ALLCOT will participate in two projects under Article 6.2 of the Paris Agreement for the generation of ITMOs.
ALLCOT has signed two consulting contracts for projects in Senegal and the Dominican Republic aiming to provide ITMOs to Switzerland and Sweden, respectively
An important difference between the approaches of Article 6 of the Paris Agreement and the market mechanisms of the Kyoto Protocol (CDM) is that, under the Paris Agreement, all countries have emission reduction targets in the form of Nationally Determined Contributions (NDCs). Article 6 of the Paris Agreement provides countries with a framework for cooperation in their efforts to limit climate change through the use of carbon units, called International Transfer Mitigation Results (ITMOs) to achieve their NDCs. The generation of ITMOs contribute to increasing the global ambition committed by countries under Article 6.2 of the Paris Agreement by promoting low-carbon technologies and accelerating the implementation of projects and programs. Cooperative approaches are a fundamental tool to achieve the Greenhouse Gas (GHG) emission reduction goals established by each country in its NDC. All projects and programs that voluntarily participate in these cooperative approaches must promote sustainable development and ensure environmental integrity as well as transparency.
At the end of last year, ALLCOT Group signed two contracts for ITMOS generation projects from two different countries:
- Senegal: project for sustainable waste management in Africa funded by the Foundation for Climate Protection and Carbon Offset KLIK (KLIK Foundation). ALLCOT Group will provide its consultancy services for the elaboration of technical documentation (Mitigation Activity Description Document – MADD) that will serve as the basis for the subsequent governmental approval and commercialization of ITMOs to comply with the Swiss NDC.
- Dominican Republic: it is a mitigation project managed by a Norwegian company, AMMADOL BIO, which consists of reducing greenhouse gases generated by the Agricultural and Farming Sector in the Dominican Republic through the implementation and transfer of Dutch technology to capture biogas and provide ITMOs to Sweden. Like with the Senegal project, ALLCOT Group will provide its consultancy services for the MADD elaboration.
Since its inception, ALLCOT Group has been committed to guaranteeing environmental integrity, transparency, and promoting sustainable development aligned with the 2030 Agenda and its 17 Sustainable Development Goals (SDGs) allowing for solid governance agreements.
With more than ten years of experience, the ALLCOT Group technical team is specialized in the market mechanisms of the Kyoto Protocol and, with the signing of these two new contracts, reaffirms and strengthens the trajectory to be one of the main players in the implementation of Article 6 of the Paris Agreement.
Witten by Asier Aramburu, Climate Change RENEN Manager.
In order to effectively advance in reducing the emission of Greenhouse Gases (GHG), the way in which energy is produced and consumed in the world must undergo radical changes. Currently, three quarters of GHG emissions correspond to the energy sector, mainly due to the use of fossil fuels. Although various competitive technologies based on renewable energies have been developed, there are sectors in which their capacity to mitigate GHG is very limited. This fact makes it necessary to develop complementary solutions to decarbonise sectors and applications in which electricity is not cost-efficient, accessible or feasible.
One of the most promising alternatives is based on the large-scale production and use of hydrogen, a gas known and used since the beginning of the industrial era. However, the massive use of this molecule has not been viable until now, thanks to the green hydrogen, the one that is produced through the electrolysis of water. This process is based on the separation of the water molecule into hydrogen and oxygen through the application of electricity from renewable sources. For this reason, production costs are highly dependent on the price of energy. Thus, the massification of renewable energies has allowed the commercial exploitation of this technology to become viable.
On the other hand, it has multiple applications, from domestic natural gas networks to fuel replacement for buses, trucks or ships. Its main advantage: when it burns, it only leaves water steam as a residue. The mechanism is simple: hydrogen reacts with air, generating energy and releasing water.
Attracted by its multiple benefits, an increasing number of countries are betting on its development. Germany is one of the main leaders as it has already committed to invest US $ 10.6 billion to create a local production of green hydrogen. Spain has also joined this race through a National Strategy that seeks to build 4 GW of green hydrogen capacity by 2030.
These efforts will be also supported by the European Post-COVID-19 Recovery Fund that focuses on clean investments, including green hydrogen. This plan is transferred to Spain by using more than 1,500 million euros until 2023 to boost renewable hydrogen.
In Latin America, Chile is leading this development and has just published its National Green Hydrogen Strategy which aims to achieve 5 GW capacity by 2025 (built or developing) and 200 kton/year of production and an installed capacity of 25 GW by 2030.
