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This is a historical minute for the carbon markets, as these are the initial UNFCCC Paris Agreement authorized Internationally Transferred Mitigation Outcomes (ITMOs) netted at nationwide degree, offering international climatic stability and nationwide co-benefits: biodiversity, Sustainable Development Goals (SDGs), financial, social and administration advantages to the regional and native neighborhoods in Suriname.
LONDON,Aug 23, 2024/ PUBLIC RELATIONSNews cord/– ITMO Ltd and BancTrust Investment Bank Limited ( BancTrust) have actually revealed, along with the Republic of Suriname, the offering (1.5 mtCO2e) of the globe’s initial UNFCCC Paris Agreement authorized ITMOs validated underArticle 6 These are carbon decrease ITMOs classic 2021 that stand for rain forest preservation for the entire nation of Suriname and followed 3 years of due procedure and due persistance with Suriname and the UNFCCC.
The completely UNFCCC REDD+ validated and verified at nationwide and global degree offering of these Sovereign Carbon Credits stands for greater than simply carbon bunches; they are additionally a proxy for a large range of extra worth to the atmosphere:
- Protecting rain forest in Suriname;
- Conserving Suriname’s Biodiversity under the Cancun Safeguards;
- Supporting all 17 SDGs within Suriname;
- Contributing to the nation’s Nationally Determined Contribution;
- Providing Economic, Social and Governance advantages to the regional and native neighborhoods by returning a minimum of 95% of profits to the releasing nation.
These are the globe’s initial carbon debts from the brand-new Paris Agreement Carbon Markets where nations are permitted to release and trade their Sovereign Carbon with various other nations and the economic sector.
The main launch and offering statement were made at the Climate Investment Summit at the London Stock Exchange before thousands of business and capitalists.
The need for Carbon Credits that meet the Paris Agreement is rapid as increasingly more corporates and nations require to fulfill their net-zero targets by 2030 and 2050 with carbon decreases and eliminations.
These ITMOs are an extremely scalable Paris Agreement certified option to aid fulfill the 1.5 c target, and are the second most impactful climate mitigation solution according to the IPCC.
Interested purchasers and capitalists can speak to either ITMO Ltd or BancTrust for more details regarding Suriname, ITMOs and the Paris Agreement Carbon Market pc registry today.
Ian Robinson, CHIEF EXECUTIVE OFFICER of ITMO Capital stated: “We are very proud to be issuing the world’s first Carbon Credits under the Paris Agreement as more and more corporates and investors are demanding carbon credits of the highest scientific and carbon integrity…”
Carlos Fuenmayor, Chief Executive at BancTrust stated: “We are thrilled to participate in the world’s debut ITMO issuance as global investors demand a more robust and transparent carbon credit marketplace.
About ITMO Ltd.
ITMO Ltd. (www.itmo.com) supports nations, corporations and financial institutions transition to Net-Zero, at speed and scale, through the Paris Agreement Carbon Market. ITMO Ltd. sources, structures, and sells Paris-Compliant Sovereign Carbon Credits (ITMOs), at Gigaton Scale, with Economic, Social, and Environmental benefits. The first ITMOs are currently being issued by Rainforest countries. ITMO Ltd. is a private company based in the USA and the UK developing the Paris
Agreement Carbon Market, its infrastructure, its products and its credibility through three units: ITMO Tech (Structuring, Platform & Registries), ITMO Capital (Selling, Syndication & Distribution) and ITMO Research (Data, Analytics & Research). ITMO Ltd. is an affiliate of the Coalition for Rainforest Nations.
About BancTrust
BancTrust Investment Bank Limited (www.banctrust.com) is a London-based investment bank focused on emerging markets that offers corporate and investment banking, securities dealing and financing, investment research products and services to a diversified client base mainly comprised of emerging and frontier markets-based corporations, financial institutions, governments, and dedicated global EM asset managers.
Contact
ITMO Ltd:
For Press enquiries contact Michael Mathres, Chief Marketing Officer – michael@itmo.com
For Sales contact Nicky Candler, Head of Sales, ITMO Capital – Nicky@itmo.com
BancTrust:
For Press enquiries contact Maria Magurno, Head of Marketing and Communications – mmagurno@banctrust.com
For Sales contact Ian Gladen, Head of Treasury, BancTrust Investment Bank Limited– IGladen @banctrust. co.uk
