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World Bank, IETA, Singapore Govt launch centralized database to help scale global Carbon Credit market

The Climate Action Data Trust is a major new tracking system launched that will allow carbon credit registries to connect in a central database, easing integration and supporting transparency to protect against double counting and enhance trust in the market.

“We hope that CAD Trust becomes a critically important source of data by connecting registry systems of the voluntary and compliance carbon markets to bolster transparency and accountability in these markets to meet corporate needs and to further the implementation of the nationally determined contributions that sit at the heart of the Paris Agreement”
— Chandra Shekhar Sinha, Adviser, Climate Change Group at the World Bank

The system will integrate with both Compliance and Voluntary Carbon Credit markets, and plans to support developing countries raise much-needed climate finance quickly and more cheaply.

Read our introduction to Carbon Credit markets for investors.

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