The government of Ghana, through the Environmental Protection Agency (EPA), has reached an agreement with a Singapore-based firm Zero13 to link Ghana’s carbon registry to the blockchain-based global ITMO trading hub and settlement network in Singapore.
Ghana’s carbon registry was established by the government of Ghana to serve as a database to, amongst other things receive, process, record, and store data on mitigation projects, issuance, transfer, acquisition and retirement of emission reduction credits.
The registry was established in furtherance of Ghana’s efforts at meeting its carbon reduction targets through article 6.2 Paris Agreement.
The agreement is a voluntary approach through which states meet their carbon and greenhouse gas emission targets. In furtherance of the world’s agenda to reduce its carbon emissions, countries have been encouraged to set targets beyond which they will not emit carbon and other greenhouse gases.