ALLCOT also wants to lead this sector, so it is actively supporting companies that are developing pilot projects for the production and use of green hydrogen. Due to their innovative nature, these projects require alternative income sources to be able to reach the financial sector. ALLCOT can go hand in hand with these companies so that they can generate carbon credits from GHG emission reductions. Thus, it can be an essential support to enable green hydrogen projects that can then be scalable and replicable.
Thanks to these first projects, progress will be made to get economies of scale that allow reducing costs, encouraging the creation of innovative industrial value chains, promoting technological knowledge and generating sustainable jobs, contributing with all of these to the reactivation of a green high added value economy.
Hydrogen can be a key player in the complete decarbonization of the economy. Its application in sectors where electrification is not cost efficient makes it an extremely competitive technology that has already been included in many NDCs. ALLCOT, as a veteran company in developing climate change mitigation projects, is committed to develop this technology so that its full potential is reached, and progress is made in the fight against climate change and in the achievement of the Development Goals Sustainable (ODS).
Nationally Determined Contributions (NDCs) are a series of measures and actions which countries that are party to the Paris Agreement plan to take to reduce their greenhouse gas emissions and adapt to climate change.
Written by Wilson Rangel Sustainability Consultant.
According to the report, ‘Approaching the Future 2020’, the commitment of companies to the 2030 Agenda has increased progressively over the last 5 years, being today the third most relevant trend for the executives consulted.
Among other data, about 41% of the companies are already working on the Sustainable Development Goals, and 60% claim to have defined the SDG on which they will focus their contribution to 2030 Agenda. These data reflect the growing interest in the corporate world to generate investment to achieve an impact on the SDG.
Despite this, institutional transformation has been slow to align business resources into effective actions to meet these ambitious global goals by 2030. In fact, a recent UN report points to an urgent need to modernize the global financial system in order to meet the SDG.
Indeed, the United Nations Conference on Trade and Development (UNCTAD) in 2019 discussed the need to increase financing to meet the ODS. Neverlethless, the key point is to make the best use of these resources, and the efficiency of these resources per se can help attract more resources.
For this reason, several international organizations have promoted Impact Evaluation as an effective way to provide scientific evidence of the impact of social investments on SDG. In Latin America in particular, the IDB Group uses Impact Evaluation to close knowledge gaps and build more effective investment models, with a view to increasing the efficiency and scale of investments that work best.
Corporate results frameworks, Impact Evaluations, and other tools help assure governments, aid funds, donors, and investors that the money has a tangible impact. In this way, social investment resources can be focused on the projects that have the greatest impact on SDG.
The ambitious goals of the Sustainable Development Goals have become a major challenge to meet. For this reason, the participation of the various stakeholders in society is fundamental: Governments, NGOs, companies, civil society. ALLCOT as an organization focused on climate change and sustainability services has managed to properly identify the structural conditions of the current market and understand that the key point is to increase resource efficiency.
ALLCOT has a portfolio of services focused exclusively on organizations that are interested in working on Sustainable Development Goals. In particular, these services are focused on efficiently managing the resources of the organizations and generating the greatest possible impact.
For organizations that are in an early and intermediate stage, ALLCOT provides advice for SDG Mapping, understanding what the impact of the organization’s business model with ODS is. It also helps organizations SDG Quantify in their business model. Finally, it supports organizations in managing the impact on SDG through an Improvement Roadmap.
On the other hand, for organizations that are at a mature stage and make social investments in particular programs, ALLCOT provides advice on measuring impact on SDG, and thus helping organizations to efficiently invest their resources in the right programs.
Achieving the ambitious Sustainable Development Goals of 2030 Agenda is a major challenge for society at large, but the best way to meet the challenge is to use all resources in the most efficient way. This ensures that the resource is generating the greatest possible impact.
Written by Karen Vega, Business Development Specialist.
1. SDG ADVANTAGES IN THE FOOD SECTOR.
Sustainability should not be confused with terms such as ecological, biological or organic product. Sustainability is a step beyond and covers multiple aspects that are part of the company’s context such as reputational image, concerns of its stakeholders, use of natural resources, protection and conservation of biodiversity, among others.
In 2015, the United Nations established 17 Sustainable Development Goals (SDGs), which require joint action by governments, private sector companies, civil society and all citizens in order to achieve them. The SDG are an ambitious plan of action for people, the planet and prosperity, and companies play an important role in achieving them.
In the face of the current growing relevance of SDG, companies in the food sector are beginning to align their strategies with the 17 SDG, integrating many of these issues into their business model, supply chain and stakeholder relationships; investing in sustainable sourcing, processes, materials, machinery and products throughout the value chain.
We are in a challenging time for corporate resilience and although it presents many challenges it also opens a range of opportunities for those companies that have the vision and commitment to lead the changes that are coming.
