Voltalia reaches 1M carbon credits sold, with 300 thousand tons of CO2 traded in October via ACX, in partnership with ISS Neutro.
The company Voltalia managed to sell 1 million carbon credits in 2024. This significant milestone was achieved thanks to new negotiations carried out throughout October, which totaled more than 300 thousand tons of carbon credits traded. The partnership with the ISS Neutro program of the City of Rio de Janeiro, which provides tax benefits to organizations that strive to mitigate their emissions, played a crucial role in this success.
Part of the transactions carried out in October took place through the ACX platform, which facilitated the rich trading of carbon credits in the market. In this scenario, initiatives to reduce emissions are fundamental to combat rising carbon dioxide levels. In an approach to addressing climate change, companies are increasingly seeking efficient ways to offset their CO2 footprints, and the carbon market has emerged as a viable and strategic solution to this end. Innovation in offsetting practices is essential for a more sustainable economy.
Introduction to the Carbon Credit Market
Voltalia, recognized as a leader in Brazil in clean energy production, reached the impressive milestone of 1,2 million carbon credits sold in 2024. This amount is equivalent to the reduction of 1,2 million tons of CO2, abatement in its operations. This result was largely driven by transactions carried out throughout October, accumulating more than 360 thousand tons of carbon traded through the renowned ACX platform in Brazil. One of the main points of this operation includes the 67 thousand credits negotiated in partnership with ISS Neutro, an innovative program of the City of Rio with tax breaks attractive for companies that implement sustainable carbon offsetting practices, including the reduction of the ISS rate.
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Generated Energy and Wind Complexes
The credits sold this year, which total 5,64 TWh of energy generated between 2016 and 2020, originate from the Vamcruz, São Miguel do Gostoso and Serra Pará wind farms. All of these transactions were facilitated through the ACX platform, an international marketplace dedicated to carbon credits. ACX recently entered into a strategic alliance with B3, known as the Brazilian Stock Exchange, further strengthening Voltalia's role in the carbon market.
Commitment to Sustainability
Voltalia’s decisive entry into the carbon market reflects its ESG strategy, reinforcing the company’s commitment to sustainable practices. As explained by Voltalia’s CEO in Brazil, Nicolas Thouverez, the company’s primary focus is on the indispensable role of renewable energy, such as wind and solar, in mitigating emissions and maturing this sector. Since 2015, Voltalia has certified all of its projects. In addition, the company expects to generate between 2025 and 480 thousand tons of carbon credits based on current projects by 600, highlighting the importance of avoided emissions.
Social Investment and Regional Development
A significant differentiator when purchasing carbon credits from Voltalia is the positive social impact provided by its projects. The company aligns its projects with the Sustainable Development Goals (SDGs) of the UN, investing around R$ 2,4 million annually in social initiatives that benefit local communities and other stakeholders involved. These investments not only drive regional development, but also underline Voltalia's commitment to sustainability.
Importance of Carbon Credits
Each carbon credit essentially represents a reduction of one tonne of carbon dioxide (CO2) equivalent that is no longer emitted into the atmosphere. They play a crucial role in the fight against climate change, allowing companies and individuals to offset their own emissions by supporting projects that minimize greenhouse gases on a global scale. Carbon credits are also a tool that helps countries achieve their goals set in climate agreements, including the Paris Agreement, where several countries committed to controlling the global warming in less than 2°C.
Global Market and Investment Opportunities
Investing in carbon credits not only supports the transition to a low carbon economy, but also offers attractive profit opportunities. With the growing awareness of the importance of sustainability, the carbon credit market is experiencing a period of growth.
About Voltalia
Voltalia is a global leader in the renewable energy sector. The company not only produces but also sells electricity generated from sources such as wind, solar, hydro and biomass. It also offers services in renewable energy projects for third parties, ranging from design and development to operation, maintenance and energy marketing. The company is present in 20 countries, with a team of more than 1.880 employees. It has been operating in Brazil for more than 15 years, with more than 1,68 GW in operation and construction, and a pipeline of around 6 GW in various stages of development in several states, also reaching 5,88 GW in O&M services in the country.
Presence in the Financial Market
Voltalia is listed on the regulated market of Euronext Paris, in compartment A (FR — VLTSA) and is part of the EnterNext Tech 40, CAC Mid & Small and Euronext Tech Leaders indices. The Group is also a member of the Gaïa-Index, dedicated to socially responsible midcaps.
Source: VOLTALIA Press