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.
A 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.
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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.
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