The Global Carbon Council (GCC) proudly announces the first credit issuance for the Sol do Sertão Renewable Energy Project, a significant achievement as it marks the inaugural issuance in South America. This milestone highlights the project’s pivotal role in advancing sustainable development and renewable energy initiatives in the region.
Issuance Highlights
- Monitoring Period: 21/08/2021 – 31/01/2024 (MP1)
- Total Credits Issued: 790,015 carbon credits
- Environmental Certification: Environmental No-net-harm Label (E+)
- Social Certification: Social No-net-harm Label (S+)
- SDG Impact: SDG+ GOLD certification, contributing to Goals 2 (Zero Hunger), 7 (Affordable and Clean Energy), 8 (Decent Work and Economic Growth), and 13 (Climate Action)
This issuance from the Sol do Sertão project is the first in South America, emphasizing the region’s pivotal role in the global fight against climate change. The project, nestled in the heart of Brazil’s Oliveira dos Brejinhos municipality, continues to contribute 2457338 MWh of clean energy during this monitoring period to the National Interconnected System (SIN), significantly reducing greenhouse gas emissions and fostering sustainable development.
Beyond Carbon Credits: A Commitment to Sustainability
The Sol do Sertão project is more than just an electricity generator; it embodies a holistic approach to sustainable development. The project has achieved the prestigious SDG+ GOLD certification, underlining its alignment with several key Sustainable Development Goals (SDGs).
In addition to its contribution to clean energy, Sol do Sertão has earned the Environmental No-net-harm Label (E+) and Social No-net-harm Label (S+), reflecting its positive impact on the local ecosystem and the communities surrounding the project. The project has created numerous job opportunities, contributed to educational initiatives, and supported local food security through the “Food for Good” program.
Setting a New Standard in South America
The issuance of 790,015 carbon credits during the first monitoring period is a landmark achievement, demonstrating the project’s effectiveness in reducing emissions and contributing to sustainable development. This accomplishment solidifies South America’s position as a key player in the global carbon market, paving the way for future regional projects.
Rafael Borgheresi, Head of Energy Transition at Future Carbon Holding S.A & Infraestrutura Brasil Holding, SA, commented on the importance of this issuance: “The issuance of carbon credits from the Sol do Sertão project is not just a victory for our team but for the entire region. It signals the beginning of a new era in which South America takes center stage in the global transition to a low-carbon economy.”
Looking Forward: A Bright Future
As the first GCC-approved project in South America to achieve issuance, Sol do Sertão sets a high standard for future projects in the region. The project’s success reflects GCC’s rigorous standards and our unwavering commitment to fostering projects that deliver tangible environmental and social benefits.
We look forward to continuing our work with Sol do Sertão and other projects in South America, driving forward our mission to combat climate change and promote sustainable development worldwide.