The SDGs can be used to guide, direct, communicate and report on their strategies, objectives and activities, allowing companies to capitalize on a variety of benefits and create added value to their business. Some of these opportunities and benefits are:
- Obtain a broader vision of the sector, its environment and its needs, allowing the identification
and even creation of future market niches.
- The SDG aims to realign global public and private investment flows by reorienting them to meet sustainability objectives. Allowing small businesses and entrepreneurs, committed to sustainable and inclusive business models, to connect with capital to grow their business;
- Decrease business and reputational risks by reducing their climate impact and adopting fair and inclusive labor practices.
- Building resilience to the costs and/or requirements imposed by future legislation.
- Strengthen relationships with stakeholders and remain at the forefront of new policies.
- The SDG brings together priorities and purposes in all its dimensions (social, economic, environmental) allowing the use of a common language that can help create synergies with governments, NGOs and other businesses.
2. HOW TO START THE PROCESS TOWARDS A SUSTAINABLE COMPANY.
The process of becoming a sustainable company includes knowing its impact on natural resources, generation of waste and spills, generation of direct and indirect emissions, as well as the interrelations with its stakeholders. ALLCOT helps companies to determine this starting point through its services of environmental footprint calculation and mapping of Sustainable Development Goals (SDG).
Once this baseline has been identified, it is necessary to know then how to take actions that will make our company improve its focus on sustainability and be aligned with global agreements on the issue, the demands of our stakeholders and the requirements of Agenda 2030. All companies, regardless of their size or sector, have a responsibility to comply with all relevant legislation, respect internationally recognized minimum standards and uphold universal human rights.
ALLCOT helps companies to meet their obligations and guide them to take initiatives beyond these minimum responsibilities to advance social and environmental goals.
From ALLCOT, we quantify, evaluate and help design your strategy for mitigation and sustainability through:
From ALLCOT we offer our clients a wide range of possibilities to strengthen their strategy and message on sustainability.
Written by Natalia Rodrigo Vega, Head Group Business Development ALLCOT.
Established in 2009, ALLCOT is a veteran project developer offering knowledge, expertise, and management to initiatives that reduce greenhouse gas (GHG) emissions to actively combat the climate crisis under Article 6 of the Paris Agreement is aligned with the 2030 Agenda and its 17 Sustainable Development Goals (SDGs).
ALLCOT develops emission reduction projects under various carbon quantification standards (CDM, VCS, GS) and for various sectors (forestry, waste, renewable energy) covering the entire carbon credit value chain its later management in the markets created under the Paris Agreement.
ALLCOT supports projects, companies and public bodies to improve their sustainability performance by offering consultancy services, including the development of strategies to calculate, reduce and offset GHG emissions, as well as the identification of best practices for reporting on Sustainable Development Goals (SDGs).
For ALLCOT, sustainability has always been a priority on our agenda and modus operandi, is part of the DNA of all of us who make up ALLCOT. At ALLCOT we are committed to sustainability towards our employees. Without a sustainable model for our TEAM, it is difficult to sell a sustainable business model to outside.
Therefore, from our organization we promote flexibility and teleworking before the pandemic. The fact that our staff are masters of their time, without leaving aside their work commitments, improves their self-esteem and efficiency in their jobs and, at the same time, allows them to reconcile with their personal life, hobbies and other
obligations. In fact, we have seen that there has been no decrease in the response capacity during the pandemic and we have all been working at maximum capacity all these months.
The COVID-19 pandemic is significant threat to the health and well-being of billions of people around the world. As the world begins to open up from the blockages and enters a state of unprecedented vulnerability, or what many have called “the new normal” it makes sense to reflect on what we have learned, review our fundamental assumptions, and begin to chart a course to continue working TOGETHER to build a sustainable world.
Without a doubt, the pandemic has had a significant impact on our work. On the one hand, in view of our projects being implemented, the pandemic has made field visits impossible and follow-up and socialization work has had to be done remotely. This has not paralyzed our work, but it has slowed it down and helped to generate more uncertainty in the study of primary and secondary sources.
For this reason, ALLCOT has invested all its strength in seeking alternatives to these new uncertainties generated in the project and to be able to successfully close all its phases.
On the other hand, in relation to the projects that we had pending to execute, we have to adapt and reinvent ourselves to this “new normality”. The coronavirus pandemic presents an excellent opportunity for us to act in solidarity so that we may be able to turn this crisis into an incentive to achieve the United Nations Sustainable Development Goals.
