The Ministry of Environment and Sustainable Development (MADES) has graciously extended a distinguished invitation to Mr. Marcel van Heesewijk, Chief Executive Officer of Quadriz, in recognition of the company’s outstanding role in the development and advancement of carbon markets in the country.
In the presence of the President of the Republic of Paraguay, Santiago Peña, the agreement was signed by Paraguay’s Minister of Environment and Sustainable Development, Rolando de Barros Barreto and the Singapore’s Minister for Sustainability and the Environment, Grace Fu Hai Yien. The agreement paves the way for project developers to advance carbon mitigation initiatives that adhere to the stringent Article 6 rulebook.
Main authorities of Paraguay and Singapore present at the event:
PARAGUAY
President of the Republic: Santiago Peña Palacios
Ministry of Environment and Sustainable Development (MADES): Minister, Rolando de Barros Barreto Acha
Ministry of Industry and Commerce (MIC): Minister, Francisco Javier Giménez García de Zuñiga and Vice Minister of Industry, Marco Riquelme
Ministry of Public Works and Communications (MOPC): Minister, Claudia María de la Paz Centurión Rodriguez
Ministry of Foreign Affairs of the Republic of Paraguay (MRE): Minister, Ruben Ramirez Lezcano
Investment and Exports Network (REDIEX) (under the Ministry of Industry and Trade): Vice Minister of Investment and Exports, Javier Viveros
Ambassador of Paraguay to the Republic of Singapore: Ambassador, Miguel Ángel Romero
SINGAPORE
President of the Republic: Tharman Shanmugaratnam
Ministry of Sustainability and Environment: Minister, Grace Fu
This collaboration not only strengthens both countries’ climate ambitions but also supports the development of a regulated carbon market in Paraguay, following the country’s recent legislative and regulatory progress.
The Implementation Agreement enables carbon credits to be used for a variety of purposes, including:
- Offsetting up to 5% of emissions for companies obligated under Singapore’s carbon tax framework (effective from January 1, 2024)
- Fulfilling Nationally Determined Contributions (NDCs) under the Paris Agreement
With a portfolio of validated and verified nature based carbon projects, Quadriz is uniquely positioned to support the execution of this burgeoning bilateral relationship. With spot, forward, pre-issuance offtake and project equity investment opportunities, Quadriz stands ready to support buyers and investors eager to participate in this new era of international carbon trading.
We are the largest registered projects in the country under the REDD+ Corazón Verde del Chaco Project. This achievement reflects the scale and impact of our efforts in environmental restoration and climate change mitigation. These projects are not only significant in terms of carbon sequestration but also play a vital role in protecting biodiversity and supporting local communities. Their relevance is especially important for securing the Climate, Community & Biodiversity (CCB) certification, which recognizes projects that generate outstanding social and environmental co-benefits.
For prospective buyers and partners interested to learn more about these opportunities, please contact Nick O’Brien, Head of Carbon Finance – nick.obrien@quadriz.com
