ITMOs (Internationally Transferred Mitigation Outcomes) are a new type of carbon credits resulting from the Paris Agreement on climate (COP 21, 2015). ITMOs offer a flexible and collaborative approach to achieving global climate goals by allowing countries to share their emissions reduction achievements while promoting international cooperation and climate solidarity.
Private businesses can invest in emissions reduction projects in countries that have surplus ITMOs to transfer. For example, a company can finance a renewable energy development project in a developing country and benefit from the emission reductions generated. These reductions can then be transferred to the company's home country to contribute to its own climate objectives.
EDENGY has chosen to initially develop its bioenergy production activities in West Africa and acts as a private operator carrying out projects for the reduction or removal of CO2 emissions that can be integrated into a bilateral agreement between sovereign states wishing to transfer ITMOs.
The implementation of an Internationally Transferred Mitigation Outcome (ITMO) involves several steps to ensure transparency, verifiability, and legitimacy of international emissions reduction transfers. EDENGY operates as a private operator in emissions reduction projects under the ITMO regime.
We can assist you in achieving your environmental goals and collaboratively determine the most suitable financial instruments for your situation.