Initially, our objective was focused on supporting companies and institutions, both in thepublic and private sectors, focused on leisure activities, events, catering and tourism. As a result of the pandemic, these sectors are defined as the most affected, so their financial capacity is limited to being able to continue their business and it is very difficult for them to make extraordinary investments. For this reason, from ALLCOT we have strengthened our scope of prospecting and opening business towards the food, energy and transport sectors.
From the company we offer our clients a wide range of possibilities to strengthen their strategy and message in sustainability. Our work relates to non-financial reporting, sustainability reporting, environmental footprint reporting (emissions, plastic) and our flagship product: the mapping, identification, quantification and monitoring of SDG.
ALLCOT has merged its know-how in climate change project development, being our strengths the development of quantification and monitoring tools together with its experience in sustainability to develop a unique and innovative tool. This tool helps us to know at regional (country, nation) and sector level, the degree of commitment and alignment with SDG and Agenda 2030.
Article originally published in Corresponsables.
The two companies join forces to support organizations in achieving sustainable and non-polluting business models. The alliance aims to respond to current needs of the Mexican market and the Sustainable Development Goals (SDGs) of the United Nations.
From the time of the launch of Agenda 21 and, more recently, the Agenda 2030, Mexico has actively voiced her commitment to sustainable development and to strengthening the channels for monitoring, communicating and regulating actions that have allowed us to reduce the gap between the high indices of inequality and the high indices of pollution of the 1980s up to the second decade of the 21st century. Undoubtedly, the COVID 19 pandemic of 2020 marks a turning point—not only in Mexico—that calls for being even more rigorous and exhaustive in complying with sustainability goals. The 17 Sustainable Development Goals (SDGs) take on greater relevance and emphasize the right path for humanity and the planet.
Mexico became a signatory to the Agenda 2030 and the Paris Climate Agreement and included their objectives in national planning through passing reforms to the legal framework and prioritizing those goals in the development strategies. Green House Gas Emissions (GHG) are to be reduced by 22% in 2030 and by 50% by 2050, and the national contribution to the Paris Agreement is being updated to reflect a vision of net zero emissions by mid-century.
To meet its climate mitigation objectives, Mexico established a carbon tax in 2014 and, with its launch of a carbon trading system in 2023, will become the first Latin American country to set a ceiling on emissions through efficiency schemes that promote competitiveness in sustainability. In addition, in 2020 Mexico presented its National Strategy for Implementation of the Agenda 2030 including concrete action plans for achieving each of the 17 SDGs and putting people in the center of the development program under the slogan, “No One Left Behind”.
In response to these priorities, ALLCOT and Green Tank, after many years of promoting sustainability with different approaches, draw closer to combine efforts and advance toward a shared purpose. Today, our goal of promoting compliance with the SDGs and protecting the planet’s resources is intensified, but above all, we strive together to generate prosperity, shared value and promote better living conditions in communities.
ALLCOT, with more than 10 years of experience, develops sustainable projects around the world, supporting its clients and collaborators with know-how and management of initiatives that fulfill the Sustainable Development Goals and actively combat the climate crisis by reducing emissions of Greenhouse Gases (GHG). Since 2017, ALLCOT began operations in Mexico aimed at breaking paradigms in the private and public sectors by promoting vigorous efforts to reduce greenhouse gases through adopting sustainable projects designed to produce social impacts. Also, we have served as a spokesperson for the SDGs with leaders in banking, industry, waste management, construction, tourism and academia. ALLCOT is committed to and forms alliances with companies that, like us, value the environment.
The Green Tank team applies its extensive international experience and multi-disciplinary backgrounds to support businesses as change agents that protect the environment to foster successful and regenerative economies. Green Tank offers strategy, management and communication of projects and products that favor the planet and apply the Triple Impact approach. Our consultancy works to create shared value through collaborative models that stimulate cooperation among businesses and exchange of products or services between Large Businesses and Small and Medium Enterprises for achieving energy efficiency and the circular economy. Green Tank consulting services enable businesses to develop business strategies and measure and comply with the SDGs of the Agenda 2030, and the firm is committed to the movement of B Corps.
ALLCOT and Green Tank merge their pathways and combine tools to pursue a single vision of forming sustainable alliances to promote a sustainable and low-carbon economy and, why not?, to advance towards a carbon-neutral economy motivated by promoting the well-being of the people, communities and organizations where we leave our marks.
Written by Andrés Melendro, Sustainability Manager
Last Wednesday, June 16th, the Center for Sustainable Development for Latin America (CODS) launched its SDG Index: a measure of the progress of Latin American and Caribbean countries towards the Sustainable Development Goals (SDGs).
The report highlights that, overall, the region is not meeting the goals set forth in the 2030 Agenda, and that the health and economic crisis linked to the COVID-19 pandemic also represents a considerable setback in most of the SDGs. If the current trend continues, the goals set in 2015 would not materialize even on a 50-year horizon.
