Search

Peru and Switzerland sign first sale agreement for credits generated under Paris Agreement's Article

More about the agreement:

  • The Klik Foundation, which will act on behalf of the Swiss government, said Switzerland intends to reduce up to 12.5 percent of its emissions by financing climate protection projects abroad. 

  • Under Swiss law, Klik is mandated to purchase around 35 million tonnes of reductions for this period.

  • Klik notes that while the mitigation takes place in Peru, both countries will issue certificates and account for the emissions reductions at national level, avoiding double-counting. 

  • The agreement also sets out parameters for the environmental integrity and sustainable development attributes of the reductions.

  • The agreement gives the Swiss government the option to transfer the rights to retire the offsets to local government or to private companies headquartered in Switzerland. The reductions will not be traded outside Switzerland.

3 views0 comments

Recent Posts

See All

BP first full-scale Green Hydrogen project

BP and Danish renewable energy group Orsted have partnered to launch BP’s first full-scale Green hydrogen project by using North Sea wind power.. Production is expected to start in 2024. BP and Orsted

Taskforce on Scaling Voluntary Carbon Markets

We welcome the publication by the Taskforce on Scaling Voluntary Carbon Markets of its public consultation document. Voluntary carbon market is moving to the right direction and with more market playe

Contact US

Tel  China +86 18620109208

      Hong Kong +852 55032281 

      Europe +316 53244363
Email cs@globalccex.com

Subscribe to Get My Newsletter

Copyright 2020 © Global Carbon Credit Trading Platform Limited