Carbon credits 2.0 allow companies to generate additional income by reducing CO2 emissions in electric transport projects. During LATAM Mobility & Net Zero Mexico 2024 , Susana Ricaurte, leader for Latin America and the Caribbean at Zeroca , explained the key points that companies should consider.
In this regard, Ricaurte explained that for each ton of CO2 that a project reduces, a certificate is awarded that can be sold in local or international markets .
He also indicated that in the carbon credit market there is a focus on bilateral agreements between countries, where commitments to reduce emissions are key to guaranteeing the credibility of offsets.
However, the specialist explained that the carbon market is not a complete solution to cover the high costs of transport electrification, but it does represent an additional source of financing that can close significant gaps.
Through contracts that can extend until 2030, projects can receive payments for verified emissions reductions , allowing companies to earn revenue as they move toward electrifying their fleets.
He said his company has already implemented such projects in several countries , including Chile and Uruguay, Colombia and more, and continues to develop electromobility programs for other markets in the region.
“We already have programs that we are advancing in the region, such as Chile, which has a bilateral agreement with Switzerland. We are developing an electromobility program for different modes of transport,” Ricaurte said.
Ricaurte also highlighted that the success of these projects not only accelerates the adoption of electric vehicles , but also contributes to the fulfillment of national commitments under the Paris Agreement .
The expansion of carbon credits globally, with bilateral agreements between countries such as Switzerland and Chile, opens up new opportunities for emerging economies in Latin America, where the electrification of transport is emerging as a key solution to reduce the carbon footprint.
“As a company, we do all the registration and development of the documents in order to have a registration in the standard and then we do the international monitoring. We really take on all the risk, that is to say, we earn in the end a success commission, a success commission specifically for the level of reductions that each of the projects that are part of the community program have,” Ricaurte said.
He also said that electromobility projects can monetize their sustainability efforts, while contributing to global emissions reduction goals.
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