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BAESA performs auction of carbon credits

    Florianópolis, October 25, 2018 - The voluntary carbon market is about to gain greater notability because it will be held on Wednesday, 07 November 2018 the auction of carbon credits from BAESA in Brazil.

BAESA - Energética Barra Grande S.A, an electrical generation company in the State of Rio Grande do Sul, Brazil promotes the auction of carbon credits certified under the widely recognized standard in this market, the VERIFIED CARBON STANDARD (VCS). Regarding the volume to be traded, this will be the largest auction in Brazil, 492,647 VERIFIED CARBON UNIT (VCU) from the GHG reduction Barra Grande Energetic Project, located in Pelotas River, Rio Grande do Sul State, South Region Brazil.

Each VERIFIED CARBON UNIT, recognized as a type of carbon credit of the called voluntary market, outside the scope of the Kyoto Protocol, is intangible, equal to one tonne of carbon dioxide equivalent reduced or sequestered for one mitigation or reduction project of greenhouse gases.

The realization of this auction will encourage the voluntary emission reductions, bringing out the discussion on the importance of greenhouse gases emission reductions and strengthening the position of Brazil as having a clean energy production matrix.

The Auction

The auction will be held at 1:00 p.m (Brazilian time / GMT -2h) and will be carried out through a digital trading platform in web environment.

More information about the announcement for the carbon credits auction and qualifications can be found in: www.baesa.com.br/baesa/downloads/arquiv_ccarb_us.zip

Regarding the carbon credits available for sale and also project activity complete information, it can be viewed on the VCS Project Database at http://www.vcsprojectdatabase.org/#/project_details/10 (Project ID #10)

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