CAN bloc considers carbon credit trading

The Comunidad Andina (CAN) regional bloc of Bolivia, Ecuador, Colombia, Peru and Venezuela is moving towards the introduction of carbon credit trading in the area. In a workshop in Peruvian capital Lima at the end of August, CAN representative German Jaramillo explained how carbon trading program PLAC (Programa Latinoamericana del Carbono) could benefit the energy and transport sectors. These sectors were identified because they have the greatest potential to reduce carbon pollution in their productive processes, CAN's Rocio Goza says, adding that the workshop sought to promote co-ordination of carbon-reducing activities and policies to give the energy and transport sectors the opportunity to attain new financing sources through carbon certification. As Mexico is the only regional country presently involved in carbon trading, the workshop was more of an introduction to the concept rather than an attempt to identify specific projects, although the mines and energy ministry's Iris Cardenas confirmed that it is the responsibility of environment ministry to present those projects under consideration for carbon certification. The workshop was a repeat of one CAN held in Venezuela in June. It will be repeated in other member countries later this year.

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