Grupo Prodeco signed an agreement for the multi-year purchase of carbon certificates

April 21, 2018. Grupo Prodeco became the first private company in Colombia to sign an agreement for the multi-year purchase of carbon certificates that takes place in the country between ethnic communities and a private company committed to offsetting its carbon emissions.

The agreement was signed in an act with the presence of the President of the Republic, Juan Manuel Santos, in the municipality of Chimichagua, Cesar, where the Ciénaga de Zapatosa was designated as a Ramsar site, as part of the celebration of Earth Day this Sunday, April 22.

"Today we sign an important agreement with Prodeco (.....) This gives the green light to many more agreements of this nature, that will help us to protect the environment and that will allow companies to contribute to mitigate the impacts of climate change", said President Santos.

"It is the first agreement of this type in the country and it is estimated that there will be a capture, with this project, of more than 2 million metric tons per year (...) this will represent a very large income to the communities, simply for planting and taking care of the forests, "added the President, highlighting the importance of this initiative that is the result of joint work between private companies, government, communities, USAID and other institutions.

The signatories of the agreement were Mark McManus, president of Grupo Prodeco and José Luis Gómez, director of Fondo Acción, an NGO representing 20 ethno-territorial communities in Colombia's Pacific region that leads the REDD + Pacific Portfolio, which follows the global initiative REDD + for reducing emissions from deforestation and forest degradation. This project has funding from USAID and support from the Ministry of Environment and Sustainable Development of Colombia.

Kevin Whitaker, Ambassador of the United States, and Luis Gilberto Murillo, Minister of Environment, were the guarantors of the agreement.

“We are convinced that through this agreement we can help make a difference and positively impact the conservation of natural forests in the country and the construction of territorial peace. Grupo Prodeco is honored to be part of this process and will continue to support these initiatives in favor of sustainable development through the mining industry", said Mark McManus, president of Prodeco.

Through this agreement, Grupo Prodeco not only reaffirms its commitment to support the climate change strategy of the Colombian government, but also contributes to the competitiveness of Cesar's coal in international markets.


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