Nature-based Carbon > Forestry > 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 / / Americas (LATAM & Caribbean), Asia Pacific, International (Paris Article 6/PACM), Nature-based Carbon (Forestry), Net Zero Transition (Industrial Decarbonisation), Voluntary (VCM Governance)

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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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