Jujuy signs agreement with ALLCOT to make its entry into the carbon bond market viable
The Government of the Province of Jujuy (Argentina) , through the Ministry of Environment and Climate Change, signed an agreement with the international developer ALLCOT to promote projects qualified to the carbon market, and finance the protection of Jujuy’s native forests within the framework of Jujuy’s Carbon Neutral Green Jujuy 2050 strategy.
The Minister of Environment and Climate Change of Jujuy, María Inés Zigarán, and the CEO and founder of ALLCOT, Alexis Leroy, signed an agreement, in the framework of the COP Green Jujuy 2022. This way, Jujuy reaffirms the policy of achieving a Carbon Neutral Green Jujuy 2050 by strengthening forest conservation through international financing, where ALLCOT will be a strategic ally.
ALLCOT is a project developer recognized worldwide for its results, knowledge, experience and management in greenhouse gas (GHG) emission reduction initiatives to actively combat the climate crisis under Article 6 of the Paris Agreement and aligning with the 2030 Agenda and its 17 Sustainable Development Goals (SDGs). The province would enable beneficiaries of the Forestry Law, i.e. those who own land with forest areas having some level of conservation, to submit projects qualified for the carbon credit market developed by ALLCOT, and allowing them to access international financing to better manage forests for climate change adaptation and reduce the risk of forest fires.
The parties agreed to join efforts to achieve the eventual implementation, development, validation and verification of a project grouped with VERRA’s specific methodology. The project will be located in the province of Jujuy, and seeks to implement actions for managing the conservation and restoration of forest ecosystems in Jujuy, promoting the increase of carbon storage and achieving the issuance and marketing of verified carbon units.
ALLCOT will be in charge of listing the project, determining the additionality criteria, conducting the VCU (Verified Carbon Unit) potentiality study based on the analysis of the management plans, conducting the legal and political characterization at the provincial scale, conducting the preliminary characterization of the community climate and biodiversity component (CCB), establishing the potential of the sustainable development goals (SDGs) and establishing the requirements and deadlines of the Forest Stewardship Council.
ALLCOT is a company with global reach and local commitment providing solutions against climate change. ALLCOT offers extensive knowledge and experience for the development and financing of greenhouse gas emission reduction projects, such as renewable energy, landfills, forestry, etc. ALLCOT also provides consulting and advisory services for all types of climate change and sustainability solutions, such as environmental footprint measurement.
Since 2009, ALLCOT provides innovative solutions to combat climate change and promotes sustainability through project development, carbon markets and consulting. ALLCOT’s vision is: to lead and accelerate the global transition to a climate neutral society by 2050. ALLCOT’s unique approach is based on Article 6 of the Paris Agreement.It is also linked to the SDGs, non-market approaches and other mechanisms. Visit our website for more information about ALLCOT.