Unleashing the hugh potential of small-holders by creating access to the international carbon market
Climate change mitigation is a global task. Numerous studies, such as the latest one by Agora Energiewende (2020), show that in order to achieve the global temperature target below 1.5 °C and to achieve climate neutrality in Germany, three essential steps are necessary to make significant progress:
- 65% emissions reduction by 2030, as part of the EU Green-new-Deal.
- 95% reduction of emissions by 2050.
- Compensation of residual emissions through offsetting and negative emissions projects by 2050.
In this respect, climate protection initiatives and offsetting initiatives in emerging and developing countries have the potential to make a decisive contribution to an emission-free and climate-friendly economy in Germany.
We will bring local initiatives together in Latin America/Colombia to obtain international carbon certification and the corresponding sale on the growing international voluntary carbon market. This economic contribution, resulting from the compensation of emissions, will allow communities to earn additional income and ensure the continuity of project operations.
Our vision at CarbonoLocal is that the positive socio-environmental impacts and emission reductions generated by small-scale initiatives are made visible, recognized and rewarded through the sale of carbon credits.
What is the core problem and why is our solution necessary?
We have found that for an offset project to be profitable, the project’s emissions reduction must be at least 5,000 tons of CO2 per year. To achieve the goal, CarbonoLocal will bring together small initiatives that together reach 5,000 tons/year to obtain certification as a collaborative project. Our goal at CarbonoLocal is to encourage and enable communities to become certified together.
Also, within our services, we will promote the incorporation of European technological advances in renewable energy and energy efficiency (use of waste and biomass). Thus, the price per ton of CO2 could be higher, as it contributes to other sustainable development goals, e.g.: 7. affordable and clean energy; 8. decent work and economic growth.
What is our approach?
We are pioneers in removing CO2 certification barriers for small communities and support them in the application of innovative European technologies that enable greater energy efficiency in their projects and the production of valuable by-products (including clean energy, charcoal, biofuels, biomaterials, etc.). This will allow us to advance technology transfer between Germany and Colombia, contributing to the energy transition in both countries.
What is our current status? What are we working on right now?
We are currently in the process of establishing CarbonoLocal as a UG (limited liability) in Cologne, Germany. We have already found our first two potential offset projects in Colombia in the area of 1. sustainable agriculture and 2. reforestation and biodiversity conservation. If we would start the certification process at the beginning of 2021, the certification would be awarded in the middle of 2022.
We are two sisters born and raised in rural Colombia and currently living in Germany. We are very committed to bringing our expertise in renewable energy, waste-to-fuel technologies and carbon markets to the service of local communities, which can benefit greatly from a socio-economic point of view, while making an important contribution to climate change mitigation.
Laura has been working in the energy-to-fuel sector for about two years and Nataly is currently part of a technology exchange consulting team in the waste-to-energy sector focused on Latin America.
After several discussions and research, we came to the conclusion that there is a lot of demand for carbon credits from both, communities in Colombia and companies in Germany.
Therefore, we decided to follow our dreams and create a company oriented to generate social impact with a focus on gender equality and climate justice.
Master in Natural Resources Management and Sustainable Development – University of Applied sciences of Cologne
Further training „Climate and renewable energy financing“.
Expert in greenhouse gas calculations, climate protection projects in the field of biomass, waste management and agriculture; certification of climate protection projects according to international carbon standards (Verra, Gold Standard) and carbon markets.
Motivation: make visible local climate initiatives and bringing innovative emission reduction technologies to Latin America
Master in Renewable Energy Management – University of Applied sciences of Cologne
Expert in alternative renewable energies and Power-to-X technologies, certification of climate protection projects according to international carbon standards (Verra, Gold Standard) and carbon markets.
Motivation: Social enterprise and local empowerment.