Argentina’s Carbon Market: A Hybrid Path to 2050 Neutrality
As countries race to meet climate goals, Argentina is quietly laying the groundwork for a robust carbon market that balances national interests with global integrity. With a target of reducing net emissions to 349 MtCO₂e by 2030 and achieving climate neutrality by 2050, the country is increasingly aligning its climate policy framework with international best practices, including the development of a national carbon registry, the formalisation of its voluntary carbon market (VCM), and preparations for future participation in carbon credit trading under Article 6 of the Paris Agreement.
Argentina’s climate strategy includes a progressively scaled carbon tax introduced in 2018, covering most liquid fuels and select solid fuels such as mineral coal, fuel oil, and petroleum coke. For these solid fuels, rates began at 10% in 2019 and are increasing annually to reach 100% by 2028. Revenues are distributed via the Federal Revenue Distribution System and allocated to national development priorities, including social security, infrastructure, housing, and provincial budgets.
Argentina is exploring an emissions trading system (ETS) as part of its National Strategy for the Use of Carbon Markets (ENUMeC) approved in 2023, which outlines frameworks for compliance and voluntary markets. An ETS proposal initially included in a 2023 bill targeted the energy sector with potential expansion but was later removed from the revised 2024 Framework Law. Despite this, Argentina partnered with the IDB in September 2024 to develop an ETS blueprint, signalling continued interest in market‑led decarbonisation.
At the core of Argentina’s carbon strategy is ReNaMi, the National Registry of Mitigation Projects created under Resolution 363/2021. It records projects that reduce emissions or increase removals, ensuring transparency, avoiding double counting, and supporting UNFCCC reporting. ReNaMi currently lists projects already registered in public international databases and cannot yet accept voluntary direct registration. It also includes Argentina’s REDD+ Registry (2014–2016 results) and is key for reporting carbon market use in Biennial Update Reports and for future Article 6 implementation under ENUMeC.
The recent launch of BACX, Argentina’s digital carbon exchange in partnership with ACX (AirCarbon Exchange) Group, marks a pivotal step in market infrastructure. ACX contributes a fully digital trading system that supports multiple certification standards (such as Verra’s VCS and Gold Standard), providing full traceability, transparency, and enterprise-grade security. BACX, backed by Lockton, brings risk mitigation tools that protect against delivery failures, reputational, political, credit cancellations, and registry risks.
Together, this integrated model makes BACX arguably the most secure and transparent carbon trading platform in Latin America offering both a trusted venue for domestic project developers and a gateway to international buyers.
As Argentina advances its carbon market framework, now is the time to engage. Whether you are a domestic project developer looking to access international buyers or an institution seeking high-integrity carbon credits, BACX—powered by ACX—offers a seamless and secure route to market.
Reach out to ACX or BACX to explore how you can participate in Argentina’s growing carbon market.
Sources:
- https://icapcarbonaction.com/en/ets/argentina
- https://www.iea.org/policies/19277-law-27430-on-taxing-liquid-fuels-and-carbon-dioxide
- https://carbon-pulse.com/338932/
- https://ndcpartnership.org/country/arg
- https://www.argentina.gob.ar/ambiente/Desarrollo-Sostenible-y-Gesti%C3%B3n-Clim%C3%A1tica/alteracion-del-clima/registro-nacional-de
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September 24, 2025Argentina’s Carbon Market: A Hybrid Path to 2050 Neutrality
As countries race to meet climate goals, Argentina is quietly laying the groundwork for a robust carbon market that balances national interests with global integrity. With a target of reducing net emissions to 349 MtCO₂e by 2030 and achieving climate neutrality by 2050, the country is increasingly aligning its climate policy framework with international best practices, including the development of a national carbon registry, the formalisation of its voluntary carbon market (VCM), and preparations for future participation in carbon credit trading under Article 6 of the Paris Agreement.
Argentina’s climate strategy includes a progressively scaled carbon tax introduced in 2018, covering most liquid fuels and select solid fuels such as mineral coal, fuel oil, and petroleum coke. For these solid fuels, rates began at 10% in 2019 and are increasing annually to reach 100% by 2028. Revenues are distributed via the Federal Revenue Distribution System and allocated to national development priorities, including social security, infrastructure, housing, and provincial budgets.
Argentina is exploring an emissions trading system (ETS) as part of its National Strategy for the Use of Carbon Markets (ENUMeC) approved in 2023, which outlines frameworks for compliance and voluntary markets. An ETS proposal initially included in a 2023 bill targeted the energy sector with potential expansion but was later removed from the revised 2024 Framework Law. Despite this, Argentina partnered with the IDB in September 2024 to develop an ETS blueprint, signalling continued interest in market‑led decarbonisation.
At the core of Argentina’s carbon strategy is ReNaMi, the National Registry of Mitigation Projects created under Resolution 363/2021. It records projects that reduce emissions or increase removals, ensuring transparency, avoiding double counting, and supporting UNFCCC reporting. ReNaMi currently lists projects already registered in public international databases and cannot yet accept voluntary direct registration. It also includes Argentina’s REDD+ Registry (2014–2016 results) and is key for reporting carbon market use in Biennial Update Reports and for future Article 6 implementation under ENUMeC.
The recent launch of BACX, Argentina’s digital carbon exchange in partnership with ACX (AirCarbon Exchange) Group, marks a pivotal step in market infrastructure. ACX contributes a fully digital trading system that supports multiple certification standards (such as Verra’s VCS and Gold Standard), providing full traceability, transparency, and enterprise-grade security. BACX, backed by Lockton, brings risk mitigation tools that protect against delivery failures, reputational, political, credit cancellations, and registry risks.
Together, this integrated model makes BACX arguably the most secure and transparent carbon trading platform in Latin America offering both a trusted venue for domestic project developers and a gateway to international buyers.
As Argentina advances its carbon market framework, now is the time to engage. Whether you are a domestic project developer looking to access international buyers or an institution seeking high-integrity carbon credits, BACX—powered by ACX—offers a seamless and secure route to market.
Reach out to ACX or BACX to explore how you can participate in Argentina’s growing carbon market.
Sources:
ACX
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