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