WE’LL BUY MORE CARBON CREDITS TO MITIGATE CLIMATE CHANGE
On 10 June, the Prodeco Group officially announced the second direct purchase of carbon credits from the REDD+ Pacific Projects (Reducing Emissions from Deforestation and Prevented Forest Degradation in the Colombian Pacific), with which it will acquire 1,200,000 credits.
Carbon markets emerge as a global strategy to reduce the emission of greenhouse gases. The acquisition of carbon credits is a way to buy emission rights with resources that will be used for projects or strategies that help protect natural resources and prevent global warming.
In 2018, the Prodeco Group decided to enter the carbon credits transaction market in order to contribute to national and global greenhouse gas mitigation objectives and to compensate for the emissions resulting from its mining and port operations. In April 2018, it signed a three-year agreement for the first purchase of 40,000 REDD + Pacific Project credits. The investment of these credits is used to finance initiatives for the conservation and restoration of more than 13,000 hectares of primary forest, as well as social initiatives to improve the quality of life of 480 Pacific families in charge of ensuring the welfare of these ecosystems.
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