Coalition for Rainforest Nations

BancTrust & Co. Investment Bank and ITMO Ltd Announce a Joint Distribution and Settlement Partnership

Retrieved on: 
Sunday, December 3, 2023

LONDON and NEW YORK, Dec. 3, 2023 /PRNewswire/ -- ITMO Ltd and BancTrust Investment Bank ("BancTrust") have agreed to a joint distribution and settlement partnership for countries issuing sovereign carbon ITMOs under Article 6 of the Paris Agreement.

Key Points: 
  • LONDON and NEW YORK, Dec. 3, 2023 /PRNewswire/ -- ITMO Ltd and BancTrust Investment Bank ("BancTrust") have agreed to a joint distribution and settlement partnership for countries issuing sovereign carbon ITMOs under Article 6 of the Paris Agreement.
  • ITMOs now allow countries to issue UN verified results in a format which can be purchased by other sovereign nations or corporations.
  • Carlos Fuenmayor, Chief Executive at BancTrust commented, "We are thrilled to announce our partnership with ITMO Ltd to take this next crucial step on the path towards a sustainable future.
  • ITMO Ltd and BancTrust will be at the Coalition for Rainforest Nations' Pavilion in the Blue Zone at COP 28.

BancTrust & Co. Investment Bank and ITMO Ltd Announce a Joint Distribution and Settlement Partnership

Retrieved on: 
Sunday, December 3, 2023

LONDON and NEW YORK, Dec. 3, 2023 /PRNewswire/ -- ITMO Ltd and BancTrust Investment Bank ("BancTrust") have agreed to a joint distribution and settlement partnership for countries issuing sovereign carbon ITMOs under Article 6 of the Paris Agreement.

Key Points: 
  • LONDON and NEW YORK, Dec. 3, 2023 /PRNewswire/ -- ITMO Ltd and BancTrust Investment Bank ("BancTrust") have agreed to a joint distribution and settlement partnership for countries issuing sovereign carbon ITMOs under Article 6 of the Paris Agreement.
  • ITMOs now allow countries to issue UN verified results in a format which can be purchased by other sovereign nations or corporations.
  • Carlos Fuenmayor, Chief Executive at BancTrust commented, "We are thrilled to announce our partnership with ITMO Ltd to take this next crucial step on the path towards a sustainable future.
  • ITMO Ltd and BancTrust will be at the Coalition for Rainforest Nations' Pavilion in the Blue Zone at COP 28.

COP27: Sharm El-Sheikh Implementation Plan Re-Affirms Developing Country Action to Slow, Stop, and Reverse Deforestation through the REDD+ Mechanism

Retrieved on: 
Wednesday, November 30, 2022

SHARM EL SHIEKH, Egypt, Nov. 30, 2022 /PRNewswire/ -- One year after COP26 where the REDD+ Mechanism was controversially removed from the implementation article of the Paris Agreement (Article 6), rainforests nations successfully negotiated the mechanism back into the COP27 Sharm-El Sheikh Implementation Plan on Saturday night.

Key Points: 
  • The positive outcome of the final text on forests and finance is in line Papua New Guinea's Prime Minister Hon.
  • James Marape's call for climate action at UN General Assembly," said Simo Kilepa, Minister of Environment, Conservation and Climate Change, Papua New Guinea.
  • We thank the Egyptian Presidency for the transparency and inclusiveness with which they conducted the talks this year."
  • that allow private sector finance to developing countries in return for accomplished emissions reductions under the REDD+ mechanism.

Banksy’s Spy Booth Brick + NFT Auction Crashes Servers with Overwhelmingly Heavy Web Traffic; Cosmic Wire has Rescheduled This Exclusive Auction for Friday, October 8, 12 PM-5 PM, PST

Retrieved on: 
Thursday, October 7, 2021

Los Angeles, CA, Oct. 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Because of torrential web traffic overloading and crashing its website and auction servers, Cosmic Wire has rescheduled its auction of the only remaining remnants of the original Banksy Spy Booth wall mural as a hybrid NFT to Friday, October 8 from 12 pm PST – 5 pm PST. For more information, or to make a bid, please visit www.banksyspyboothnft.com.

Key Points: 
  • "The crash was equal parts exhilarating and anxiety-inducing to live through in real-time, says Cosmic Wire CEO Jerad Finck.
  • So, we had to call it off because we didn't want legitimate bidders to miss out on this opportunity.
  • Long suspected to have been destroyed, the heads of the three Spy Booth spies have been found and are included in Cosmic Wires unique and exclusive auction.
  • Cosmic Wire has announced a partnership with Raiinmaker on the release of six additional Spy Booth inspired NFTs in support of climate change charities.

Banksy's Spy Booth Brick + NFT Auction Crashes Servers with Overwhelmingly Heavy Web Traffic

Retrieved on: 
Tuesday, October 5, 2021

"The crash was equal parts exhilarating and anxiety-inducing to live through in real time," says Cosmic Wire CEO Jerad Finck.

Key Points: 
  • "The crash was equal parts exhilarating and anxiety-inducing to live through in real time," says Cosmic Wire CEO Jerad Finck.
  • So, we had to call it off because we didn't want legitimate bidders to miss out on this opportunity.
  • Long suspected to have been destroyed, the heads of the three Spy Booth spies have been found and are included in Cosmic Wire's unique and exclusive auction.
  • Cosmic Wirehas announced a partnership with Raiinmaker on the release of six additional Spy Booth inspired NFTs in support of climate change charities.

Papua New Guinea Slows Rainforest Deforestation after a Decade, According to New UNFCCC Report

Retrieved on: 
Tuesday, March 30, 2021

PORT MORESBY, Papua New Guinea, March 30, 2021 /PRNewswire/ --Papua New Guinea's rainforest conservation efforts successfully slowed the pace of deforestation in 2014-2015, after bringing annual deforestation levels down to an annual average of 0.5% over a thirteen-year period, according to a report published by United Nations Framework Convention on Climate Change (UNFCCC).

Key Points: 
  • PORT MORESBY, Papua New Guinea, March 30, 2021 /PRNewswire/ --Papua New Guinea's rainforest conservation efforts successfully slowed the pace of deforestation in 2014-2015, after bringing annual deforestation levels down to an annual average of 0.5% over a thirteen-year period, according to a report published by United Nations Framework Convention on Climate Change (UNFCCC).
  • Deforestation:Between 2000-2013, Papua New Guinea saw an average loss of 0.5% of its national rainforest annually or 197,000 hectares of forest.
  • The REDD+ mechanism, the brainchild of late Sir Grand Chief Michael Somare - founding father of Papua New Guinea, was started by Papua New Guinea and the Coalition for Rainforest Nations in 2005 under the UN Framework Convention on Climate Change (UNFCCC).
  • It is a central registry and exchange for nationally issued carbon reductions or REDD+ Results Units from rainforest nations, certified by the United Nations.