Today’s carbon markets are complex and fragmented. A prevalence of independent private registries, and national-level carbon markets, combined with a lack of centralised registries between voluntary and compliance markets poses a serious challenge to ensuring maximum transparency in the market.

To future-proof the market, CAD Trust offers a decentralised, blockchain-powered digital infrastructure that connects these registries and provides public access to the information in a harmonised and user-friendly format. Our objective is to maximise the transparency of carbon credits, minimise the risk of double counting, and enhance the overall integrity of the markets.

With a decentralised and secure digital infrastructure, the services built by the public and private sector such as compliance reporting, transacting, and benchmarking can be easier and more effective.

Our Mission

We believe that transparency and accountability are vital for efficient carbon markets that drive climate action and the associated finance in public and private sectors.

Climate Action Data Trust acts in the public interest to increase transparency, safeguard against double-counting and build further confidence in the market. We leverage carbon credit data from both compliance and voluntary markets, fostering collaboration, facilitating innovation, and helping unlock the potential of carbon markets across the world.


Value Propositions

  • 01

    A common data taxonomy that enables reconciliation of data from registries. Through blockchain technology, it facilitates a peer-to-peer connection among decentralised registries with the aim to link, aggregate and harmonise the underlying data.

  • 02

    Provide visibility into corresponding adjustment procedures and the lifecycle of carbon offsets from issuances to retirement, which will safeguard against double counting and ease reporting requirements.

  • 03

    Surface publicly-available information on MOs and record status changes to provide information on how MOs are used.

  • 04

    Enhance transparency and trust among market participants and enable tracking of MOs and reduce double counting risk. The Climate Warehouse would not hold assets or directly facilitate.

  • 05

    Help to operationalise processes under Article 6 of the Paris Agreement such as compliance reporting and registry data model development.


The Climate Action Data Trust is an independent entity domiciled in Singapore and led by the Council and the Board, and supported by the Technical Committee, User Forum and the Secretariat.

Our Governance Model

Interim Period: Jan 2023 – Jan 2025
  • The Council

    The purpose of the Council is to set the strategic direction for the Climate Action Data Trust and oversee a work programme operationalised by the Secretariat. Members of the Council include government representatives, and major carbon registries.

    • Andrew Howard, Chair of the Council / Senior Director, Climate Policy and Strategy, Verra

      Andrew Howard is the Senior Director for Climate Policy and Strategy at Verra, where he leads strategic engagement to develop opportunities for Verra’s carbon-related standards and build greater ambition in climate action. He works with initiatives in the voluntary market as well as governmental and intergovernmental programs to shape new frameworks for private and public sector finance and to feed needs and priorities back into Verra’s work programs.


    • Hugh Salway, Head of Markets, Gold Standard

      Hugh Salway is Head of Markets at Gold Standard, a non-profit certification standard that enables companies and activities to measure, manage and maximise impact towards climate and sustainable development goals. Hugh is responsible for Gold Standard’s market development and engagement, including its work with cross-market initiatives. Hugh previously worked for eight years in the UK Government, including roles focused on international, EU and domestic carbon market mechanisms.

    • Jessica Bede, Managing Director, American Carbon Registry (ACR)

      Jessica began working in GHG accounting and carbon projects in 2011 and joined ACR in 2019. In her current position, she is responsible for providing leadership and coordination of ACR’s technical and strategic work to mobilize emission reductions, ensure the integrity of carbon credits, and promote market innovation. This includes advising staff and partners on methodology and program development, project review and credit issuance, registry infrastructure, and market opportunities. Her previous work has involved a variety of climate financing mechanisms and multiple project types giving Jessica a wide range of knowledge across the transportation, energy, building, natural resources, and waste sectors.

