iberdrola Founded Carbon2Nature (C2N) aims to develop high-impact nature-based solutions projects that reduce the global carbon footprint, improve biodiversity and promote a sustainable economy, the energy company reported.
The electricity company pointed out that this company was born from the belief that investing in nature is “essential for development”. act against climate crisis and biodiversityit also acts as a formula for the creation of sustainable value and profitability”.
Iberdrola has launched Carbon2Nature through its startup program Perseo, which includes more than 7,500 startups, including ‘unicorns’, companies valued at over $1,000 million, such as the maker of Stem, which offers car charging solutions the electric Wallbox and smart batteries. storage solutions.
Carbon2Nature taps into the potential of carbon credit markets, promoting the development of their own projects or collaborating with others. create high-quality carbon credits and as a complement to ambitious decarbonization strategies, it will enable its customers to support them on their path to net zero emissions.
Capture more than 61 million tons of CO2 in nature
The company plans to capture and fix more than 61 million tons of CO2 in natural sinks through the promotion of ecosystem protection and restoration projects. More than 100,000 hectaresmainly forestry, but also coastal ecosystems (blue carbon) or agricultural soils.
These projects avoid emissions from degradationwill contribute to additional carbon sequestration while promoting multiple environmental and social benefits. It will also launch initiatives to promote emerging solutions and sustainable production processes.
The business plan focuses on regions where the energy company headed by Ignacio Sánchez Galán is located and where these nature-based solutions have significant potential. Brazil, Mexico, Colombia, Peru and Chile will host 80% of the projects.Countries in the northern hemisphere such as Spain, the UK or Portugal will represent the remaining 20%. Carbon2Nature is currently working on the development of projects in Brazil, Mexico, Colombia, Chile and Spain.
Miguel Ángel García Tamargo, director of Carbon2Nature, underlined that the company was born with “the ambition to make a long-term impact internationally” to face the challenge of global climate change.
“Bet him to do thisDiversify across geographies and projects and encourage collaborative strategiess, local communities and other actors for its development that guarantees the highest quality levels. We entered this new market with humility and a desire to do something different, bringing all of Iberdrola’s experience in sustainability into the world of solutions based on nature and carbon credit generation.”
Thus, all projects will be certified with internationally accepted quality standards, which will also validate their contribution to the improvement of biodiversity, the well-being of local communities and other Sustainable Development Goals (SDGs).