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