GEM’s ITMO Registry invites all CDM Projects to seamlessly migrate by June 30th and maximize value under the fee schedule below.
Manage multiple projects seamlessly under a single ITMO Registry account, subject to common ownership and/or shared proponents. Proponents seeking direct issuance or transfers are only required to have their own ITMO Registry account, ensuring a streamlined and efficient process.
Projects must migrate entirely – so cancel Registration in the CDM Registry.
All issued CDM CERs must be cancelled and reissued in their entirety in the ITMO Registry, subject to the payment of applicable issuance fees outlined below. They will be reissued as ITMO – Voluntary Global Carbon Credits (GCCs), unless they already hold a government-issued Letter of Authorization (LoA). In such cases, they may be issued as, or subsequently converted to, ITMO – ITMO GCCs.
All Pending Issued Credits (PICs) must be cancelled in the CDM Registry.
ITMO Registry will replicate CER PIC’s as Pending Issue GCCs (PI GCC’s) subject to Vintage and minimum issuance rules
ITMO Registry will only issue GCCs for Vintages after 2016. All older vintages are to be written off/cancelled.
Each Project must register separately.
The minimum Issuance is 200,000 Credits or 20% of the transferred Volume – whichever is the greater- of both Issued GCCs and PI GCCs.
Once Credits are issued, there are no transfer or retirement fees.
Subject to written agreement between the parties, ITMO Registry can issue GCCs (Voluntary or ITMO) directly into multiple Project Proponents Accounts initially and in future, as a percentage of issuance.
Nations may establish a Separate National Registry account if they intend to receive a percentage of issued credits for the provision of the LoA; for future Bi-Lateral trades.
ITMO Registry Voluntary Credits may be converted to ITMOs within the registry, subject to host country approval, including a Letter of Authorization (LoA) and any applicable Share of Proceeds (SoP) or other national requirements. It is the responsibility of the host nation to submit its Biennial Transparency Reports (BTRs) or other required UNFCCC reports. Insurance is optional and not mandated.
CTX may provide ‘Buyer pays’ per credit insurance solutions for approved insurers.
Any Registry Account holder wishing to trade via Carbon Trade Exchange (CTX) must open a separate CTX account linked to their ITMO Registry account, enabling instant, fee-free listings. Prices are set by the seller at the time of listing and can thereafter be adjusted by the account holder directly on the CTX platform.
CTX fees apply to trades executed on the platform; however, no ITMO Registry transfer fees are charged to either the seller or the buyer for credits sold via CTX.
Other platforms that choose to trade ITMO Registry GCCs will have their own rules and fees. ITMO Registry will not govern or control those fees.
ITMO Registry and / or CTX will not allow Trade of Futures, Derivatives or Crypto, or any variation of a ‘Regulated’ Instrument. Pending Issue credits (PI GCCs) cannot be traded, transferred, retired or used as an Offset or Corresponding Adjustment in any way. Tokenisation of Active GCCs is strictly prohibited.
