Senegal: World-First Private Sector ITMO Partnership

The innovative partnership between the Government of Senegal, Carbon Growth Partners and Allcot 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. We discuss the transaction with Idrissa Diatta of Senegal Environment Ministry, Alexis Leroy, founder of Allcot and Stephanie Russo of Carbon Growth Partners.