Ghana issues first ITMOs under Paris Agreement
Ghana has officially issue and transfer its first 11,733 tons of Internationally Transferred Mitigation Outcomes (ITMOs) to Switzerland, under Article 6.2 of the Paris Agreement.
This development positions the country as the first African country and only the second globally to complete such a transaction under the cooperative mechanism of the Paris Agreement.
The ITMOs were generated through a clean cooking initiative titled the Transformative Cookstove Activity in Rural Ghana, implemented by Envirofit and ACT Group, with financing from the Foundation for Climate Protection and Carbon Offset (KliK).
Speaking at a cocktail reception in Accra on Wednesday to mark the success, Dr Ibrahim Murtala Muhammed, the Minister of Environment, Science and Technology, described...