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BLUEGRACE Energy Bolivia, Announces Participation at Upcoming COP28 Climate Change Conference to take place in Dubai, United Arab Emirates (UAE), from November 30 to December 12, 2023

Monday, 27 November 2023 06:20 PM

Members of the BGEB leadership team will travel to Dubai to join world leaders, politicians, experts, and private sector leaders for a discussion of the climate crisis, and solutions at hand, on a global level.

DUBAI (UAE) / ACCESSWIRE / November 27, 2023 / BlueGrace Energy Bolivia (BGEB), a distinguished member of the International Capital Market Association (ICMA) and a trailblazer in environmental conservation, is set to make a significant impact at the upcoming 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC). This pivotal event is scheduled to take place in Dubai, United Arab Emirates (UAE), from November 30 to December 12, 2023.

At this global forum, BGEB's delegation, led by CEO Julio Montenegro, will present their expert insights on the indispensable role of both compliance and voluntary carbon markets in aiding governments and corporations to reach their ambitious net-zero targets. Montenegro emphasizes the urgency of the situation: "The escalating threat of global warming and climate change necessitates urgent and innovative actions from both private and public sector leaders to secure a sustainable future. The United Nations' support for carbon offsetting marks a critical step towards global decarbonization. However, it's essential to maintain and accelerate the momentum in the development and participation of carbon markets. Equally important is establishing a foundation of trust and transparency, which are vital for these markets to fully realize their potential."

Remarkably, BGEB has achieved over 90% of the United Nations Sustainable Development Goals (SDGs), a testament to its dedication and potential in committing to significant investment projects. These projects not only align with BGEB's goals of verticalization and global market expansion but also reinforce its growing international presence and expertise in the field.

In a groundbreaking initiative, BlueGrace Energy Bolivia is leading a project to conserve an extensive area of 20.5 million acres in the Bolivian Amazon Rainforest. This initiative, unprecedented in scale, demonstrates BGEB's profound commitment to environmental conservation. It aligns with the UN SDGs and involves innovative financial instruments like the Tokenization of SDG Bonds and Natural Forest Capital Assets.

Leveraging cutting-edge technologies such as artificial intelligence and satellite imagery, BGEB is set to make a significant contribution to global climate goals by accurately quantifying carbon credits. This initiative is a crucial step in the global effort to combat climate change.

Furthermore, BGEB's collaborations extend beyond environmental goals. The company has established partnerships with key organizations like ICMA, MAXIMANCE 2030 LTD, DevvStream, and others, focusing on empowering indigenous communities. These partnerships aim to enhance access to education, healthcare, and infrastructure, thereby fostering a holistic approach that integrates environmental protection, clean energy transition, and community empowerment.

Montenegro adds, "We look forward to connecting with stakeholders from around the globe in Dubai to discuss these key issues. Our commitment at BLUEGRACE ENERGY BOLIVIA is to foster these discussions and collaborations, driving forward the agenda for a more sustainable and environmentally responsible future."

In the context of a rapidly growing personalized carbon offsetting market, which is projected to reach $100 billion by 2030, BGEB's initiatives are particularly relevant. This market growth is driven by increasing corporate demand and stricter regulations, especially for nature-based credits. Reports from sources like Bloomberg highlight the critical role of carbon credits in achieving net-zero emissions. To limit global warming to 1.5°C by 2030, an investment of $44 trillion in renewable energy is necessary. Over 6,323 entities are ramping up their emission reduction commitments under the Science-Based Targets Initiative, and major financial institutions like Citi Group and JP Morgan are making significant investments in carbon credits, illustrating the synergy between finance and climate action.

BGEB's partnerships and initiatives are a testament to the power of collective action and innovation in striving for a sustainable and carbon-neutral future. As the company prepares for its participation in COP28, it stands as a beacon of environmental stewardship and a pioneer in the realm of clean energy and community empowerment in Bolivia.

About BlueGrace Energy Bolivia:

BlueGrace Energy Bolivia, a global consortium of energy experts, is committed to advancing the transition to a net-zero future in response to climate change challenges. Our team specializes in clean and renewable energy, boasting decades of experience in pioneering 21st-century energy transition projects. Grounded in professional expertise and unwavering integrity, we aim to create genuine value for business and society. Learn more at https://bluegracebolivia.com/.

For further information, please contact:

JULIO JOSE MONTENEGRO
[email protected]
+1 (305) 9728173 (Miami - EE.UU.)

NELSON PINEDA MARTINEZ
[email protected]
+591 714-72257 (Bolivia)

For all media inquiries, please contact:

Ivan Linde
[email protected]
+1 (786) 273-7068 (Miami - EE.UU.)

Disclaimer

This announcement is solely for informational use and should not be viewed as financial, legal, or investment guidance. It includes projections and statements that aren't based on past events. Any statement in this release that isn't a historical fact is a projection. Readers should be aware that the basis for these projections might be incorrect and are advised not to rely solely on them. Any projections in this announcement come with a warning. They are current as of the release date, and the Company has no plans to update them, except as mandated by securities regulations.

SOURCE: BLUEGRACE ENERGY BOLIVIA

Topic:
Environmental, Social and Governance
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