    • Juan Pedro Searle, Head of Climate Change, Ministry of Energy of Chile

      Juan Pedro Searle has a scientific background on biochemistry. He has nearly 30 years of experience on climate change related matters in Chile, most of them dedicated to multilateral negotiations under the UNFCCC. As landmarks of this process, he has participated in the design of the Kyoto Protocol, the Marrakech Accords (in particular with regards to the CDM) and in the debate that culminated in subsequent landmarks under the UNFCCC such as the Paris Agreement. He now works in the Ministry of the Energy as Head of Climate Change.

    • Rui Yun Gan, Senior Manager (Global Partnerships), National Climate Change Secretariat (NCCS), Strategy Group, Prime Minister’s Office

      Rui Yun Gan is a Senior Manager (Global Partnerships) at the National Climate Change Secretariat, Strategy Group, Prime Minister’s Office. He develops policies and strategies in the areas of carbon markets and global partnerships, to facilitate efforts to mitigate emissions and harness green growth opportunities arising from climate change. Previously, he worked on carbon pricing and economic research on climate change-related issues.

    • Kishor Rajhansa, Chief Operating Officer, Global Carbon Council

      Kishor Rajhansa is a climate change, energy, and sustainability leader with a professional experience of 27 years at leadership positions in multi-national advisory, international regulatory and government organisations. Currently, Kishor is working as Chief Operating Officer at Global Carbon Council (GCC), Doha, Qatar. He is primarily responsible for operationalising the GCC, a CORSIA-approved GHG emission unit. He is the acting member of expert panel responsible for climate mitigation standards of UNFCCC (CDM Methodologies Panel).

    • Chris Shipley, Head of Global Carbon Markets at the UK’s Department for Business

      Chris is Head of Global Carbon Markets at the UK’s Department for Business, Energy and Industrial Strategy. He manages the UK’s input into several carbon pricing and markets programmes and works with the UK transport department on CORSIA. His team work with others in the UK on initiatives to build integrity in voluntary carbon markets, and on Article 6. He is a member of the CPLC Advisory Group and is a manager of the UK’s Kyoto Protocol Registry.

    • Sonam Tashi, Chief Planning Officer for the Ministry of Economic Affairs of Bhutan

      Sonam Tashi is the Chief Planning Officer for the Ministry of Economic Affairs of Bhutan. The ministry is responsible for the development of the trade, industry, energy and mining sector. He has led the Task Force for Doing Business Reforms in the country and policy initiatives for improving the investment climate and promoting private sector development. Sonam is also Bhutan’s chief negotiator for Article 6 (carbon markets) of the Paris Agreement and has contributed to raising the country’s interests in the emerging carbon markets.

    • Mr. El hadji Mbaye Diagne, Director General of AFRIQUE – ENERGIE – ENVIRONNEMENT (AEE)

      Mr. El hadji Mbaye Diagne is the Director General of AFRIQUE – ENERGIE – ENVIRONNEMENT (AEE) a consultancy firm in Senegal. Mr. Diagne is an engineer, senior consultant and former President of the COMNACC (Senegalese National Board on Climate Change). He is member of the Senegalese official delegation for the UNFCCC negotiations since 2000 and he is the lead coordinator for market issues. He supports many UNFCCC negotiating groups including the African Group of Negotiators (Lead Coordinator), the G77 & China (Lead Coordinator) and Least Developed Countries on issues related to “carbon markets” (KP mechanisms and Article 6 of the Paris Agreement). Mr. Diagne is a Lead author for chapter 16, Innovation,Technology development and transfer of the IPCC Sixth Assessment Report (AR6).

    • Kazuhisa Koakutsu, Director, Paris Agreement Article 6 Implementation Partnership Center

    • YI Jun, Senior Manager (Global Partnerships), National Climate Change Secretariat (NCCS), Strategy Group, Prime Minister’s Office

      Yi Jun Mock, Senior Manager (Global Partnerships), National Climate Change Secretariat (NCCS), Strategy Group, Prime Minister’s Office

      Mock Yi Jun is Senior Manager (Global Partnerships) at the National Climate Change Secretariat, a unit within the Strategy Group of the Prime Minister’s Office in Singapore. In this role, he helps drive Singapore’s climate change cooperation with international partners in areas such as carbon markets, energy transition, and low-emissions technologies. He served as Singapore’s Lead Negotiator for the first Global Stocktake of the Paris Agreement, and currently serves as Lead Negotiator for Article 6 (Carbon Markets). Yi Jun started his career at Singapore’s Ministry of Foreign Affairs, and holds a concurrent appointment with Singapore’s Policy Analytics Office, working to strengthen whole-of-government capabilities in data-driven policymaking.

