Sustainable finance (public/private)/market mechanisms/carbon pricing

The creation of a voluntary and regulated emission offset system entails the adoption of innovative initiatives in the field of GHG emission mitigation. The implementation of this system is key to supporting organisations, entities and companies within the framework of social, corporate and entrepreneurial responsibility, as it facilitates the offsetting of their carbon footprint and the approval of policies to combat climate change in its operation. Similarly, the articulation of a national GHG emission offset system can serve to encourage and coordinate disperse activities related to the environment to be conducted by institutions and companies. For this system to be reliable it is essential to create the foundations to ensure the full transparency and integrity of the carbon credits that enter the system. Therefore, in parallel with the creation of the emission offset system, it will be necessary to determine a carbon standard that demonstrates the environmental integrity of the carbon credits generated by the different projects and the creation of a credit registry system that clarifies the ownership of the credits and their traceability.

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