Empowering Nature
ITMO Ltd. sources, structures and sells Paris Agreement Compliant Sovereign Carbon credits, at Gigaton Scale, with Economic, Social and Environmental Benefits such as Biodiversity, Local & Indigenous Rights, and the Sustainable Development Goals (SDGs).
Kick-starting the new Paris Agreement Carbon Market
ITMO Ltd. is dedicated to catalyse and develop the new Trillion Dollar Paris Agreement Carbon Market at speed and scale.
On June 26th 2024, Suriname became the first country in the World to issue Sovereign Carbon Credits (ITMOs) under Article 6 of the Paris Agreement.
TO FIND OUT MORE >> READ THE NEWS or DOWNLOAD OUR BROCHURE & DECK
The Importance of Rainforests to our Survival
If we are to meet our global climate, nature and biodiversity targets, we must protect rainforests globally.
The Importance of Rainforests to our Survival
Rainforest Deforestation is the third largest emitter in the world
Source: World Resources Institute-By the Numbers: The Value of Tropical Forests in the Climate Change Equation by David Gibbs, Nancy Harris and Frances Seymour https://www.wri.org/insights/numbers-value-tropical-forests-climate-change-equation. Global Forest Watch https://www.globalforestwatch.org/map/
When you protect rainforests,
you also support global:
1. UN FAO – State of Forests 2020 – https://www.fao.org/state-of-forests/en/
2. Mo, L., Zohner, C.M., Reich, P.B. et al. Integrated global assessment of the natural forest carbon potential. Nature (2023). https://doi.org/10.1038/s41586-023-06723-z
3. Front. For. Glob. Change, 24 March 2022 Sec. Forest Disturbance Volume 5 – 2022 | https://doi.org/10.3389/ffgc.2022.756115
The Paris Agreement Carbon Market
There are 3 different types of carbon markets: Regulated (ETS-Emissions Trading Schemes), Voluntary (VCM-Voluntary Carbon Market) and
the new Paris Agreement Carbon Market, under Article 6 of the UNFCCC Paris Agreement agreed by 196 countries.
The Three Types of Carbon Markets (2023)
Source: World Bank Carbon Pricing Dashboard https://carbonpricingdashboard.worldbank.org/ & Climate Focus Voluntary Carbon Market Dashboard https://climatefocus.com/initiatives/voluntary-carbon-market-dashboard/
Article 6 & ITMOs
The Paris Agreement Carbon Market was established after
Article 6 was signed by all 196 countries to establish a new
carbon market mechanism. It allows governments to issue
Sovereign Internationally Transferred Mitigation Outcomes (ITMOs) and trade them bilaterally with other governments, or with the private sector.
The future carbon market opportunity and scalability is in this 73.9% global carbon emissions gap.
*INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS (IOSCO) defines the Paris Agreement Carbon Market as “…A compliance offset market. These are markets falling under Article 6.4 of the Paris Agreement; with the United Nations acting as the Supervisory Authority.”
What is Sovereign Carbon?
Sovereign Carbon is a carbon reduction/removal unit created under the UNFCCC Paris Agreement.
Sovereign Carbon credits has unique attributes compared to other carbon credits.
The Carbon Credit Matrix
Unlike other Carbon Credits, Sovereign Carbon is in the Top-Right corner of the Carbon Credit Matrix: (x-axis Carbon Impact & y-axis Carbon Scalability). Sovereign Carbon can only be National at scale, and a Reduction and/or Removal carbon unit or ITMO.
Source & Credits: ITMO Ltd.
Sovereign Carbon Attributes
Sovereign Carbon White Paper
In October 2022, Deutsche Bank, the Coalition for Rainforest Nations, and the ITMO team published the first White Paper on Sovereign Carbon.
Download it here >>
Download press release>>
Source & Credits: Deutsche Bank, Coalition for Rainforest Nations and ITMO Ltd.
How is Sovereign Carbon Issued?
Sovereign Carbon is issued by a Country under the auspices of the UNFCCC. The first Sovereign Carbon issued on June 26, 2024 is from the UNFCCC REDD+ process under Article 5.2.
Issuance Parameters
Sovereign Carbon has some of the most robust issuance parameters in the world.
+ Global Standard
The highest integrity global standard agreed by 190+ countries
+ Measurement, Reporting & Verification (MRV)
The most robust MRV process with the UNFCCC Expert Review
+ Scalability
The most scalable carbon credit units nationally and globally: Gigatons/yr.
Source: UNFCCC & the Coalition for Rainforest Nations
12-step Issuance Sovereign Carbon Process
Countries have to go through a multi-year national (Article 5.2) and International process (Article 6.2) to be able to issue Sovereign Carbon ITMOs. To know more please contact us.
Source & Credits: The Coalition for Rainforest Nations & ITMO Ltd.
How ITMO Ltd. Offers Sovereign Carbon
ITMO Ltd. sources Sovereign Carbon credits from countries, structures them on best-in-class national registries, and sells them globally.
ITMO Ltd is divided into three units: ITMO Capital, ITMO Tech & ITMO R&D.
ITMO Capital
ITMO Capital Syndicates & Structures Sovereign Carbon.
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ITMO Tech
ITMO Tech provides the infrastructure for nations & companies to register & trade
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ITMO R&D
ITMO R&D offers data and analytics for the Paris Agreement Carbon Market.
(Coming soon…)
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Sovereign Carbon
Economic, Social & Environmental Benefits
When you buy, trade or invest in Sovereign Carbon you not only meet your Science-Based Net-Zero targets you also support the following
(most are part of the Cancun Safeguards):
+ UNFCCC Paris Agreement
Globally support the Countries’ climate targets-Nationally Determined Contributions (NDCs)
+ UNEP Convention on Biological Diversity
Globally support the 2030 Biodiversity Goals
+ UN Sustainable Development Goals (SDGs)
Nationally fulfil the country’s national SDGs
+ Communities & Indigenous People
Locally respect human rights in that sovereign nation
News
The latest news from ITMO Ltd, the Carbon Markets & the UNFCCC Paris Agreement. Please visit our LinkedIn page.
Members & Supporters
ITMO Ltd. is a proud member and supporter of the following climate, nature and biodiversity finance initiatives:
