//The first urban scheme of payments for environmental services in Colombia begins to operate

The first urban scheme of payments for environmental services in Colombia begins to operate

  • 22.12.2016
  • On 1st December, the Metropolitan BanCO2 was launched, a scheme of payments for environmental services that has reached almost all the departments of Colombia and that this time reaches the urban area thanks to the Andean Forests Program that runs in Antioquia through the interinstitutional alliance between the Aburrá Valley Metropolitan Area, the Medellín Botanical Garden and the Masbosques Corporation.

    During the central event of the launch of the Metropolitan BanCO2, about 200 people participated, including prominent businessmen from the region, mayors and executives of the main environmental authorities of Antioquia.

    Jaime Andrés García, executive director of Masques, opened the event by highlighting the participation of the Andean Forests Program in this initiative which seeks to guarantee the protection of ecosystems.

    In addition, Eugenio Prieto, director of the Metropolitan Area, highlighted the importance of this scheme of conservation that has within its objectives to improve the quality of life of people who live in and protect these ecosystems.

    This initiative seeks to bring the business sector closer to environmental sustainability alternatives and to show the benefits of measuring and offsetting the carbon footprint in their institutions. Soon the progress of the implementation of Metropolitan BanCO2 will continue to be disseminated.