Carbon credits and ITMOs (Internationally Transferred Mitigation Outcomes) are used in the context of climate change mitigation and the reduction of greenhouse gas emissions. To understand what their similarities and differences are, it is important to know what they are, how they work and under what settings they can be used.
A new path In an era marked by unprecedented environmental challenges, the need for a concerted effort to combat climate change has never been more critical. The Science-Based Targets Initiative (SBTi) emerges as a beacon of hope in the sustainability landscape. This groundbreaking initiative has taken the global business community by storm, offering a data-driven …
Climate change is one of the most pressing issues of our time, and it demands a global effort to mitigate its impacts. At the heart of this effort are the Core Carbon Principles, a set of guiding principles and strategies aimed at reducing carbon emissions and fostering sustainability. In this essay, we will explore what …
To discuss CERCARBONO, we need to go back to the year 2016 when in Colombia, Law 1819 of 2016 emerged, which introduced the Carbon Tax, in response to the goals the country had to achieve in greenhouse gas (GHG) mitigation. From that precise moment, all proposals were aimed at helping the country achieve its objectives. …
Colombian Context, Tax and Climate Proposal Let us review Colombia’s strategic vision for achieving the goal of implementing climate commitments to reduce emissions under the Paris Agreement. By 2050 Colombia needs to reduce its GHG emissions by about 90% compared to 2015 emissions. It must also balance the remaining 10% with proportional national removals (10%). …
Introduction to carbon markets Climate change has become one of the most critical challenges facing our society today. To address this problem, different approaches have arisen, amongst them, carbon markets. Greenhouse gas (GHG) transactions have been recorded since the 1990s, but it was not until 2005, with the entry into force of the Kyoto Protocol …
Carbon Markets: how they work and their differences Read More »
