Catalan Government creates climate credit system for CO2 absorption

The government of Catalonia will approve the creation of a system to certify, trace and market locally issued climate credits that will allow the offsetting of greenhouse gas emissions within the region for the benefit of rural areas. 

The first credits to be issued and marketed will be related to forests and forestry. They will be based on a holistic conception of forest management, considering multiple ecosystem services and facilitating investments in forest nature-based solutions to compensate for the carbon and water footprints of companies, local entities, and other organisations.  

The Catalan Government published a press release on 1 December 2023 explaining their plans to develop carbon credits for agricultural land and costal and marine habitats. In the future, climate credits generated in agriculture, soil management, and the restoration of coastal and marine habitats will be included in the system.

Read the full article in Catalan here

Featured image Minister Mascort, attending to the media at COP28 / Govern.cat