Tero Carbon and GEAP – Global Environmental Asset Platform sign a Memorandum of Understanding for future integration of services.
Manaus, AM – Tero Carbon Avaliações e Certificações S.A., a Brazilian environmental asset certification company, and GEAP, an electronic trading platform for carbon credits and other environmental assets, have announced the signing of a Memorandum of Understanding (MoU) for the future integration of their services. This move aims to create a system that allows Tero Carbon’s clients to integrate their assets with a global trading platform, offering liquidity and transparency in transaction records.
Tero Carbon, based in Manaus, specializes in the certification of environmental assets using locally adapted methodologies developed for small-scale projects, promoting Brazilian projects’ access to the global market. With values of honesty, transparency, respect, and commitment, Tero Carbon reinforces its mission to strengthen the environmental asset sector with quality and integrity.
GEAP, headquartered in Rio de Janeiro, is an electronic platform that facilitates carbon credit transactions through the GEAP Trading Platform. The company has already established significant partnerships for both private carbon credit projects and jurisdictional credits.
The future integration between Tero Carbon and GEAP will enable the creation of a “liquidity pool” for environmental assets certified by Tero Carbon, increasing the efficiency and security of transactions. This synergy aims to strengthen the Brazilian environmental market, establishing itself as a reliable and secure alternative for companies and organizations seeking to neutralize their carbon emissions.
Key objectives of the future integration between Tero Carbon and GEAP:
- Strengthen the carbon credit and environmental asset market in Brazil: The union of guidelines and resources will create a safer and more transparent environment for transactions.
- Facilitate access to the global market for local projects: The collaboration will expand opportunities for small climate mitigation projects, aligning with Tero Carbon’s commitment to sustainable development.
- Adapt to environmental regulations: The MoU stipulates that both companies will continuously work to improve their services, adapting to national and international regulations and best practices.
Quotes:
“The signing of this Memorandum of Understanding with GEAP represents another step in our journey to offer high-quality and trustworthy solutions in the Brazilian environmental asset certification sector.”
Francisco Higuchi, Tero Carbon CEO
“Quality in carbon markets is of utmost importance, and Tero Carbon brings this credibility to the GEAP platform, becoming an essential source of carbon projects with the best methodologies.”
Daniel Parke, GEAP representative
About Tero Carbon
Tero Carbon is a Brazilian environmental asset certifier that uses local methodologies and an advanced digital platform to audit and record data from climate mitigation projects. The company also employs blockchain technology to register asset transactions, ensuring security and traceability from the issuance to the retirement of credits.
About GEAP – Global Environmental Asset Platform
GEAP is an electronic trading platform in Brazil for carbon credits, creating an organized marketplace for environmental assets with the goal of providing a liquidity pool for trading these assets. GEAP’s objective is to offer transparency, price formation, and greater liquidity to the currently opaque carbon credit market, while also preparing for the future regulated market and the significant market developments that will emerge alongside it. GEAP’s shareholders include CERC, which focuses on post-trade activities, and Ludovino Lopes, from Ludovino Lopes Advogados, one of the leading experts in environmental law and carbon market structuring.