World Environment Day is celebrated on June 5th, a date established by the United Nations - UN, with the aim of drawing the population's attention to environmental problems and the importance of preserving natural resources. In light of this important milestone, logtech goFlux announces the pre-launch of its carbon credit product focused exclusively on the road freight transport sector.
The company's idea is that shippers (who generate carbon emissions in their transport operations) can (zero) their respective emissions, through the acquisition of carbon credits directly through the platform. The potential of the road freight transport (TRC) sector is enormous. According to the National Transport Confederation (CNT), around 266 thousand companies operate in this segment.
In turn, the number of autonomous transporters exceeds 847 thousand. In addition, there are 519 road freight transport cooperatives. As a result, the sector's fleet is 2,5 million vehicles, including trucks and road implements. In other words, 70% more than what was recorded 15 years ago. “The numbers prove the size of this market and how important it is to think about alternatives to reduce the impact of CO2 emissions”, says Patricia Gagliardi, Head of New Business and Innovation at goFlux.
The new logtech solution will be available to all platform customers, that is, to shippers and carriers. The tool will work simply. It will feature a simulator, which will enable the customer to calculate the carbon footprint directly there, that is, it will indicate the beginning and end of the stretch where the cargo will be transported.
The platform, using a type of digital calculator, will measure how much CO2 was generated from point A to B. The result will automatically come out with how much is needed to compensate for the emissions of this freight. According to Patrícia, the new product proposal is inclusive, so that the entire logistics chain benefits.” Credits can be compensated in a simple and quick way when contracting freight”, he reinforces.
Furthermore, it is important to highlight that the product will consist of a basket made up of credits arising from the production of renewable energy and forestry credits. “Our expectation is to compensate 25% per year of the CO2 being emitted within the goFlux platform”, highlights the professional.
Recently, the Minister of the Environment, Joaquim Leite, during the opening plenary of the Global Carbon Market Congress – Decarbonization & Green Investments, announced carbon regulation. The widely expected measure defines how the market will function, including flows and control mechanisms. As a result, the actors involved have greater legal security for negotiations, with a certification and sales control system, which prevents practices such as double counting.
According to the Minister, the regulated market accounts for the largest share of carbon traded in the world, with an estimated volume of around US$832 billion last year. Brazil's potential is enormous, by 2030, the country can generate up to R$100 billion in revenue from carbon credits in the agribusiness, forestry and energy sectors alone, according to projections by WayCarbon and the International Chamber of Commerce Brasil. This would cover between 2% and 22% of the global regulated market.
As in Brazil, the issue has also stirred up several countries around the world. Last year, global carbon markets exceeded 750 billion euros ($850 billion) in transactions. Almost all of this happened in so-called compliance markets, where laws require large greenhouse gas emitters to buy permits or credits.
Today's voluntary market demand for carbon offsets is 127 million tons, a number that could grow to at least 3,4 billion tons or even 6,8 billion tons by mid-century. Considering that global emissions today are just over 51 billion tons per year, offsets could be a significant part of deeply decarbonizing the global economy.
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