  • Board

    The Board is an independent body consisting of the representatives of the Founding Partners. The Board is informed by the Climate Action Data Trust’s stakeholders, and guided and supported by various standing committees and bodies.

    • Hania Dawood, Manager, Climate Finance & Economics, Climate Change Group, The World Bank


    • Benedict Chia, Director General (Climate Change), National Climate Change Secretariat, Singapore

    • Federico Di Credico, Managing Director, Asia Pacific, ACT Group  / Member of the IETA Council

  • Technical Committee

    The Technical Committee comprises data and technology providers as well as market practitioners to advise on technical development and new innovative features of the CAD Trust platform.

    Current members

    Alexandra Soezer (Co-Chair)

    Director, Gulf Organization for Research and Development’s Climate Action Center of Excellence (CACE)

    Kristen Gorguinpour (Co-Chair)

    Vice President, Programs, Climate Action Reserve

    Keith Black

    Technical Director for Registry and Information Services, Gold Standard

    Rogelio Campos

    GHG Mitigation Specialist, Peru Ministry of Environment

    Juan David Duran

    CEO, EcoRegistry

    Ben Gatley

    Head of Commercial, Project Development, Climate Impact Partners

    David Sturt

    Manager, Carbon Market Infrastructure, Verra

    Richard Godfrey

    Senior Policy Advisor, Green Finance, Department for Environment, Food & Rural Affairs (DEFRA), United Kingdom

    Ken Griggs

    VP of Customer Success, Chia Network

    Jeffrey Berman

    Senior Director for Registries and Business Development, Xpansiv

    Charlie Moore

    Head of Carbon & Sustainability Solutions, Chainlink Labs

    Greg Robberechts

    Carbon Assets Tracking System Manager, World Bank

    Gemma Torras Vives

    Climate and Technology Specialist, Climate Finance and Economics Unit, World Bank

    Irene Chekwoti

    Senior Climate Change Officer – Mitigation, Climate Change Department, Ministry of Water and Environment of Uganda

    István Bart

    Global Climate Director, Environmental
    Defense Fund

    Breffni Lynch

    Director of Registry Operations, American Carbon Registry

    Amit Thusu

    Senior Director, Climate Action Digitization, Global Carbon Council

    María Elisa Vollmer

    Head of Project Data, Viridios AI

    Dominique Mieguim Ngninpogni (stand in)

    Country Coordinator for Digital Innovation in Climate, Nature, Energy and Waste, UNDP

    Observer status

    Perumal Arumugam (stand in)

    Manager Intergovernmental Negotiations and Stake Holder Interaction, Mitigation Division, UNFCCC

    Arvid Rönnberg

    Programme Manager, International Climate Cooperation, Swedish Energy Agency

    Stefan Meier

    Senior Policy Advisor, Federal Department of the Environment, Transport, Energy and Communications (DETEC), Switzerland

  • User Forum

    The User Forum comprises market practitioners and users of the data to advise on additional functionality and use. The purpose of the Forum is to act as a market sounding board for the Council and the Technical Committee for technical, policy, and business matters.


