Colombia
Press Release

EPM will contribute to offset 2 million tons of CO2 with the auction of Emission Reduction Certificates

Bnamericas Published: Thursday, March 11, 2021

This Grupo EPM release was published using machine translation.

Medellín, March 10, 2021 | In its commitment to sustainability and caring for the planet, EPM will hold a public auction to sell 2 million certificates of carbon credits from the La Vuelta and La Herradura mini hydroelectric plants, as well as the Jepírachi Wind Farm that are registered with the Mechanism. of Clean Development (CDM), and the Porce III hydroelectric plant registered with Certificara de Carbono SA (Cercarbono).

At the 2015 United Nations Climate Change Conference, which was held in Paris, France, Colombia committed to reducing its Greenhouse Gas (GHG) emissions by 51% by 2030, a responsibility that was transferred to all industrial sectors, including electricity and in which EPM shows its commitment to the sustainable development of the country.

EPM in the Carbon Markets

EPM owns 36 hydroelectric plants, 4 thermal plants and 1 wind farm located in La Guajira with an installed capacity of 19.5 MW. EPM's total installed generation capacity is 3,556 MW, of which 86% corresponds to hydroelectric generation.

The Ituango Hydroelectric is the main generation project in Colombia, which is in the construction stage and will have an installed capacity of 2,400 MW.

Today the business group has several projects, including: La Vuelta, La Herradura, Jepírachi Wind Farm, Porce III and the Aguas Claras treatment plant, as well as forested areas, which reduce GHG emissions and are registered in various international standards. , including the CDM and CERCARBONO.

Thanks to this, EPM has carbon credits that can be used either to offset the carbon tax (projects in Colombia) or to offset the internal carbon footprint of companies with a view to being carbon neutral.

A carbon credit is equivalent to one ton of CO2 that is no longer emitted into the atmosphere. In this sense, the bonds that EPM will auction will offset 2 million tons of CO2, as an important environmental contribution.

It is important to remember that the average increase in temperature on Earth, known as global warming, is caused by Greenhouse Gases, which is causing impacts such as sea level rise, droughts, extreme weather events, bleaching of the corals and disappearance of glaciers, among others.

The auction

The carbon credits that EPM will auction come from the power generation of the small hydroelectric plants La Herradura, La Vuelta, Jepírachi and Porce III between 2016 and 2018. The Company will receive next Tuesday, March 23, between 8:00 am and 11:00 am, offers to purchase rights to these carbon credits.

In total, 20 blocks of 100,000 CERs each will be auctioned, for a total of 2 million. Those interested must make a purchase offer in which they indicate the price in Colombian pesos per block of carbon credit (COP / Bond) that they are willing to pay. The offer must be made in the format annexed to the specifications.

In search of environmentally responsible management, EPM develops projects that reduce the emission of Greenhouse Gases that cause climate change. When it does so, it generates Emission Reduction Certificates, CERs, a product that also contributes so that other agents can also achieve their environmental objectives, because the fight against Climate Change is a commitment and responsibility of all.

This auction shows EPM's commitment to the sustainable development of the country, making the Sustainable Development Goals that give access to clean energy a reality, seeking solutions to climate change and creating inclusive and cooperative alliances.

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