Natural Solutions – Carbon2Nature

Carbon2Nature joins forces with the Spanish Forum on Forests and Climate Change

Nurun — Thu, 07 Dec 2023 10:19:32 +0000

Carbon2Nature (C2N) joins the Forum Forests and Climate Change on the basis of its commitment to the conservation and recovery of Spanish forests as an essential way to contribute to the fight against climate change.

The Forum on Forests and Climate Change is a non-profit association that brings together organizations in the forest sector and other related entities. Since its creation in 2006, it has been working to highlight the role that forests, as well as their products and services, play in climate action and the ecological transition.

With the incorporation of Carbon2Nature into this space for debate and joint work, the company, a subsidiary of Iberdrola, advances in its mission to contribute to the recognition and encouragement of the forestry sector as a generator of long-term sustainable socio-economic development, promoting co-responsibility, sustainable management, and alliances with the rest of the agents.

Importance of Spanish forests in climate action

Spain has the second largest forest heritage in the European Union, after Sweden, with a forest area that occupies 56% of the national territory. This represents about 28.43 million hectares, of which 19.27 million are forests and the rest other plant formations.

Its contribution to climate action, through its recovery and sustainable forest management, is essential, highlighting, among others, their:

Functioning as natural carbon sinks

Fixing more than 10% of national greenhouse gas emissions annually, with studies suggesting that this figure could be up to 25%.

Contribution to the water regime and to the quality water

Thanks to the forests that protect most of our watersheds and act against soil erosion and the growing threat of droughts.

Promotion of the bioeconomy with new biological resources

Resins, wood, fruits, etc., that are an alternative to other more carbon-intensive (e.g., concrete in construction)

Role as an important habitat for biodiversity

Hosting more than 600 wild species under the Special Protection regime.

Source: Forests and Climate Change Forum – Inputs to the draft national integrated energy and climate plan (PNIEC).

We attend the Congress on Corporate Investment in Forests and Biodiversity in London

Prodigious — Sun, 08 Oct 2023 09:11:00 +0000

The Congress on Corporate Investment in Forests and Biodiversity held on 4 and 5 October in London has highlighted the urgency of addressing our unsustainable relationship with nature and channelling funding to conserve and restore it.

Under this premise, the panel organised by Carbon2Nature was developed, with the participation of its managing director, Miguel Angel García Tamargo, together with Alexis Leroy, CEO of ALLCOT, and Ousmane Fall Sarr, Coordinator of the West African Alliance on Carbon Markets.

Living up to its title “Cost-effectiveness of Nature-based Solutions Beyond Carbon Markets”, it highlighted the need to promote incentives and innovative investment models in natural capital with the aim of attracting private-sector funding and experience, and the fact that this could be reflected in the company’s value.

Miguel Angel García Tamargo also took part in the panel “Project Finance”. The managing director of Carbon2Nature explained both the opportunities and barriers that can arise when tackling a project, and also presented risk management solutions.

The quality principles that should govern this kind of action, which can only be successful in the long term with the backing of the local communities where the projects are carried out, were also addressed. Local people should share in the benefits, showing a high degree of interaction and support for the projects.

The importance of methodological and technological progress in terms of measuring and monitoring the effectiveness of projects was also highlighted. For this reason, several innovative initiatives and tools contributing to increasing investor confidence in the projects were presented at the congress.

Would you like to know about all the topics discussed at the congress? We invite you to watch a recording of it at the following link:

CIFB | CE Media

Iberdrola launches Carbon2Nature to reduce the global carbon footprint through nature-based solutions

Prodigious — Mon, 14 Aug 2023 07:11:55 +0000

The new company aims to capture and store in nature more than 61 million tonnes of CO2, which it will make available to its customers in the form of carbon credits.

Carbon2Nature was born out of the conviction that investing in nature is an essential lever for sustainable value creation and profitability.

With a global approach, it will develop nature conservation, management and restoration projects with a high positive environmental and social impact.

Iberdrola launches Carbon2Nature (C2N) with the mission of developing high-impact nature-based solutions projects that reduce the global carbon footprint, improve biodiversity, and promote a sustainable economy. The company was born out of the utility’s conviction that investing in nature is essential to act against the climate and biodiversity crisis, while at the same time acting as a formula for sustainable value creation and profitability.

Carbon2Nature harnesses the potential of carbon credit markets, driving the development of in-house or collaborative projects that will generate high quality carbon credits, which Carbon2Nature will make available to its customers to support them on their path to net zero emissions, complementing ambitious decarbonisation strategies.

The company expects to capture and store in natural sinks more than 61 million tonnes of CO₂, thanks to the promotion of ecosystem conservation and restoration projects in more than 100,000 hectares, mainly forests, but also coastal ecosystems (blue carbon) or agricultural soils. These projects will avoid emissions from their degradation, contribute to additional carbon sequestration and at the same time, promote multiple environmental and social benefits. It will also launch initiatives to promote emerging solutions and sustainable production processes.

Its business plan focuses on regions where Iberdrola is present and where these nature-based solutions have significant potential, so that Latin American countries such as Brazil, Mexico, Colombia, Peru and Chile will host 80% of its projects, while countries in the northern hemisphere, such as Spain, the United Kingdom and Portugal, will account for the remaining 20%. Today, Carbon2Nature is already working on the development of projects in Brazil, Mexico, Colombia, Chile and Spain.

To face the global challenge of climate change, the firm was created with the ambition to make a long-term impact at an international level. In order to achieve this, it is committed to diversification in geographies and projects and promotes collaborative strategies for their development with local communities and other actors, guaranteeing the highest levels of quality. We come to this new market with humility and a desire to do things differently, bringing all of Iberdrola’s experience in sustainability to the world of nature-based solutions and the generation of carbon credits
Miguel Ángel García Tamargo, director of Carbon2Nature

All projects will be certified against internationally recognised quality standards, which will also validate their contribution to improving biodiversity, the well-being of local communities and other Sustainable Development Goals (SDGs).

The zero net emissions commitment

Carbon2Nature underscores Iberdrola’s commitment to a sustainable energy model in harmony with nature and people. This model is underpinned by two main objectives: to achieve net-zero emissions in all scopes by 2040 and to have a net positive impact on biodiversity by 2030, according to its Biodiversity Plan.

The company is therefore able to take advantage of the synergies between Iberdrola’s climate and biodiversity objectives, allowing it to expand and extend its internal nature restoration projects, and realising the opportunities of the green economy. As such, in 2020 it launched the Tree Programme to promote the conservation and planting of 20 million trees by 2030.

Iberdrola has launched Carbon2Nature through its start-up programme, PERSEO, which has helped the utility to implement innovative solutions to boost renewable energies, decarbonisation and electrification of the economy, digitalisation of grids, promotion of efficient storage and care for the environment.

The programme’s ecosystem includes more than 7,500 start-ups, including unicorns – companies valued at more than $1 billion – such as electric vehicle charging solutions manufacturer Wallbox and Stem, which offers smart battery storage solutions.