ForestFinest Consulting/CO2OL supports the initiative of the German Federal Ministry for Economic Cooperation and Development (BMZ) and Development Minister Gerd Müller to establish an „Alliance for Development and Climate“.
The aim of the alliance is to make it easier for companies and organisations to voluntarily, vigorously and effectively finance CO2 offset projects in developing countries – for example biogas plants, wind power, solar energy or reforestation – and thus make their own CO2 balance climate-neutral. The financed projects avoid CO2 emissions or remove them from the atmosphere; at the same time they promote economic and social development locally.
The Alliance is also committed to promoting the voluntary CO2 market as a whole, improving the political framework for voluntary CO2 offsetting and helping companies network with offsetting specialists and project developers.
To date, 70 German companies and associations have participated in the initiative.