The Climate Action Data Trust (CAD Trust) went live last week. It creates a blockchain log of projects across multiple carbon credit registries to prevent the double counting of initiatives. Hence it supports compliance reporting and auditing. CAD Trust founders include the International Emissions Trading Association (IETA), the World Bank and the Singapore government.
Carbon market registries integrated with the Dashboard include the world’s largest Verra, as well as the Global Carbon Council, EcoRegistry and the BioCarbon Registry. It also incorporates data from the Clean Development Mechanism (CDM), part of the United Nations Framework Convention on Climate Change (UNFCCC). The CDM makes up more than 60% of CAD Trust data.
Additionally, CAD Trust recently announced the addition of Bhutan’s national registry.
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