Blog Post Written By Chamber Member ClimateTrade

ClimateTrade, the world’s first blockchain-powered climate solutions provider, is now a member of the Spanish Chamber of Commerce in the United Kingdom, with the goal of supporting the net zero efforts of its members.

ClimateTrade was born out of a desire to empower large-scale decarbonisation through constant innovation, with technological solutions that facilitate transparent carbon and climate offsetting. The company already counts several Chamber of Commerce members as clients, including Banco Santander, Banco Sabadell, Mapfre, Melia Hotels and Telefonica.

The ClimateTrade marketplace allows companies around the world to offset their climate impact transparently and efficiently by purchasing carbon, plastic and biodiversity offsets, as well as renewable energy certificates or iRECs. These credits are sourced directly from more than 60 projects in over 20 countries, all certified by recognised standards such as Verra, Gold Standard or the Clean Development Mechanism (CDM).

Available projects include nature-based solutions, green energy, community development, reforestation and more, and all are aligned with the UN Sustainable Development Goals (SDGs), with the marketplace giving buyers the option to filter projects by type, location, vintage or desired SDGs.

Blockchain technology brings unique added value by guaranteeing full transparency, speed and lower costs for all transactions, while delivering a groundbreaking user experience. Carbon offsetting activities are fully traceable, with buyers and sellers communicating directly through the platform, and proof of carbon credit cancellation being required for sellers to receive payment. This gives companies the comfort of knowing that their money is generating the desired impact and contributing to the mitigation of climate change.

The ClimateTrade API, Widget and Whitelabel allow clients to integrate marketplace functionalities into their own platform, automatically calculating the carbon footprint of a product or service and giving customers the option to offset it at or after

check-out. Essentially, ClimateTrade’s software solutions can help clients tackle their scope 3 emissions and support their net zero strategy.

Offsetting carbon footprint through ClimateTrade solutions always results in the issuance of a personalised certificate with information about the project that generated the associated carbon credits, as well as a blockchain key for traceability. This functionality makes it easier to report on carbon offsetting activities and fulfil ESG requirements.

To date, ClimateTrade has allowed the offsetting of more than 3 million tons of CO2, and its client portfolio includes renowned brands such as Santander Bank, Cabify, Telefonica, Melia Hotels, Lavazza and many others as clients.

ClimateTrade is also spearheading disruptive innovation in the decarbonisation sector: its Digital Measurement, Reporting and Verification system, for instance, makes it possible to streamline and digitise the certification of carbon mitigation projects. Additionally, the company is supporting the digitisation of national carbon registries through blockchain, increasing their efficiency and transparency.

ClimateTrade’s vision is to be the world’s first exponential climate organisation, generating large-scale positive impact for our planet and future generations. The company has already partnered with several chambers of commerce around the globe, offering them a digital carbon offsetting portal for their members. This is one of the initiatives ClimateTrade hopes to put in place through its membership with the Spanish Chamber of Commerce UK, as well as participating in several events and educational webinars.

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