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Latest Press Releases from ITMO Ltd.
ITMO Ltd and BancTrust Investment Bank Limited Announce the Offering of the World’s First Sovereign Carbon Credits from the Republic of Suriname under Article 6 of the Paris Agreement
(LONDON, UK) — August 23, 2024 — ITMO Ltd and BancTrust Investment Bank Limited (BancTrust) have announced, together with the Republic of Suriname, the offering (1.5m tCO2e) of the world’s first UNFCCC Paris Agreement authorised ITMOs verified under Article 6. These are carbon reduction ITMOs vintage 2021 that represent rainforest conservation for the whole country of Suriname, and come after 3 years of due process and due diligence with Suriname and the UNFCCC.
ITMO Ltd & more than 130 businesses and financial institutions call for renewed policy ambition to implement the Biodiversity Plan and halt and reverse nature loss this decade
(LONDON, UK) — July 16, 2024 — ITMO Ltd. is very proud to support the Business for Nature declaration https://lnkd.in/eGhPBHyR to boost hashtag#Biodiversity hashtag#Nature ambitions and halt and reverse nature loss this decade with 130+ businesses and financial institutions including.
More than 30o Sustainable Finance Leaders, 40 high-level Speakers and 40 Startups will join the Verbier Summit to UnlockTrillions for our Climate, Nature and Biodiversity
(LONDON, UK/VERBIER, Switzerland) — MARCH 15, 2024 — Following its first successful edition, the VERBIER SUMMIT www.verbiersummit.com, the global sustainability and finance forum in the Swiss Alps will return on 15 March 2024 withBarclays Private Bank as its main sponsor.
COP28: A Victory for the Coalition for Rainforest Nations and the Paris Agreement
(DUBAI, UAE/LONDON, UK) — JANUARY 4, 2024 — UAE Consensus Agreement recognizes Paris Agreement Article 5.2 as the way forward on rainforests conservation, with Article 6 as the tool for implementation.
After two weeks of negotiations, countries agreed to their response to the first Global Stocktake (GST) under the Paris Agreement. In addition to transitioning away from fossil fuels in energy systems, the UAE Consensus affirmed the urgent need to reverse global deforestation by 2030 through the Paris Agreement.
CELEBRATING 10 NEW FINANCE FOR BIODIVERSITY PLEDGE SIGNATORIES ON THE ONE-YEAR ANNIVERSARY OF THE GLOBAL BIODIVERSITY FRAMEWORK
(LONDON, UK) — DECEMBER 19, 2023 — Finance for Biodiversity Foundation (FfB) announced the result of the last FfB Pledge signatory round of 2023 on the one-year anniversary of the adoption of the Global Biodiversity Framework at COP15 in 2022. With 10 new financial institutions joining, the FfB Pledge is reaching 163 signatories from 25 countries and representing €21.7 trillion of combined assets (under management) in total. Among the newly welcomed signatories are Aegon U.K., Big Picture Financial Planning Ltd., BPCE Assurances, CDC Croissance, Clear Skies Investment Management, Climate Resilient Africa Fund, ITMO Ltd., Jaguar Legacy Fund GP Inc., NaturAlly AG, and Şekerbank T.A.Ş.
COP28: ITMO Presence at the Coalition for Rainforest Nations Pavilion
(DUBAI, UAE/LONDON, UK) — DECEMBER 13, 2023 — ITMO Ltd was pleased to be formally invited as a formal Partner at the Coalition for Rainforest Nations pavilion at UNFCCC COP28 in Dubai UAE, in the UN Blue Zone. ITMO also participated in numerous side events, including the World Climate Summit.During those two weeks (Nov 30-Dec 13), the ITMO team organised >50 official bilateral meetings with official government delegations from Honduras, Belize and Suriname to name a few, and discuss how to build the Paris Agreement Carbon Market, source, structure and sell their Sovereign Carbon assets.
BancTrust & Co. Investment Bank and ITMO Ltd Announce a Joint Distribution and Settlement Partnership
(LONDON, UK) — DECEMBER 3, 2023 — ITMO Ltd and BancTrust Investment Bank (“BancTrust”) have agreed to a joint distribution and settlement partnership for countries issuing sovereign carbon ITMOs under Article 6 of the Paris Agreement. Rainforests are a critical part of the solution to climate change, but promised funding from the developed world to help fund their maintenance has not materialised. ITMOs now allow countries to issue UN verified results in a format which can be purchased by other sovereign nations or corporations.
Deutsche Bank and Coalition for Rainforest Nations launch White Paper on Nature-Based Sovereign Carbon to Reverse Deforestation at Scale
- – Sovereign Carbon is a new financial asset class allowing institutional investors and corporates to align their Net-Zero targets with the Paris Agreement
- – It offers multi-gigaton nature-based carbon credits every year with a potential multi-billion dollar market
- – Sovereign Carbon also includes other important benefits to reverse deforestation such as biodiversity,Sustainable Development Goals (SDGs), climate equity for Indigenous Peoples’ rights and local communities.
October 11, 2022 (London/New York/Frankfurt) – Today Deutsche Bank and the Coalition for Rainforest Nations launch the Sovereign Carbon White Paper “UNFCCC REDD+ and the Power of Sovereign Carbon”. It aims is to educate investors on how they can reverse deforestation at scale through the capital markets…