Great news for ๐ฌ๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ฅ๐ ๐ญ๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ in #Chile: Zerocaโs โ๐๐ก๐ข๐ฅ๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐จ๐๐ข๐ฅ๐ข๐ญ๐ฒโ activity has now been authorised by both #Switzerland and #Chile under Article 6.2 of the Paris Agreement.
The significance is clear: outside Santiagoโs metropolitan public bus network, which is not part of the activity, the uptake of electric vehicles (EVs) remains extremely low, with market penetration below 1% and sales shares under 2%. By promoting the adoption of EVs across multiple categories, including buses and trucks, the activity helps ๐ฌ๐ก๐ข๐๐ญ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ญ๐จ๐ฐ๐๐ซ๐๐ฌ ๐๐ฅ๐๐๐ง๐๐ซ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐๐ฌ and supports the ๐ฌ๐๐๐ฅ๐-๐ฎ๐ฉ ๐จ๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐ฆ๐จ๐๐ข๐ฅ๐ข๐ญ๐ฒ in Chile. The KliK Foundation will support the financial viability of the activity by purchasing the resulting #ITMOs.
Another strong example of how #Article6 can help accelerate market transformation where it is needed.
Congratulations to everyone involved in making this milestone possible!