ClimateTrade, Climatecoin and FLACMA announce the signing of a Memorandum of Collaboration on technology transfer, research and development activities that will contribute to the fulfilment of Latin American cities’ decarbonization plans.
Through this agreement, ClimateTrade, Climatecoin and the Latin American Federation of Municipalities (FLACMA) will work together to develop local carbon footprint offsetting markets/mechanisms, with the aim of achieving climate and health benefits.
Climate change affects the social and environmental determinants of health: clean air, clean water, safe food and shelter. Between 2030 and 2050, climate change is expected to cause approximately 250,000 additional deaths per year from malnutrition, malaria, diarrhoea and heat stress.
Cities are key to a net-zero emissions future, with 50% of the population living in cities today and 70% by 2050. Digitalization is driving self-consumption energy transitions, increasing distributed renewables to reduce the use of fossil fuels.
“Partnerships like FLACMA are essential to bringing knowledge and climate awareness to different parts of the world; that is why, from ClimateTrade, we are proud of partnerships like this because we know that they have the potential to have a real impact on the environment,” said Francisco Benedito, CEO of ClimateTrade.
“The cities and municipalities of Latin America have an enormous potential to contribute to the improvement of our planet through countless actions that will lead to a reduction in carbon emissions, but at the same time, they have enormous financing needs to undertake these actions,” added Leopoldo Arnaiz Eguren, Executive President of the Advisory Council of the Latin American Federation of Municipalities (FLACMA).
“In the next quarter, we will implement several proofs of concept in different cities in Latin America, which will be based on the origination of carbon credits thanks to Distributed Ledger Technology (blockchain). The agreement is a significant opportunity to improve quality of life, sustainable growth, energy efficiency and increase productivity in large urban centres,” noted Javier Manzanares, Co-CEO of Climatecoin.
The effect of climate policy uncertainty by national governments increases the urgency for immediate action at the local and metropolitan levels.
Carbon markets have the potential to reduce emissions from cities and municipalities as well as increase infrastructure financing, and need to be harnessed to accelerate urban emissions reductions.
Climatecoin is the creator of the world’s first digital carbon asset. With a carbon-neutral blockchain backed by high-quality carbon credits, Climatecoin will fund credible, high-impact decarbonisation projects around the world, providing investors and climate advocates with a meaningful investment to offset their carbon footprints. The company aims to unleash a global investment movement to neutralise and reverse the Earth’s climate threat by democratising climate finance.
More information at www.climatecoin.com
Flacma constitutes the most important international organisation in Latin America in the municipal world, bringing together different cities and national associations of municipalities from all countries.
The Federation’s main objective is to strengthen municipalities and facilitate their decentralisation, supporting their economic development in order to achieve greater well-being for their citizens. The advisory council fosters partnerships and agreements for these purposes and pilots significant projects linked to the SDGs and climate change.
More information at www.cc-flacma.org
ClimateTrade is a pioneering blockchain-based climate solutions provider, aiming to facilitate large-scale decarbonisation through continuous innovation. On its marketplace, companies can buy carbon, plastic and biodiversity credits, renewable energy certificates or iRECs in a transparent and traceable way. ClimateTrade’s API, Widget and Whitelabel allow customers to integrate the marketplace functionalities into their own platform, making their products climate-positive. ClimateTrade also leads efforts for digital certification of mitigation projects, and supports the digitisation of carbon registries.
More information at: www.climatetrade.com