SDG 13, Climate Action, stands out as an exception because widespread quarantines and restrictions on production have led to a considerable drop in greenhouse gas (GHG) emissions. However, the rebound effect is foreseeable since the reduction is circumstantial. In particular, it is possible that the interest of investing in sustainable projects and green technologies gets delayed by the haste to reactivate or protect sectors of greater importance for the immediate future of a company. In this sense, ALLCOT’s work to develop projects that generate financial incentives to reduce emissions is more relevant than ever.
The methodology advanced by the CODS is based on the one that the Sustainable Development Solutions Network (SDSN) has been using for several years worldwide to establish international comparisons. The CODS adjusts it to the statistical reality of the countries of the region, given the unavailability of many indicators. In this way, the comparison becomes more valid. In some cases, for some States, there is no available methodology for SDG measurement. Another issue is the lack of data: the index requires figures ex-ante and ex-post 2015 to measure progress since the creation of the 2030 Agenda.
The report also includes a visualization tool called the dashboard. This allows to highlight, through a traffic light code, how close an SDG is to being fulfilled, in order to serve as a prioritization tool in each country.
The publication of the SDG Index, as well as the creation of the municipal SDG indexes in Colombia cities by the Corona Foundation through its network tracking cities’ wellbeing, illustrate the trend towards the appropriation of the SDGs by non-governmental entities and their measurement at sub-national scales. The private sector, and in particular organizations setting standards for corporate sustainability reports, have also included the SDGs in their performance metrics. Precisely, ALLCOT is currently developing statistical tools to quantify the impact of the socioeconomic co-benefits of its climate change mitigation projects, through the 230 indicators associated with the 17 SDGs.
This exercise presents several challenges, given that the project areas tend to be smaller than local political-administrative divisions in the country where the project is developed and usually do not coincide with their geographical limits. ALLCOT, like the CODS, adapts the SDG indicators to the real data availability and to variables that make more sense depending on the specific context. In addition, to mitigate the absence of local data in many rural areas of developing countries, ALLCOT has created mechanisms for collecting primary data to establish a meaningful SDG baseline. In this way, ALLCOT takes a leadership role in measuring corporate impact on sustainable development.
The COVID-19 in a matter of weeks transformed our entire world. Daily routines and everything we took for granted, like being able to go outside or hug a friend, are becoming distant scenarios. However, this moment of confinement provides alternative spaces of reflection and encounter, with others and with ourselves.
The crisis unleashed by the COVID-19 has led us to rethink the entire economy and the existing work dynamics. Without a doubt, one of the greatest challenges is to maintain productivity and effectiveness at work, despite social distancing. For ALLCOT, the safety and welfare of our workers is a priority, so we follow the instructions given by the authorities and support from day one in the form of telecommuting. This way, our employees can continue to carry out their work from the comfort of their homes, thus balancing their personal and professional lives.
ALLCOT creates spaces to share with its employees
Since the beginning of this situation, we wanted to keep close to our workers and technology has become our best ally to achieve this. However, distance has never been an obstacle for us because the ALLCOT team is located around the world: Colombia, Mexico, France, Senegal, Spain, Guatemala, among others. Considering this, we launched our monthly FORUM, a meeting space that allows us to relate to all workers, tell our stories, and, of course, catch up on the current state of the company. This reaffirms the reliability of ALLCOT, which in the midst of the crisis continues to operate at 100% of its capacity and in continuous growth.
These moments have enabled the construction of new spaces, and we wanted the families of our employees to be part of our daily battle for the environment. This is how ALLCOTooNS was born, a diverse space where children could express their ideas, get to know each other, and share with the people in our organization.
ALLCOTooNS and the SDGs
Therefore, we have created “ALLCOTooNS and the SDGs”, a contest in which children can create from a craft, drawing or any object, what each SDG represents for them, and what actions could be taken to achieve it. ALLCOT Ethics Committee will be in charge of evaluating and informing the winners, who will receive an honorable mention and a bonus with which they must perform a small action in benefit of the SDG proposed. This competition is divided into two categories: under 10 years and over 10 years.
#SDG13 – 1st round: Artists and their Works
On this occasion, the first category chosen was SDG 13 “Climate Action”. Below, we present the artists and their works of art:
Luisa de Brigard
#SDG13 – 1st round: Winners
Our Ethics Committee, chaired by Mr. Van Kirk Reeves, has delivered that the winners of this first contest are:
- Category under 10 years old: Inés Muñoz
- Category over 10 years old: Diego Frowein