FCE and BioCarbon Registry join forces for climate protection
Root - The FCE Group, based in Root in the canton of Lucerne, is working with the Colombian firm BioCarbon Registry. Together, the partners will aim to provide direct and cost-effective access to the global carbon market for smallholders, forest owners and other small green companies.
The FCE Group AG, headquartered at Technopark Luzern, has agreed a strategic partnership with the Colombian firm BioCarbon Registry (BCR). Together, the partners intend to make the carbon market accessible for small companies with a pronounced focus on sustainability endeavors via the TransparenTerra platform operated by FCE, further details of which can be found in a press release.
Accordingly, TransparenTerra and BCR will seek to make carbon projects initiated by small green companies visible and valuable by having TransparenTerra experts check the projects in terms of climate compatibility and BCR certifying and issuing carbon credits for the projects.
Thereafter, TransparenTerra plans to register the offsetting projects via its blockchain and make them traceable for trading via CTX Carbon Exchange, an electronic exchange for voluntary CO2 certificates. “Typically, the assessment, registration, receipt, and sale of credits are time-consuming processes that large projects, in particular, can afford”, the press release states. However, with the help of TransparenTerra, small companies will find it easier and cheaper to obtain carbon credits “without additional paperwork”.
The sale of the carbon credits is intended to enable smallholders, forest owners and other sustainable companies to access financing that will allow them to invest in fire, disease and pest control, new plant varieties, forest and agricultural technologies and machinery.
“Only by joining forces with everyone - including small businesses - we can achieve the goals of the Paris Agreement and avoid further climate shocks”, comments Gregory Arzumanian, CEO of the FCE Group, in the press release.
