Buenos Aires hosted the first meeting in the country dedicated to thoroughly reviewing the carbon bond market, taking place on June 27th and 28th at the Buenos Aires Stock Exchange.
In a completely packed venue over the course of two days, the public and private sectors engaged in debates and presentations covering various topics related to sustainable finance at both the international and national levels, as well as discussions on carbon markets.
The world faces a tremendous challenge: not exceeding a global warming of 1.5/2°C during the 21st century.
Organized by Genesis and MEXICO2, key figures in the market shared their opinions and knowledge on the development, promotion, and context of the carbon bond market, not only in Argentina but also in the region. They discussed public and private policies and shared past experiences.
During 30-minute panels, the most relevant players in the local carbon bond market presented various topics, along with workshops for audience participation.
There is a high demand for emissions capture and reduction projects from companies that want to balance their carbon footprint.
It's important to note that carbon bond markets are systems where governments, companies, and individuals can buy and sell units (credits) to either support or offset greenhouse gas emissions. Through market mechanisms, these markets aim to generate incentives for emission capture or reduction, making it economically viable.
In 2016, Argentina submitted its first Nationally Determined Contribution (NDC) under the Paris Agreement, outlining efforts to achieve the global objective of reducing greenhouse gas emissions to ensure that the average global temperature increase does not exceed 2°C. In 2020, the second NDC was presented and updated in October 2021. In this document, the nation commits to implementing unconditional measures to not exceed a net emission of 349 million tons of carbon dioxide equivalent (tCO2eq) by 2030.
We join the energy evolution by combining robotics, IoT, and AI with the aim of providing valuable and actionable information that optimizes decision-making processes in asset management. Saving time, costs, and having positive impact on the environment. Get to know us!