Program Overview
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Ecuador is advancing its climate policy framework by integrating carbon pricing instruments to support its national mitigation objectives. In line with this effort, in 2021 the country approved regulations establishing the “Greenhouse Gas Emission Compensation Scheme of Ecuador” as a component of its “Corporate Carbon Footprint Program” (Programa Ecuador Carbono Cero - PECC). This initiative reflects Ecuador’s broader strategy to mobilize private sector engagement in climate action.
Country Market Based Approach
Emissions Trading
Carbon Tax
Objective and Activities
The PMI Program in Ecuador aims to support the country in implementing this new scheme by providing technical assistance on:
- Capacity building for private sector participation: Deliver targeted training workshops and develop tailored educational materials to enable companies to join the PECC, set ambitious emission reduction commitments, and implement corporate decarbonization strategies, including using the domestic offsetting system
- Stakeholder engagement and outreach: Design and execute a national outreach and communications plan to expand participation in the PECC, building on the current momentum of over 600 participating companies
Additional Resources
- Ecuador’s Corporate Carbon Footprint Program: Programa Ecuador Carbono Cero - PECC, (Spanish)
- Greenhouse Gas Emissions Compensation Scheme Regulation, 2023 (Spanish)