The Ghana Environmental Protection Agency (EPA) has signed a deal with ZERO13 to connect its national Ghana Carbon Registry (GCR) to the blockchain-based Global ITMO Trading Hub and Settlement Network in Singapore.
According to the EPA, the deal represents a major step forward under its existing agreement with Singapore on carbon markets by operationalising the digital trading and settlement of Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6.2 of the Paris Agreement.
ZERO13 provides a Platform-as-a-Service which offers a distributed point of entry for digital issuance, trading, and settlement of carbon credits and real-world assets such as ESG securities.
It connects multiple international carbon exchanges, registries, custodians and ESG project owners globally for supply verification, transparent pricing, and real-time settlement using APIs and across blockchains enabled by ZERO13 Chain (‘Pyctor’).
The firm claims to be helping to achieve Net Zero by combining AI and blockchain to restore trust in carbon credit markets, addressing greenwashing, double counting, price transparency, vertical silos, and market fragmentation.
“With the work EPA and other bodies in Ghana have been doing, the country has shown it can be a pioneer in making Article 6.2 related ITMO activity a reality under its implementation agreement with Singapore,” said Dr. John Kingsley Krugu, Executive Director of the Ghana Environmental Protection Agency (EPA).
“We are delighted that ZERO13 is working with us to make this operational with its ITMO Trading Hub connecting to Ghana Carbon Registry.”
According to a press release, this engagement ensures that carbon credits are securely issued, tracked, traded and settled, focussing on transparency and efficiency.
The platform will facilitate auctions for Ghanaian carbon credits. The auction mechanism will provide access to global buyers and ensure competitive pricing, maximising the value of Ghana’s carbon credits.
This partnership enables Singaporean companies to access high-quality carbon credits from Ghanaian projects helping to meet their emissions reduction targets while supporting economic and environmental well-being of Ghanaian communities’.
“By leveraging our blockchain enabled digital ITMO Trading Hub and settlement network, we are enabling secure and transparent carbon trading that supports national climate targets and economic growth as well as generating opportunities for local communities,” said Hirander Misra, CEO of ZERO13.
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About EPA Ghana
The Ghana Environmental Protection Agency is the leading public body for protecting and improving the environment in Ghana.
The Environmental Protection Agency Act, 1994 (Act 490) transformed the Environmental Protection Council into an Agency having, inter alia, regulatory and enforcement role(s).
The mission of the EPA of Ghana is to co-manage, protect and enhance the country’s environment, in particular, as well as seek common solutions to global environmental problems. The accomplishment of the mission is to be achieved inter alia through research, scientific, technological and innovative approaches, good governance and partnerships.
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