Bogota, Colombia – ALLCOT, a leader in sustainability and environmental management solutions, is pleased to announce its rejoining the Colombian Association of Carbon Market Actors – (ASOCARBONO) as an active member. This decision marks a milestone in ALLCOT’s continued commitment to the principles of equity, fairness and integrity in the carbon market.

Since its inception, ALLCOT has championed the carbon market as an essential financial tool to drive meaningful economic and social transformation in territories and to combat climate change.

As climate legislation emerges globally, the voluntary market is seen as a pre-regulatory space that has taken proactive steps, fostering close collaboration between the private and public sectors, generating positive impacts on territories and creating financing and development opportunities.

Although ALLCOT had previously distanced itself from ASOCARBONO because of differences in vision, the latter has shown maturity in its vision, generating changes and initiating ambitious plans for the country, the market and the communities. ALLCOT has therefore decided to return to the Association and will support it in its role as a key player in the Latin American and Caribbean region, and in its work to have a major influence in the global south.

‘The evolution of ASOCARBONO and its renewed focus on the values we consider essential to the success of the Paris Agreement, such as integrity, equity and justice, have been instrumental to our return,’ said Alexis Leroy, CEO and Founder of ALLCOT. ‘We are committed to working together to ensure that the voices of the global south are not only heard, but also central to the global climate agenda.’

ALLCOT and ASOCARBONO will collaborate closely to promote the development of carbon projects that are transparent, have strong governance, generate co-benefits for communities, making it easier for countries to reach their Nationally Determined Contributions (NDCs) with high but realistic targets.

The return of ALLCOT not only reaffirms our commitment to the principles of equity and fairness in the carbon market, but also strengthens ASOCARBONO’s ability to positively impact the global climate through collaboration and collective action.