UN Climate Change Annual Report, in which ALLCOT Group has participated, demonstrates Growing Climate Action

UN Climate Change launched its Annual Report highlighting the progress made on tackling climate change in 2018 and the ways in which the international community can raise ambition and achieve the goals of the Paris Agreement. ALLCOT Group has participated in this report with the publication of one article written by Alexis L. Leroy, Founder and CEO of the company, which can be read at page 15.

The report covers the key achievements of the UNFCCC intergovernmental process and the activities of the secretariat, particularly the impacts of those activities in support of the Convention, the Kyoto Protocol and the Paris Agreement.

For example, at COP24 in December 2018 the world agreed the majority of the guidelines to put the Paris Agreement into action through the Katowice climate package.

The package provides the operational framework for climate action and guidance on tracking and evaluating efforts at the national and international levels. It outlines how countries will report on their Nationally Determined Contributions (NDCs – national climate action plans under the Paris Agreement), the specific actions they will take and how they can communicate their progress. This includes efforts to cut greenhouse gas emissions and build resilience to the inevitable impacts of climate change, as well as financial support for climate action in developing countries.

While current pledges under the NDCs fall far short of where the international community needs to go to achieve its climate goals, by finalizing the Katowice climate package nations showed they are committed to increasing their ambition.

The report also looks ahead at the work to come, in particular the need to put the final touches to the Paris Agreement Work Programme in 2019, for nations to revise upwards their Nationally Determined Contributions and for climate change to be reflected in almost every decision that governments, organizations, businesses, investors and individuals make for years to come.

You can download the report here and read the article written by Alexis. L. Leroy, Founder and CEO of ALLCOT Group in page 15.

ALLCOT Group participates in the 6th FITNESS CONGRESS CHALLENGES in Aix-en-Provence, France

Alexis L. Leroy, Founder and CEO of ALLCOT Group, participated in the 6th Fitness Congress Challenges, which took place June 13 and 14 in Aix-en-Provence, France, with a talk where he spoke about how sustainability can change the fitness industry.

Leroy said that incorporating a sustainability strategy in the fitness industry can benefit the company in many positive ways: Increasing Profitability, attracting environmentally engaged partners, leading in corporate social responsibility or creating a sustainable fitness community by grouping good practices and everyone’s ideas that we can go more far. It’s also giving people the feeling of being part of something new to your teams, to your members.

He also spoke about the importance of incorporating SDG in all the strategies, to demonstrate the commitment to contribute to the 2030 Agenda proposed by the United Nations.

The Sustainable Development Goals (SDGs), otherwise known as the Global Goals, are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. The 17 Goals are interconnected – often the key to success on one will involve tackling issues more commonly associated with another.

6th Fitness Congress

This was the 6th edition of the only professional congress dedicated to managers of all types of fitness clubs in France, but also in Belgium and Switzerland. 400 managers attended this event full of surprises.

Renowned speakers gave their visions on the evolution of the fitness market in France and in Europe, which reinforced the knowledge to achieve strategies companies more calmly. There were 48 hours where club managers from all over France exchanged their opinions with a selection of 20 market-leading partners.

 

ALLCOT Group participates in the Corresponsables Day ‘Third anniversary of the SDGs: Current situation and future challenges of the 2030 Agenda’

Patricia Piñero, sustainability consultant of ALLCOT Group, participated in a debate on June 6 in Malaga within the framework of a new day of presentation of the Yearbook Corresponsables 2019, which will be carbon neutral one year more.

During the day, entitled ‘Third anniversary of the SDGs: Current situation and future challenges of the 2030 Agenda’, the participants in this debate spoke about the fulfillment of the Agenda2030 and how the companies are applying SDGs.

In this sense, Piñero said that ALLCOT is developing a methodology to advise companies so that they can identify which ODS they are fulfilling and which are not and, thus, help them to comply with all of them. He also explained the importance of carbon markets for the achievement of the 2030 Agenda.

Other participants

The inauguration of this day was in charge of José Mª López, Responsible for CSR of Unicaja Banco; Natalia Sánchez, Executive Vice President / General Secretary of Confederación de Empresarios de Málaga; Ricardo Martín, Communication Director of Corresponsables and Javier Cortés, Head Cities Program UN Global Compact and closing the table, Concha Labao Moreno, Delegate Director of Open Government and Transparency of the Diputación de Málaga.

Next, the table of large companies was attended by Sheila Villalobos, Responsible for CSR Covirán; María Deocón, Responsible for Sustainable Development and Innovation in the Costa del Sol and María José Rueda, Technician of RSC Unicaja Banco. Ana María Casado, member of Dircom and Professor of the Department of Economics and Business Administration at the University of Málaga, modeled the table.

Finally, the stakeholder discussion table was held and, in addition to Patricia Piñero, the participants were: Alicia Martín, Head of the Department of Citizen Communication and Social Responsibility of Gestrisam at the City Council of Málaga; Julio Andrade, Director of Cifal Málaga; Diego Isabel La Moneda, Director of Nesi Forum and Juan Jesús de la Torre, Coordinator of the Chair Hidralia + UGR of REDAC. The table was moderated by Carlos García, Member of the RSE Málaga Forum and Manager of the Centro Plaza CC.

