaders inspired by the Coalition’s work and hope this will encourage further”, said Alexis Leroy, CEO and Founder of ALLCOT.

ABOUT THE CARBON PRICING CHAMPION AWARDS

CMIA and IETA launched the Carbon Pricing Champion Awards at the Paris COP in 2015. Over the last three years this award has recognised California, Ontario, Quebec, New Zealand and Chile for their progress on market-based instruments to address climate change.

ABOUT INTERNATIONAL EMISSIONS TRADING ASSOCIATON:

IETA is the voice of business on carbon markets around the world. Established in 1999, IETA’s members include global leaders in the electricity, oil/gas, cement, aluminium, chemical, mining, technology, standards, verification, broking, trading, legal, finance, accounting and consulting industries.

ABOUT CLIMATE MARKETS & INVESTMENT ASSOCIATION:

CMIA is a non profit trade association with the mission to stimulate a shift in the direction and scale of private and public financial flows into investments which are consistent with the objectives of the Paris Agreement.

ABOUT ALLCOT GROUP:

ALLCOT develops, manages and trades in all sectors related with climate change mitigation. The company is a leader in greenhouse gas (GHG) emissions, management tools and strategies for businesses of all sizes.

ABOUT CLIMATE RESOURCES EXCHANGE:

CRX offers services in engineering consulting & carbon consulting. These include energy efficiency projects, carbon profiling, carbon offsets, sustainability reporting, renewables project origination and corporate social strategising.