Explore average pricing, vintages, and technologies for carbon credits originating from Chile.
Access verified Chile I-REC certificates and Green Tax-eligible carbon credits, Chile Renewable Energy Certificate instruments and Chile Carbon Credits through Hestiya's transparent, blockchain-powered marketplace, built for Chile ESG Reporting, Scope 2 reduction and Net-Zero strategies.
Share of Chile's electricity generated from renewables in 2024, hitting its 2030 target early
Chile's legislated carbon neutrality target under the Ley Marco de Cambio Climático
Share of grid energy supplied by solar and wind alone in 2025, a national record
Year SCX became Chile's I-TRACK Foundation-accredited I-REC(E) Issuer
Chile's power system has shifted decisively toward renewables. Solar and wind alone supplied roughly 38% of all energy injected into the grid in 2025, briefly meeting up to 79% of national demand at peak hours, while renewables overall, including hydropower, reached close to 70% of generation in 2024, a share the government had originally targeted for 2030. The Atacama Desert's exceptional solar irradiance and the wind resources of the Magallanes region anchor this growth. SCX has been Chile's I-TRACK Foundation-accredited I-REC(E) Issuer since 2018, with each certificate corresponding to 1 MWh of verified renewable electricity generation, giving buyers an internationally recognised Chile Renewable Energy Certificate to prove clean electricity consumption.
As global supply chains tighten disclosure requirements, there is increasing demand for Chile ESG data, Chile Renewable Energy Certificates, Chile Green Energy Certificate-style attribute tracking, Energy Attribute Certificates, carbon credits, Net-Zero commitments, and Decarbonization strategies, instruments that prove renewable electricity consumption and emissions reduction. Corporations with operations, suppliers, or sourcing relationships connected to Chile are increasingly seeking credible ways to support Chile ESG goals, Scope 2 Renewable Energy Certificates claims, and broader Net-Zero commitments.
Hestiya provides access to verified climate assets through a transparent, blockchain-powered marketplace, spanning I-REC certificates, Chile Renewable Energy Certificate documentation, Energy Attribute Certificate records, and Green Tax-eligible carbon credits. Buyers and developers alike can discover, evaluate, and transact Chile-based climate assets in one place, backed by verifiable ownership records and retirement documentation suited to formal Chile ESG Reporting disclosures under the CMF's NCG 519 mandate.
The Atacama Desert holds some of the highest solar irradiance levels recorded anywhere on Earth, while the Magallanes region in Chile's far south offers wind resources among the best available anywhere, together anchoring one of Latin America's fastest-growing renewable energy markets. Solar power alone supplied roughly 22% of national generation in 2024, with wind and hydropower adding further scale. Combined, renewables reached close to 70% of Chile's electricity mix that year, a level the government had targeted for 2030.
Unlike some neighbouring markets, Chile has no separate closed domestic GEC (Green Energy Certificate) scheme running alongside I-REC — SCX-issued certificates function as the country's primary, internationally recognised Chile Green Energy Certificate and Energy Attribute Certificate standard, directly usable for corporate Scope 2 Renewable Energy Certificates claims recognised by RE100, CDP and the GHG Protocol.
Chile's Ley Marco de Cambio Climático (Law 21.455), enacted in June 2022, made Chile the first developing country in the world, and the first in Latin America, to legislate a Net-Zero target, committing the country to carbon neutrality and climate resilience by 2050, with progress reviewed every five years. On the carbon pricing side, Chile's Green Tax has been in force since 2017, applying to facilities emitting more than 25,000 tCO₂e a year at a rate of USD 5 per tonne, with an offset mechanism introduced in 2023 that lets regulated entities compensate more than 4.4 million tonnes of CO₂ in 2024 alone using eligible domestic carbon credits. Government policy targets a carbon price of USD 35 per tonne by 2030 and USD 80 per tonne by 2040.
Chile is also moving toward mandatory ESG Reporting: the CMF's NCG 461, in force since 2021, already requires TCFD- and SASB-aligned sustainability disclosures from supervised issuers, and NCG 519, issued in October 2024, layers in full adoption of IFRS S1 and S2 starting with the 2026 fiscal year, to be reported in 2027, placing new weight on verifiable, third-party-tracked certificates over self-reported claims.
