Digital infrastructure to support the transparent global trade of Article 6 credits.
Participate in ITMO Auctions Source robust Article 6 carbon credits for CORSIA, voluntary retirement or use towards NDCs Access CACE A6 Country Readiness Tracker CACE performs extensive due-diligence on the alignment of carbon credits with Article 6 of the Paris Agreement, protecting buyers from delivery, usage and reputational risk.
ITMOS explained
Under Article 6 of the Paris Agreement, countries can pursue voluntary cooperation to reach their climate targets. Meaning that, under Article 6, countries are able to transfer carbon credits earned from the reduction of greenhouse gas emissions to help themselves and other achieve their climate targets. Carbon credits may be generated under Article 6.2 - cooperative approaches or under Article 6.4 - The Paris Agreement Crediting Mechanism (PACM) - the UN's new high-integrity carbon crediting mechanism. Credits under either Article 6.2 or Article 6.4 stand to raise global ambition through requiring the host country, transferring credits, to make a Corresponding Adjustment to their Nationally Determined Contribution. This means for every 1 tonne of carbon exported, a further tonne of carbon must be reduced or removed.
Where a carbon credit has a Corresponding Adjustment - issued via a Letter of Authorisation by the Designated National Authority (DNA) of the host country - it is considered an ITMO (Internationally Transferred Mitigation Outcome). In addition to strict accounting and reporting rules, countries are encouraged under Article 6.2 to and obliged under Article 6.4 to raise climate ambition further, through cancellation of at least 2pct of issued emission reductions, towards Overall Mitigation of Global Emissions (OMGE). For Article 6.4 units, a Share of Proceeds (SOP), calculated as 5% of the volume of issued carbon units, plus an additional 3% of the issuance fee must be transferred to the Adaptation Fund.
emsurgeITMO and CORSIA Procurement Service We understand buyers often have their own procurement cycles and as it grows, the Article 6 landscape is increasingly difficult to navigate. We work with buyers to understand their requirements and help them understand the nuances between carbon credits.
Services include: