Application Process
There are 3 stages to generate Internationally Transferrable Mitigation Outcomes (ITMOs) under the Singapore-Peru Implementation Agreement (IA).
Stage A – Submission of Proposed Mitigation Activity
The project applicant submits the completed Singapore-Peru Mitigation Activity Note of Intent (in English and Spanish) to the Joint Committee.
If the Mitigation Activity Note of Intent is accepted, the Joint Committee will forward to the project applicant the Letter of Support (LOS) from Singapore. The letter may specify the conditions that the project applicant should meet in designing the proposed mitigation activity.
If the Mitigation Activity Note of Intent is not accepted, the project applicant will be informed, along with any reasons for the non-acceptance (if relevant).
The LOS will have a validity period of minimally 1 year. After the first year from the date of issuance, Singapore reserves the right to withdraw the LOS and will notify the project applicant of the withdrawal if so.
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Documents to be submitted |
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Singapore and Peru may request for the submission of other relevant documents not listed above.
Stage B – Authorisation of Proposed Mitigation Activity
The project applicant submits the completed (i) Singapore-Peru Authorisation Application Form (in English and Spanish); and (ii) Peru’s Registration of a Carbon Market Mitigation Activity under Cooperative Approaches in RENAMI (in English and Spanish) to the Joint Committee.
If the Request for Authorisation is accepted by both countries, the Joint Committee will:
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Forward to the project applicant the Letters of Authorisation issued by Singapore and Peru respectively
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Enter the mitigation activity into the database of authorised mitigation activities; and
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Issue a Joint Statement of Authorisation to the project applicant, and publish it online.
The project applicant may then proceed with the registration of the mitigation activity with the carbon crediting programme specified in the Letters of Authorisation and inform the Joint Committee of the successful registration. The project applicant may then proceed with the implementation of the project.
If the proposed mitigation activity is not authorised, the project applicant will be informed, along with any reasons for the non-acceptance (if relevant).
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Documents to be submitted |
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Singapore and Peru may request for the submission of other relevant documents not listed above.
Stage C – ITMOs Issuance Authorisation
The Project Participant submits the completed (i) Singapore-Peru’s ITMO Issuance Application Form (in English and Spanish); and (ii) Peru’s Registration of “Greenhouse Gas Emission Reduction or Removal Increase Unit” (ERU) Generated by Carbon Market Mitigation Activities Under Cooperative Approaches in RENAMI Form (in English and Spanish) to the Joint Committee.
If the ITMO Issuance Application Form is accepted by both countries, the Joint Committee will forward to the project participant the Letter of Positive Examination issued by Peru.
If the proposed ITMO issuance is not authorised, the project participant will be informed, along with any reasons for the non-acceptance (if relevant)
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Documents to be submitted |
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Singapore and Peru may request for the submission of other relevant documents not listed above.