CfRN also held a 2-day Article 6 Training & Awareness Workshop. The workshop aimed to help the Suriname team better improve their understanding and clarity about UNFCCC and the Paris agreement, its requirements, and the opportunities for Suriname for its accumulated REDD+ sovereign carbon credits and to attract climate finance.
In the Fall, Suriname expects to issue approximately 4.8 million tonnes of CO2e. These units will represent the first Internationally Tradable Mitigation Outcomes (ITMOs) under Article 6.2 for its post 2020 REDD+ Results generated under Article 5.2. ITMOs are carbon reductions and removals that can be purchased by developed countries that have not hit their climate pledges, called Nationally Determined Contributions (NDCs) or by corporations wishing to become Paris Compliant with their net zero efforts.
Suriname is currently preparing for securing finance for its ITMOs. They have submitted a REDD+ national strategy, two (2) Forest Reference (Emission) Levels (FREL/FRLs), a Safeguard Information System (SIS) and, with the CfRN support, they also submitted a Biennial Transparency Report (BUR-1) and two (2) REDD+ Technical Annexes (TA) to UNFCCC .
Here’s to celebrating the collective vision and hard work of our partners in Suriname!