 

ALLCOT Group will be presenting at the workshop “Promoting private sector investment in Adaptation via Art 6.8” during Innovate4Climate in Singapore

Sergi Cuadrat, Chief Technical Officer of ALLCOT Group, will attend Innovate4Climate I4C, which will take place from June 4th to 7th June at Marina Bay Sands Expo and Convention Centre in Singapore. On Tuesday, June 4th he will be one of the speakers at the workshop under the name “Promoting Private Sector Investment in Adaptation Via Art 6.8”. The workshop will take place at Simpor Jr 4811 from 9:30 AM to 10:30 AM.

The objective of the workshop is to host a discussion around the concept of co-benefits from projects, drawing on the example of mitigation, to see if the participants agree that the international community could also pay for adaptation benefits.

In the workshop the participants also will speak about Adaptation Benefit Mechanism (ABM), which is cited as an example of a non-market mechanism in the CoP24 text on Article 6.8 and Parties. The workshop will present the progress on the pilot program for the ABM with input from two project developers participating in the pilot and one host country (to be confirmed). The workshop will explain how the ABM works and how stakeholders including project developers, investors and the private sector can be engaged.

“We need to mobilize investment to finance the sustainable development co-benefits (particularly SDGs 13 and 15, relating to climate action and life on land respectively) of adaptation activities in rural or low-income areas where climate impacts are more significant to enhance resilience and to contribute to the implementation of the adaptation components of host party’s NDCs”, Sergi Cuadrat says.

These are all the speakers:

Gareth Philips, Manager, Climate and Environmental Finance, African Development Bank

Axel Michaelowa, Senior Founding Partner, Perspectives Climate Group

Nikunj Agarwal, Head-Global Markets, First Climate Markets AG

Renat Heuberger, CEO, South Pole

Sergi Cuadrat, CTO, ALLCOT Group

Sandeep Choudhury, Director, VNV Advisory Services

Ousmane Fall Sarr, Coordinator of the West African Alliance on Carbon Markets and Climate Finance

Host: African Development Bank (AfDB)

About Innovate4Climate

Innovate4Climate is the preeminent global event on climate finance, climate investment and climate markets. It is a platform that brings together business, finance, policy and technology leaders to accelerate action on financing climate-smart development. In 2019, I4C will focus on green finance, clean cooling, battery storage, climate-smart urban design, Asian climate markets and much more.

The Madrid Book Fair will calculate and offset its CO2 emissions for the third year in a row

The Madrid Book Fair 2019, which will take place from 31st May to 16th June, will once again show its commitment to sustainability by calculating and offsetting the CO2 emissions produced during the event, just as it did the past two years.

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 – in this case, at the book fair.

The project chosen by the organizers to offset their emissions is the same as last year, 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.

The SDGs

This year will also be announced the SDGs that align the fair, so it demonstrates the commitment to contribute to the 2030 Agenda proposed by the United Nations.

The Sustainable Development Goals (SDGs), otherwise known as the Global Goals, are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. The 17 Goals are interconnected – often the key to success on one will involve tackling issues more commonly associated with another.

 

 

ALLCOT Group participates in the first version of the “Sustainability from Zero” event held at Biohotel, Colombia

On April 26, the first version of the “Sustainability from Zero” event took place at Biohotel Organic Suites, of the GHL Hoteles chain. The event managed to bring together the public and private sector and children in one place, to talk about sustainability and continue to involve new generations in the culture and care of natural resources.

Alexis L. Leroy, Founder and CEO of ALLCOT Group, was among the participants, along with the Ministry of Environment and Sustainable Development, the District Department of Environment of the Mayor of Bogotá, the Universidad Panamericana, the officials of the Autonomous Regional Corporation of Cundinamarca – CAR and the leaders of Sustainability of the main companies of the region.

Specifically, among the special guest speakers, who shared with the audience what it is like to lead in a sustainable manner, from each of the entities and companies to which they belong, were:

– Alexis L. Leroy, Founder and CEO of ALLCOT Group

– Ana Karina Quintero, Coordinator of Group C & PNVS of the Ministry of Environment and Sustainable Development.

– Paula Victoria Baracaldo, from PRO-REDES in the District Department of the Environment of Bogotá.

– Marco Llinás Volpe, Rector of the Panamericana University. He also served as Manager of Public Affairs and Sustainability for Coca Cola (2006 – 2015), and Director of Corporate Affairs for Nestlé (2015 – 2018).

Students from the fourth and fifth grades of elementary school from the la Salle Bogotá School, the Jonathan Swift Women’s Gymnasium and the Los Cerros Gymnasium were also present, who also participated as speakers at the event.

