Voluntary Carbon Market
What are Carbon Markets?
Carbon markets emerged in response to the need to address climate change and achieve global greenhouse gas emission reduction targets.
They contribute to building a more sustainable and resilient future for generations to come.
They promote, among others, the conservation of natural resources through reforestation and the preservation of ecosystems.
They facilitate the transition to a low-carbon economy by encouraging investment in clean technologies, renewable energy projects, among others.
Types of Carbon Markets
Regulated Carbon Markets
These are created and regulated by mandatory national, regional or international carbon reduction schemes. In these markets, regulated entities - generally companies - obtain and surrender emission allowances - permits - to meet pre-determined environmental regulatory targets for GEl reduction.
Voluntary Carbon Market
This is the area where verified carbon credit certificates are traded. They meet the demand for credits outside of regulated schemes and allow the purchase and sale of credits that are issued in the framework of projects that achieve emission reductions or elimination.
Guidance and operational flow
Carbon Market Participants
Carbon Certificate Issuers:
Entities, organizations, governments, which generate carbon credits through projects to reduce or eliminate emissions into the atmosphere.
Companies, organizations, governments and individuals:
Buyers who wish to offset their carbon emissions by purchasing verified carbon credits.
Climate change presents major challenges today
As a stock exchange, we understand our central role in promoting conditions, infrastructure and transparency.
BYMA, outside the Public Offering, will provide a trading environment for the assignment of Carbon Credit Certificates that have been issued by entities that own projects that have been certified and verified. The National Securities Commission is not an enforcement authority, it does not have competence nor does it exercise any supervision and/or control over BYMA's performance within the framework of the proposed trading of Carbon Certificates, and it is only limited to authorize the development of the referred related and complementary activity, not implying the use of the registration -in this case of Market- duly granted by the Commission to BYMA.
Role of BYMA
The role of BYMA and the Voluntary Carbon Market
Climate change presents great challenges today. As a stock exchange we understand the central role in promoting conditions, infrastructure and transparency. Achieving Net-Zero goals, among others, requires investments, with the Voluntary Carbon Market being part of the answer to effect the necessary transformation to combat the climate crisis.
Certificates
These are projects to reduce or eliminate TnCO2eq emissions. It is a tradable certificate representing the capture or elimination of one ton of carbon dioxide equivalent emissions in the atmosphere.
These certificates, under the framework of a standard, provide tangible validation of real and verified reduction of greenhouse gas emissions, strengthening the credibility and transparency of climate actions.