Hestiya's Chile Carbon Credits Marketplace and I-REC Marketplace enable organisations to purchase verified Chile Renewable Energy Certificates, access Green Tax-eligible carbon credits, and support renewable energy procurement, all while meeting Chile ESG and sustainability targets. The platform also functions as a Chile Green Energy Certificate-style marketplace for buyers who need documented proof of renewable electricity consumption tied directly to Chile-based generation assets.
The Atacama Desert's record-breaking solar irradiance anchors Chile's fastest-scaling renewable segment, supporting I-REC-backed corporate Chile Renewable Energy Certificate claims.
Magallanes' world-class wind resources, alongside coastal wind farms further north, add a renewable electricity supply eligible for certificate issuance and strengthen the case for Chile Energy Attribute Certificate adoption.
Large and run-of-river hydropower plants continue to underpin Chile's clean generation base, adding renewable electricity supply eligible for I-REC issuance alongside newer solar and wind capacity.
Bundled and unbundled I-REC trades support direct corporate renewable offtake and Scope 2 Renewable Energy Certificates claims for large electricity users, including mining and industrial operators with Chilean operations.
Domestic emission-reduction projects eligible under Chile's Green Tax compensation mechanism let regulated companies offset a share of their carbon tax liability with verified, project-based credits.
Companies sourcing Chile climate assets through Hestiya can support a full range of Chile ESG and sustainability needs, from documenting renewable electricity use to substantiating carbon reduction claims in annual sustainability disclosures aligned with the CMF's NCG 519 mandate. These reporting requirements are increasingly tied to verifiable, third-party-trackable certificates rather than self-reported estimates, and Hestiya's marketplace is built to meet that bar, including alignment with Chile's Green Tax compensation framework.
Specifically, Chile's climate assets purchased through Hestiya can support:
I-REC (International Renewable Energy Certificate) is Chile's Energy Attribute Certificate, issued by SCX, the country's I-TRACK Foundation-accredited Issuer since 2018. Unlike some neighbouring markets, Chile doesn't run a separate closed domestic GEC scheme — I-REC functions as the country's primary, internationally recognised Chile Renewable Energy Certificate, directly usable for claims under RE100, CDP and the GHG Protocol.
Buyers can purchase certificates directly from registered generators, negotiate through power marketers and retailers, or source them through a verified marketplace like Hestiya, with issuance and redemption tracked through SCX's registry.
Verified I-RECs from solar, wind and hydropower projects, alongside Green Tax-eligible carbon credits generated by domestic emission-reduction projects — all with blockchain-tracked ownership and retirement records suited to formal disclosure.
Yes. I-REC is recognised by RE100, CDP and the GHG Protocol as a valid Energy Attribute Certificate, making it usable evidence for Scope 2 Renewable Energy Certificates claims under the GHG Protocol's market-based method.
Chile's Ley Marco de Cambio Climático made it the first developing country to legislate a Net-Zero target, committing to carbon neutrality by 2050. Verified I-REC and Green Tax-eligible carbon credit purchases give companies operating in Chile a documented way to support that transition alongside their own Net-Zero plans.
The Atacama Desert's exceptional solar irradiance and the Magallanes region's world-class wind resources are the twin engines behind Chile's renewable build-out. Solar and wind together supplied around 38% of grid energy in 2025, briefly covering up to 79% of national demand, while combined renewables reached close to 70% of Chile's electricity mix in 2024.
The two instruments serve different purposes: an I-REC certifies that a unit of renewable electricity was generated, while a Green Tax-eligible carbon credit represents a verified emissions reduction elsewhere in the economy. Companies subject to Chile's carbon tax can use these credits under the 2023 offset mechanism to manage part of their tax liability, giving them a complementary tool alongside renewable procurement in pursuit of broader Decarbonization goals.
It's getting there. The CMF's NCG 461 has required sustainability disclosures from supervised issuers since 2021, and NCG 519, issued in October 2024, mandates full adoption of IFRS S1 and S2 starting with the 2026 fiscal year, to be reported in 2027. Verified, third-party-tracked certificates carry more weight in these filings than self-reported claims.
Market price is stable compared to March.
The market outlook for Chile is cautious based on stable trends.
LOW trading activity observed with 3 active records.