CARBON FORUM – Climate Week New York City

BIOFIX CONSULTORIA participated in the Carbon Forum within the framework of Climate Week that took place on September 24 and 25, 2019 in New York City. The event discussed the challenges and opportunities of carbon pricing, where carbon pricing is intended to make high-emission products and processes more expensive. With this, companies with products that emit GHG may experience a reduction in income, but will be incentivized to decarbonize their products and develop green and sustainable businesses.

Colombia leads the discussions by having a carbon price established in the carbon tax and by having a compensation mechanism for this tax, which encourages the proper functioning of the carbon market. Among the participants to the event, the Environmental Defense Fund, Climate Action Reserve, Shell, Allcot, Chevron, British Petroleum, Equinor, SouthPole Group, Verra, among others, who highlighted the advances of Colombian regulation in this regard and highlighted it as an example to other countries.

During Climate Week in New York, BIOFIX CONSULTORIA founding member of ASOCARBONO (Association of Actors of the Colombian Carbon Market) also held a meeting with the management of the International Emission Trading Association (IETA), to establish an understanding agreement of synergy between the two entities.

The consolidation of an alliance between IETA and ASOCARBONO would help strengthen the carbon market in Colombia through analysis and constant participation in decision-making, since IETA is recognized in the United Nations Framework for Climate Change (UNFCCC) and it would give the opening to make globally visible the actors of the Colombian carbon market affiliated to ASOCARBONO.

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