Ghana’s Environmental Protection Agency (EPA) has advanced its climate action efforts by integrating the Ghana Carbon Registry (GCR) into a blockchain-based Internationally Transferred Mitigation Outcomes (ITMO) network.
This move supports the digital trading and settlement of ITMOs, a key mechanism under Article 6.2 of the Paris Agreement.
Why it matters
• For Ghana: This positions the country as a frontrunner in Africa’s carbon markets, leveraging ITMOs to attract international climate finance for mitigation and adaptation projects.
• For Singapore: The collaboration allows Singaporean firms to access high-quality carbon credits from Ghana, bolstering their emissions reduction goals.
The big picture
ITMOs are globally transferable carbon credits designed to incentivize climate action. By operationalizing them, Ghana and Singapore showcase a model for international cooperation on climate finance.
What they’re saying
• John Kingsley Krugu, EPA’s Executive Director: “Ghana has proven it can be a pioneer in making Article 6.2-related ITMO activity a reality.”
• Hirander Misra, CEO of Zero13: “This partnership demonstrates how technology drives climate action.”
What’s next
Expect increased investment in Ghanaian climate projects, aligning global climate goals with local sustainability efforts. The EPA’s move could inspire other African nations to replicate this approach.
