Building Trust in Carbon Markets

Climate change can only be beaten with international collaboration. Well-functioning, efficient, trusted carbon markets allow capital to flow where it can be best used to reduce emissions and make life better. Internationally Transferred Mitigation Outcomes (ITMOs) contemplated under Article 6 of the Paris Agreement hold unparalleled promise as a vehicle to enable a powerful global carbon market. Yet in the flexibility and adaptability of ITMOs lie their potential undoing - as the issuance of an ITMO alone will not be sufficient to ascertain underlying quality. Unmitigated, this presents an unacceptable risk to market participants and overseeing governments. Blockchain for Climate has designed the BITMO Dashboard to allow fast, easy, transparent demonstration of ITMO quality - enabling governments and buyers to easily assess and trust the quality of emissions reductions outcomes.