Ghana authorizes transfer of mitigation outcomes to Switzerland
Supported by the United Nations Development Programme (UNDP), Ghana is the first country globally to launch a project and issue an authorization statement for the transfer of mitigation outcomes as part of cooperative approaches under Article 6 of the Paris Agreement.
The Government of Ghana has officially authorized the transfer of mitigation outcomes under its new climate-smart rice project to Switzerland. This was announced at a side event at the ongoing Climate Change Conference (COP 27) when the Government officially presented a formal authorization letter to the United Nations Development Programme (UNDP), which has facilitated the bilateral agreement between Ghana and Switzerland.
The bilateral agreement falls under Article 6.2 of the Paris Agreement, and this allows public and private institutions to collaborate to invest in climate change mitigation interventions in Ghana and exchange carbon credits with Switzerland for payment while maintaining the development benefits in the country.
