x
LATEST ARTICLE Unlock a green future through sustainable impact investing Read Article

Gold Standard joins CAD Trust to boost carbon data accessibility

The Climate Action Data Trust (CAD Trust), a leading platform for carbon metadata, has announced the integration of Gold Standard, the world’s second-largest carbon registry, into its system. This marks a significant step in streamlining carbon data accessibility and transparency.

Gold Standard joins CAD Trust to boost carbon data accessibility_A man using the CAD Trust platform in his office with a lush forest outside the window_visual 1A man using the CAD Trust platform in his office with a lush forest outside the window. AI generated picture.

Gold Standard, based in Switzerland, brings its vast dataset to CAD Trust’s decentralised platform, which aggregates and harmonises carbon registry information. As of now, users of the CAD Trust Data Dashboard and API can access data on 3,362 Gold Standard projects. The full dataset, representing 335 million carbon credit issuances, is set to be fully harmonised with CAD Trust’s data model by the end of 2024.

Interim CEO of CAD Trust, Federico Di Credico, highlighted the importance of this integration, noting that Gold Standard’s participation will substantially enhance market coverage. Margaret Kim, CEO of Gold Standard, echoed this sentiment, expressing that the move will make project data more accessible and useful for global stakeholders.

Read more: First UN carbon credits under Article 6.4 to be issued soon

Launched in December 2022, CAD Trust is a collaborative initiative by the International Emissions Trading Association (IETA), the World Bank, and the government of Singapore. It leverages blockchain technology to create a unified database of carbon registry data, promoting transparency and efficiency in the carbon market.

The move has garnered support from the International Carbon Reduction and Offset Accreditation (ICROA), a key standard in the voluntary carbon market. ICROA has recommended that crediting programmes seeking its endorsement connect to CAD Trust, further solidifying the platform's growing influence in the sector.

This integration is poised to deepen market insights and foster greater trust in carbon trading systems, signalling progress in the quest for a unified and transparent carbon marketplace.

Read more: Belgium’s leading firms in carbon compensation efforts

At DGB Group, we are committed to using nature-based solutions to tackle environmental and biodiversity challenges. Our initiatives, including large-scale reforestation, afforestation, and the distribution of energy-efficient cookstoves, are designed to restore ecosystems while empowering local communities. By promoting biodiversity and fostering sustainable livelihoods, our projects create enduring positive change.

We take pride in delivering premium carbon units that enable businesses to compensate for their emissions while contributing to long-term sustainability goals. Whether you're looking to measure your carbon footprint or offset unavoidable emissions, our verified carbon units offer a trusted path toward a greener future.

Before you go...

As DGB Group, our sole purpose is to rebuild trust and serve the public by making the right information available to everyone. By subscribing to our mailing newsletter, you can get the latest tips and trends from DGB Group's expert team in your inbox. Sign up now and never miss the insights.

Read other news

The price of Australian Carbon Credit Units (ACCUs) is projected to surge by 75% to AUD 70 per tonne..

The European Commission’s 2024 NextGenerationEU (NGEU) Green Bonds Allocation and Impact Report shed..

At COP29 in Baku, Norway unveiled its largest financial commitment yet to the global carbon market: ..

In a landmark collaboration unveiled during COP29 in Baku, Azerbaijan, Verra and the state of Amazon..

Let’s get to know you

Let's talk about how we can create value together for your sustainability journey.