KUALA LUMPUR, Feb 6 (Bernama) -- Mundo Verde Climate, a global player in climate finance and climate change risk management advisory, has announced its pivotal role in one of the most significant transactions of 2023 within the global voluntary carbon market.
In a significant stride towards achieving this goal, the company has entered into a strategic arrangement with Biotrend Enerji, the most prominent player in the Turkish integrated waste management, waste-to-energy and circular plastics market.
Mundo Verde Climate Managing Partner, Gediz Kaya said this collaboration exemplifies its dedication to fostering international cooperation and collaboration of key industries in pricing carbon so that it can mobilise finance in the fight against climate change.
“By joining forces with Biotrend, we aim to catalyse transformative change and encourage companies in the energy sector, and other industries, to adopt a sustainable approach to managing their emissions," she said in a statement.
Hence, this collaboration marks a milestone in the pursuit of mobilising finance towards new climate change mitigation technologies and the deal promises to impact the global voluntary carbon market substantially.
Mundo Verde Climate took an instrumental role in developing the voluntary carbon units from Biotrend’s waste to energy activities through a certification and verification process under VERRA, the world's biggest certifier of voluntary carbon offsets.
The transaction, covering over 2.4 million tonnes of carbon dioxide in total, refers to voluntary carbon credits for release on the international market. Companies can acquire the credits to offset their emissions from unrelated activities.
In addition, both companies also hope that the initiative will provide much-needed carbon credits to satisfy demand in the voluntary offsetting market and inspire others to advance their projects and stimulate the market.
Mundo Verde Climate, dedicated to forging a sustainable future for generations, continues to champion green technologies and nature-based solutions in the race to Net Zero.
-- BERNAMA
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