Gold Standard connects to the Climate Action Data Trust

Press Release

Gold Standard connects to the Climate Action Data Trust

• Connection of the second largest carbon standard to the Climate Action Data Trust – a major milestone on the road to long-term efforts of linking, aggregating and harmonizing carbon registry data
• Full dataset of projects and units to be available on the CAD Trust database and Data Dashboard by the end of 2024

SINGAPORE, 19 November 2024 — The Climate Action Data Trust (CAD Trust), the decentralised metadata platform that links, aggregates and harmonises all major carbon registry data, has announced the start of integration with the Gold Standard program registry.

The users of the CAD Trust Data Dashboard and API can already access data on 3,362 Gold Standard projects, with the full dataset of 335M unit issuances to be available harmonized to the CAD Trust data model by the end of 2024. The integration with CAD Trust unlocks long-term potential for projects enabling transparent accounting and registry interoperability in support of the Paris Agreement.

Gold Standard recently announced its approval as an eligible program for the first phase of International Civil Aviation Organization (ICAO)’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) scheme. On 11 November it also launched an interim report under an Article 6 playbook initiative with the Government of Singapore and Verra to establish best practices for data exchanges for countries wishing to use independent crediting programs registries in Article 6.2 trades.

Federico Di Credico, Interim CEO, CAD Trust, said: “We are thrilled about this milestone and the long-standing support of the Gold Standard team throughout the ongoing development of CAD Trust since our launch. Given the organization’s scale and footprint, having Gold Standard datasets accessible through the CAD Trust will add significant depth to the market coverage. We congratulate the team on their commitment to best practices in transparency and look forward to the use cases we can enable in our space together.” 

Margaret Kim, CEO, Gold Standard, said: “Transparency can help to foster trust and accountability in carbon markets. By integrating with the Climate Action Data Trust we hope to make our project data more accessible, interconnected, and useful for stakeholders worldwide.”

Contact:

MEDIA CONTACTS:

Ieva Steponaviciute, Climate Action Data Trust: ieva@climateactiondata.org
Cognito for CAD Trust: CADTrust@cognitomedia.com

NOTES TO EDITORS

About CAD Trust:

Climate Action Data Trust (CAD Trust) is a decentralised metadata platform that links, aggregates and harmonises all major carbon registry data to enhance transparent accounting in line with Article 6 of the Paris Agreement. The CAD Trust open-source metadata system uses blockchain technology to create a decentralised record of carbon market activity with the aim to avoid double counting, increase trust in carbon credit data and build confidence in carbon markets.

The Singapore-based initiative was founded by the World Bank, The International Emissions Trading Association (IETA) and the Government of Singapore. CAD Trust is an integral part of the World Bank’s Climate Warehouse End-to-End Digital Ecosystem.

About Gold Standard:

Gold Standard was established in 2003 by WWF and other international NGOs as a best practice standard to help the world #GrowToZero. All Gold Standard-certified projects and programmes accelerate progress toward the Net-Zero ambition of the Paris Climate Agreement while catalysing impact towards the broader Sustainable Development Goals. Its standard, Gold Standard for the Global Goals, allows climate and development initiatives to quantify, certify and maximize their impacts towards climate security and sustainable development. Certification against the standard provides the confidence that these results are measured and verified, enabling credible impact reporting. ISEAL Code Compliant and backed by a broad NGO Supporter Network, Gold Standard has 3000+ projects in over 100 countries, creating over 50 billion dollars in shared value.