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World Bank-backed global carbon credit registry to go live by Q1 2023

Climate Action Data Trust, which will unify data from leading registries, is headquartered in Singapore

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Wong Pei Ting

Published Wed, Dec 7, 2022 · 05:21 PM
    • (From left) International Emissions Trading Association president and CEO Dirk Forrister and Benedict Chia, director-general for climate change at the National Climate Change Secretariat of Singapore, pictured at the launch event for Climate Action Data Trust.
    • Climate Action Data Trust is an independent entity headquartered in Singapore that is jointly founded by the International Emissions Trading Association, the World Bank and the Singapore government.
    • (From left) International Emissions Trading Association president and CEO Dirk Forrister and Benedict Chia, director-general for climate change at the National Climate Change Secretariat of Singapore, pictured at the launch event for Climate Action Data Trust. PHOTO: WONG PEI TING, BT
    • Climate Action Data Trust is an independent entity headquartered in Singapore that is jointly founded by the International Emissions Trading Association, the World Bank and the Singapore government. PHOTO: PIXABAY

    A WORLD Bank-backed carbon credit data sharing platform will go live by March next year in hopes of harmonising data from a highly fragmented market.

    Climate Action Data Trust (Cad Trust), which officially launched in Singapore on Wednesday (Dec 7), said plans are underway to integrate the data on all four major registries including Verra and Gold Standard and two smaller registries, by the first quarter of 2023, when the first public data layer will go live.

    As many of these registries are already represented via a council that was formed to advise and guide the initiative, data integration is already underway for several of them, it added.

    CarbonCarbon creditsCarbon taxWorld BankSingaporeClimate changeSpotlight

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