Americas > Suriname to make oil companies buy sovereign carbon credits at $25/tonne

Suriname to make oil companies buy sovereign carbon credits at $25/tonne

Published 18:07 on June 26, 2024  /  Last updated at 21:59 on June 26, 2024  / Bryony Collins /  Americas, Asia Pacific, International, Nature-based, Paris Article 6, South & Central, Switzerland, Voluntary

The densely forested country of Suriname plans to exploit its newly discovered oil reserves and remain a net remover of carbon at the same time, by requiring oil companies to buy Internationally Transferred Mitigation Outcomes (ITMOs) to cover their Scope 1 and 2 emissions.
The densely forested country of Suriname plans to exploit its newly discovered oil reserves and remain a net remover of carbon at the same time, by requiring oil companies to buy Internationally Transferred Mitigation Outcomes (ITMOs) to cover their Scope 1 and 2 emissions.


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