ALLCOT Group attended and sponsored IETA European Climate Summit, where leading climate and energy practitioners discussed key developments in carbon markets

Tommi Neuvonen, Group Managing Director at ALLCOT Group, and Fernanda Castro, Head of Operations, attended IETA European Climate Summit, which took place on April 16th to 17th 2019 in Lisbon, with a Pre-Event day on April 15th. Also, ALLCOT was a gold partner of this event, supporting the accomplishment of it.

The summit brought together leading climate and energy practitioners where they discussed and analysed key developments in carbon markets and emissions trading, green finance, industry decarbonisation and energy transition, and beyond.

2019 is a key year for climate action as we get closer to the “post-2020” world, which many of us have devolved and dedicated a lot of effort to help shape. While we approach the 2020 milestone, this event provided an opportunity to take stock of the main developments to date as well as discuss the next steps for climate action primarily at the European level, and internationally.

Beyond the carbon market sessions and panel discussions, the summit also marked the 20th anniversary of IETA that the organization is celebrating in 2019. So all the attendants celebrated IETA’s birthday together, with their members, partners and friends and, in a pure Talanoa spirit, reflected on where we – the carbon market community – are, where we need to go and how we’ll get there, inspiring our actions going forward and in hands on manner.

ALLCOT Group presented “SDG Co-Benefits in Voluntary Carbon Offsetting” as part of CPLC Technical Workshop in Washington D.C

The workshop “SDG Co-Benefits in Voluntary Carbon Offsetting” was presented by Sergi Cuadrat, Chief Technical Officer of ALLCOT Group as part of the Carbon Pricing Leadership (CPLC) Technical Workshop for the 4th Annual CPLC High-Level Assembly (HLA) organized by Gold Standard, WWF and WRI at Embassy of Canada on April 12th 2019 in Washington, D.C.

In 2015, leaders from the member states of the United Nations agreed on objectives to shift all economies and societies toward sustainable and decarbonised development through the adoption of the Agenda 2030 on the Sustainable Development Goals (New York, September 2015) and the Paris Agreement on limiting climate warming to well below 2ᵒC (Paris, December 2015). Both frameworks, although negotiated under different multilateral processes, promote the participation of all countries and are highly interlinked: the Paris Agreement emphasizes the need for sustainable development considerations in low-carbon transitions; at the same time avoiding dangerous climate change is one of the 17 Sustainable Development Goals (SDGs) defined in the 2030 Agenda on Sustainable Development. Thus, failure in one process could undermine the success of the other. The implementation of Nationally Determined Contributions (NDCs) –countries’ emissions reduction commitments– requires huge investments, which are more likely to be financed if embedded in and benefiting national development plans. While, vice versa, prospects for sustainable development depend on a limitation of global warming.

Sergi Cuadrat emphasized that such interdependency can be seen as an opportunity to move away from the discourse of two different agendas that are often perceived to be in competition; and instead pursue their implementation in a way to maximise mutual benefits. The 2030 Agenda for Sustainable Development will not be achieved without the commitment of the private sector and at the same time, companies are demonstrating their willingness to ramp up sustainability action by aligning not only their corporate social responsibility policies, but also their core business strategies, with the targets defined in the SDGs. To achieve these, clarity is required to give business the confidence to embrace the SDGs, as it can be difficult to understand how investments in development activities can have greater impact and help achieve the necessary transformation towards alignment with the SDGs.

ALLCOT is seeing an evolution in the way its clients think about carbon finance and the additional impacts their carbon investments can have so businesses are able to articulate the benefits of their carbon project investments beyond the verified emission reduction. Sergi Cuadrat stated that “businesses can use carbon finance to deliver additional value through alignment with the SDGs, enabling the voluntary carbon market to extend beyond emission reductions, and play a vital role in driving low carbon sustainable development throughout the world”.

In order to assist business in measuring their SDG baselines and to measure future progress, Sergi Cuadrat unveiled that ALLCOT is developing an open-source SDG Quantification Methodology which aims to establish the measurable co-benefits of the SDGs as an operational tool in development activities to ensure a fair carbon price.  The tool will include recommended approaches for the formulation of targets and decision-making pathways based on the individual needs of an organization to measure and report on the impacts of sustainable development actions, including its use in the carbon markets, business supply chain, city-scale interventions or NDC assessments. Although still under development, the design of the tool will consider how to reduce the barriers to measure, quantify and certify SDG impacts, including IT based platforms and blockchain-based solutions.

Pricing carbon, through a carbon tax or cap-and-trade system, has proven to be effective in addressing climate change and can be an essential tool for meeting the SDGs. Therefore, ALLCOT firmly believes that carbon pricing policies should be designed to help achieve the global sustainable development agenda to benefit the fight against climate.

Carbon Pricing Leadership Report

On the other hand, the Carbon Pricing Leadership Coalition (CPLC) has published Carbon Pricing Leadership Report, where ALLCOT Group has participated.  This report acts as CPLC’s 2018/19 annual report, providing an update on CPLC’s activities over the last year. It also showcases articles from thought leaders to inspire and guide government and business leaders to increase their carbon pricing ambition.

You can read the full report here and ALLCOT Group contribution in page 56.

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.