Climate 2023 Senegal: World’s First Private Sector ITMO Partnership
We discuss the innovative partnership between the Government of Senegal, Carbon Growth Partners, and Allcot, which serves as a disruptive new paradigm to break the global deadlock on climate finance. Private sector investors take on the financial risk of Article 6 carbon projects, which allows the host country to negotiate the International Transfer Mitigation Outcomes (ITMO) process from a position of strength.
As part of our series on rebuilding trust in the VCM, we look at the role of insurance, pre, and post-certification, as a tool to mitigate risk and encourage capital deployment.
Idrissa Diatta is the Coordinator at the National Integrated Waste Management Company of Senegal.
Stephanie Russo is the Chief Strategy Officer at Carbon Growth Partners.
Alexis Leroy is the CEO and Founder of ALLCOT Group, a pioneer project development and sustainable services company.