CABIDA brings together companies from the region in Burgos to boost their participation in the carbon market
CABIDA brings together companies from the region in Burgos to boost their participation in the carbon market. CABIDA presented itself to companies from Castile and León at the Technological Breakfast "Online Carbon Offset Auctions for Companies," held on September 29 at the Science and Technology Station in Burgos. The event aimed to introduce CABIDA's digital proposal to the region's business community to enhance their participation in carbon markets. The meeting began with a welcome address by Virginia Santamaría, the Burgos territorial director of ICECYL, who presented the Centr@Tec4 program's initiatives for companies in the region. Following this, Marta Sanz Buezo introduced the session, leading into a presentation by Pablo Sabín, director of Cesefor, who explained the role of carbon offset auctions as a catalyst for corporate decarbonization. The central part of the day's session was led by Julia Bueso, head of CABIDA at Cesefor, who presented the platform as the first online carbon offset auction tool developed to facilitate the participation of companies in Castile and León in this market. Bueso demonstrated the practical operation of CABIDA, guiding the participating companies from the initial assessment to their effective participation in an auction, and explained how the platform opens new avenues for: – Accessing sustainable financing opportunities. – Contributing to decarbonization projects. – Advancing compliance with carbon market requirements. – Incorporating digitalization into sustainability management. As this was the first auction held on the platform, a series of improvements (implemented thanks to user feedback) led to a temporary suspension of access. Therefore, the auction period was extended by ten days (until October 9th) to allow registration and bidding to proceed with all the operational improvements in place. This decision reinforces CABIDA's commitment to the strength and reliability of the forest carbon market it is promoting. The event was part of the Centr@Tec4 program, promoted by the Institute for Business Competitiveness of Castile and León (ICECYL) in partnership with the region's Technology Centers, with the aim of fostering innovation, digitalization, sustainability, and technology transfer in companies in Castile and León. The event also had the collaboration of the Burgos City Council. The meeting concluded with a networking reception, where attendees could ask questions of the CABIDA team and explore potential avenues for collaboration. CABIDA thanks everyone who participated in this event and who contribute to continuing to build solutions that connect business, technology, and sustainability.
CABIDA, the forest carbon credit auction platform promoted by the Cesefor Foundation, holds its first public event in Burgos on September 29.
CABIDA, the forest carbon credit auction platform promoted by the Cesefor Foundation, holds its first public event in Burgos on September 29. CABIDA, the digital platform promoted by the Cesefor Foundation, will open its first auction process on September 23 and hold its closing event on Tuesday, September 29, from 10:30 a.m. to 1:30 p.m., at the Science and Technology Station (Dr. José Luis Santamaría Street, Burgos), where the number of credits awarded will be announced live. How the platform works: CABIDA was created to connect certified forestry projects (reforestation, improved forest management, or conservation) with companies and institutions seeking to offset their emissions, thus boosting a market where most of the credits generated in Spain are not yet traded. Registering as a forestry project promoter involves several steps: registering as a credit seller on the platform, providing the organization's information, signing an agreement with the CABIDA management team, reviewing and validating the application, and, once validated, registering the projects and certified credits for inclusion in the auction. From there, the credits are grouped into lots (defined by volume, standard, location, and conditions) with a reference starting price, and are subject to a competitive bidding process in which the buyers themselves determine the final price. At the close of the auction, a legally binding digital contract is formalized, and the status of the credits is updated in the platform's registry, preventing double counting. CABIDA incorporates traceability systems and legally binding digital contracts and is compatible with standards such as the National Carbon Footprint Registry of the Ministry for Ecological Transition and the Demographic Challenge (MITECO), Verra, and Gold Standard. The event on September 29th in Burgos: The closing of CABIDA's first auction will take place on Tuesday, September 29th, from 10:30 a.m. to 1:30 p.m., at the Science and Technology Station (Dr. José Luis Santamaría Street, Burgos). The event will include the live closing of the auction and the announcement of the number of loans awarded. Participation in this event is free, but prior registration is required using this form. The event is also made possible thanks to the collaboration of the Burgos City Council. Castile and León, a significant player in the market: CABIDA's Product Director, Julia Bueso, highlighted that a large portion of the absorption projects developed so far in Spain are located in Castile and León, a region that, in her opinion, will represent a significant percentage of transactions nationwide. In this regard, Bueso emphasizes that "Castile and León is one of the autonomous communities with the most forestry activity and the most economic activity derived from forestry." Another aspect highlighted by CABIDA's product director is that one of the platform's objectives is "to open the market to smaller initiatives, which until now have found it more difficult to sell their credits." According to Bueso herself, the intention is for any certified forestry project, large or small, to have a direct and transparent channel to sell its carbon credits.
