Peru plans to issue ITMOs before COP30
Source: MINAM Perú
In early July 2025, Peru’s Ministry of Environment formalised the approval of five additional methodologies for its national carbon registry, RENAMI. The new protocols from Verra and Gold Standard span improved forest management, livestock biodigestors, methane emissions reduction in rice cultivation, removal of ozone‑depleting substances, and recycling of electronic waste. With these approvals, the total number of recognised methodologies rises to nine, signalling Peru’s commitment to expand its carbon project pipeline beyond traditional forestry projects.
At the Peru Carbon Forum in June, climate change director Berioska Quispe outlined how the country plans to become a regional leader under Article 6.2. Peru is actively pursuing new bilateral agreements with Singapore, South Korea and Japan, complementing its existing deal with Switzerland. By targeting sectors outside its nationally determined contribution—such as rice farming and biodigesters—Peru aims to issue internationally transferred mitigation outcomes (ITMOs) without undermining its climate goals. Quispe noted that Peru hopes to finalise implementation of the Singapore agreement by July and start issuing ITMOs before COP30.
Diversification is at the heart of Peru’s strategy. Officials are reviewing additional protocols from Verra, Gold Standard and Colombian firm Biocarbon, and they are exploring opportunities in areas like electromobility, methane reduction and renewable energy with storage. By broadening both methodologies and international partnerships, Peru is positioning itself as a hub for high‑integrity carbon credits in Latin America—paving the way for sustainable growth and international cooperation in the emerging carbon markets.
