Cabify enters blockchain with Climatetrade to offset carbon footprint

Cabify enters the blockchain with ClimateTrade to give transparency to the commitment to zero emissions, it is the first urban mobility company to do so. The Cabify car rental company with driver has been carbon neutral in Spain and America for three years. He does it in a traditional way. Now it is partnering with ClimateTrade to provide traceability to the process. The Cabify App will show customers the carbon footprint of each journey. Cabify will compensate by investing in the green projects of various countries from the ClimateTrade catalog.

The agreement is one more step to decarbonize mobility. Road transport represents 11.7% of global greenhouse effect emissions. Urban centers are responsible for 70% of these, according to the International Energy Agency and C40 Cities. The C40 is the network of the 97 megacities of the world to fight against climate change.

Cabify is committed to reducing emissions by 15% per year, and promoting the electrification of fleets (2025 in Spain and 2030 in Latin America). “We maintain our progress and our commitment to the electrification of the fleet. In parallel, we want to ensure that we generate a positive impact with the appropriate local projects. We want to go beyond the carbon neutrality achieved 3 years ago. To promote the human development of the communities of which we are part ”, says Juan de Antonio, CEO and co-founder of Cabify.

Cabify is the only company in the sector in Europe and Latin America to offset 100% of the emissions generated, since 2018 . The company offsets the footprint of all its activity, corporate and travel. It does this through application (carbon neutral). With it, it has offset more than 310 thousand tons of CO2 through environmental protection projects. That is equivalent to the protection of 12 million trees in the Amazon rainforest.

Now it will compensate in the green projects of the ClimateTrade platform. They are various. To avoid deforestation in the Peruvian Amazon. Carry out waste treatment and employment in renewable energy in Brazil. Another of forest biomass in Chile for the co-generation of energy, prevention of water pollution and reduction of the risk of forest fires. The projects are articulated through a system of traceability of funds via blockchain that guarantees the transparency of the process.

Cabify will integrate the API (application programming interface) that ClimateTrade has developed. It will trace the carbon footprint of each journey of customers who use the application to travel . “We seek to complement Cabify in the leadership of sustainable mobility, and generate the greatest climate impact through the contributions of its clients. This alliance will make it possible to transparently accredit the company’s carbon neutrality ”, affirms Francisco Benedito, CEO and co-founder of ClimateTrade.

Cabify was born in 2011 in Spain to put in contact private users and companies with the best form of mobility. In 2018 it joined the UN Global Compact. The company has more than 33 million registered users worldwide, and 400,000 collaborating drivers . Cabify’s corporate mobility division registers 65,000 client companies. The company declares 100% of its operations in each country where it operates, and entered 223 million euros in Spain alone in 2019.

■ Note: Please specify the source or references of the article for reproduction.

■ Solemn declaration: We reproduced articles and news for purpose of sharing information. Copyright belongs to the original author. If there is any infringement/error, please contact us as soon as possible, modify or delete action will be implemented immediately. Content analysis is for information purposes only and does not constitute any investment advice.

■ View Disclaimer: the views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author’s employer, organization, committee or other group or individual.

Related posts:

Myanmar is one of the most underestimated countries in Southeast Asia. Think of it as Thailand 50 years ago. Large undeveloped parts, relatively easy to travel, few tourists, and very affordable…

Kali ini kita akan membuat pengujian pada Frontend. Pengujian yang dilakukan pada layout ataupun styling dilakukan dengan cara memastikan kalau layout atau konten yang akan diuji terdapat pada…

AnimationStudio allows you to easily create attention-grabbing Animation Explainer videos in any niche or language in minutes. Just select one of the DFY Templates, customize it, and choose your…