Challenge

Despite being a promising tool with high potential growth, carbon-offset markets and compensation mechanisms need substantial improvements in data quality and transparency, as tools remain today fragmented and disconnected.

Solution

ESTAINIUM Association initiated a consortium with the Government of the State of Querétaro, Mexico, industries and compensation partners to develop a technology stack enabling accurate carbon footprint calculation, recommendations for emissions reduction and avoidance, and transparency and reliability for carbon compensations through a trustworthy marketplace. Additionally, the platform delivers emissions monitoring and compensation certifications, enabling companies to receive a tax reduction incentive and ensuring transparency and compliance with local regulations.

Impact

The tool will enable Querétaro’s industrial sector to offset 20% of its emissions using high-quality carbon credits, reducing up to 500 million tons of CO2 annually. The project’s potential extends beyond, as it delivers a scalable and replicable blueprint; seven nations and states in Latin America and Africa have already expressed their interest in rolling out this ecosystem.