First Sale of Carbon Credits in Guatemala

The $ 400.000 raised will go to manage forests in an 11 hectare area in Petén.

Tuesday, February 22, 2011


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U.S. Company Global Carbon Group agreed to buy carbon credits from the mayors of San Jose and San Francisco in the first operation of its kind in Guatemala, and thus offsetting 1.2 million tons of greenhouse gases for 20 years.

For Guatemala this type of arrangement is an alternative to stop deforestation in the country.

The article in Prensalibre.com, reported that "The sale of carbon credits is a mechanism recognized by the Voluntary Carbon Market, a parallel initiative to methods used by the Kyoto Protocol."

More on this topic

Budding Carbon Credit Market in Costa Rica

June 2013

Eleven companies have shown their interest in participating in the local carbon credit market, which still lacks clear rules.

"Although in the last few days a "road map" for the Voluntary Domestic Carbon Credit Market in Costa Rica has emerged, there is still much to be done, therefore the country should not slow down on this issue," said Wilkie Mora, manager at Geocycle (a subsidiary of Holcim).

Carbon Market in Honduras

June 2009

The Dutch Cooperation Service promotes the creation of a market for carbon certification in the country.

With the aim of promoting business development in the carbon market, the Dutch Cooperation Service (SNV) will develop the "Investment Opportunities in the Carbon Market" conference, in which "entrepreneurs and investors, members of the banking sector, the public sector, consulting firms and international collaborators will participate."

Carbon Credit Hub in Panama

September 2010

The hub will be located in the City of Knowledge, a business, scientific and Technological Park, with the objective of promoting the sale of carbon credits.

The project includes Spanish company Madrid Network, which will sign an agreement to install the center.

The main objective of the center, which expects to be operational in 2011, will be to advise businesses on how to obtain fair prices for their carbon credits.

Carbon Credit Market in Panama

April 2012

Eight Panamanian projects have been authorized by a UN commission to sell carbon credits on global markets and there are 24 initiatives in the evaluation phase.

The Executive Board of Clean Development Mechanisms of the United Nations Convention Framework on Climate Change, is the body which has authorized eight projects established in Panama to sell carbon credits on the international market.

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