    Current Members

    Anton Root (Co-Chair)

    Head of Research, Allied Offsets

    Svenja Telle (Co-Chair)

    Chief Carbon Officer, Base Carbon

    Christopher Brown

    Senior Director, Product Management, Indigo Ag

    Kristof Bulkai

    Managing Director, Investments, Cultivo Land

    Sergi Cuadrat

    VP Climate Action, ALLCOT

    Neil Cohn

    CEO & Co-Founder, CodeGreen

    Stefano De Clara

    Head of Secretariat, ICAP

    Pablo Fernandez

    Executive Director, ecosecurities

    Nick Gogerty

    Managing Director, Carbon Finance Labs

    David Greenall

    Global Managing Director, KPMG International

    Carrie Jaquith

    Global Head of Product, Abaxx Technologies

    Saurabh Joshi

    Director, Strategic Projects, Climate Impact X

    Bruce Keith

    Senior Investment Officer, Climate Finance, IFC

    Axel Michaelowa

    Senior Founding Partner, Perspectives

    Cameron Prell

    Managing Director, The dCarbon Group

    Anshari Rahman

    VP, GenZero

    Ben Rattenbury

    VP Policy, Sylvera

    Lydia Sheldrake

    Director, Policy and Partnerships, VCMI

    Raymond Song

    Carbon Markets Associate, Rocky Mountain Institute

    Guy Turner

    CEO, Trove Research

  • Secretariat

    The purpose of the Secretariat is to draft and execute a work programme to support the Council in delivering the strategic vision for operationalising the Climate Action Data Trust.

    • Yuvaraj DINESH Babu, Executive Director

      Dinesh has over 29 years of experience in carbon markets, GHG mitigation, clean energy planning, policy development, financing, and capacity building. He previously worked as Executive Director at EY and led a The World Bank funded and State Bank of India operated 5-year solar rooftop PV program. He was also Chief of Party for a USAID-funded Partnership to Advance Clean Energy – Deployment (PACE-D) (TA) in India. Earlier, Dinesh worked as a Group Director and CEO for a Singapore firm (Asia Carbon Group) and a UK firm (The Carbon Ratings Agency), both of which were actively involved in driving carbon market initiatives.

    • Evan Kong, Technical Director

      Evan is a seasoned banking and digitalization expert with a diverse background in product leadership, user experience design, and project management. Evan is known for developing and implementing innovative digital strategies that drive customer engagement, enhance operational efficiency, and generate revenue growth. His expertise includes digital banking initiatives, customer journey design, agile implementation, and online activation. He has previously held senior roles at Standard Chartered Bank, United Oversea Bank and a FinTech start-up Fazz. Evan holds a MBA from Manchester Business School.

    • Ieva Steponaviciute, Community Manager

      Ieva is a strategic project manager with expertise in climate policy and international carbon markets. She was part of the IETA team which helped establish CAD Trust in partnership with the World Bank and the Singapore government and contributed to its early-stage development. Prior to that, she worked as a strategic account manager at Amazon Advertising, where she drove customer insights, long-term planning, and business development for large corporate clients. Ieva has a BA in Mathematical Economics and International Relations from Colgate University and has recently finished an MSc in Environmental Technology (focus: economics and policy) at Imperial College London.

    • Erick Chandra, Student Intern

      Erick is a final year Computer Science student at the Singapore University of Technology and Design (SUTD), specialising in Artificial Intelligence and Fintech. Erick plays a technical role combining product management and data engineering. This position enables him to both optimise data-centric solutions and oversee product development. Previously, he honed his software engineering skills at Mediacorp, where he gained exposure to complex data systems and applied software system design. Erick is particularly passionate about blockchain, sustainability, and data, integrating these interests to achieve the goals and missions of CAD Trust. 

    • Terence Tan, Student Volunteer

      Terence is currently a postgraduate student at the University of California, Berkeley and the Singapore University of Technology and Design (SUTD), where he is pursuing a Master’s degree in Technology and Startup Management. With an academic background in Computer Science, Terence has specialized in the fields of Artificial Intelligence (AI) and Internet of Things (IoT) and has a strong passion for blockchain engineering. During his studies, he previously completed internships at Climate Impact X, Temasek, SAP AI & DBS Bank.

Terms & Conditions

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