?? Live from Baku!
?? We're pleased to introduce the Roadmap for Safe, Efficient, and Interoperable Carbon Markets Infrastructure—the first deliverable from The World Bank-convened Carbon Markets Infrastructure Working Group (CMI WG).
??What?
Carbon market infrastructure is the backbone and arteries of market activity. Together with our partners, we identified critical bottlenecks and outlined key priority areas for a secure, efficient, and interoperable carbon market infrastructure.
Checkout the full roadmap here ??
https://lnkd.in/eRmdDpMD
?? What are the pain points?
(1) Ecosystem Governance: we need clear roles, responsibilities, and terminologies to eliminate gaps and ambiguities in liability and accountability chains.
(2) Information Security & Transaction Integrity: information security and transaction integrity, such as MAF and KYC/AML/ABC programs, matters also in carbon markets!
(3) Data & System Interoperability: data harmonization is needed for system integration, interoperability and information exchange across platforms ?? all critical for a scaled up market
?? What’s Next?
Detailed guidance notes for each of the above priority areas by June 2025.
? Acknowledgments
The authors of the roadmap include the following CMI WG members: ACX (AirCarbon Exchange), B3 S.A. – Brasil, Bolsa, Balc?o, Climate Action Data Trust, CME Group, Climate Market Strategy & Infrastructure Group (CMSI), EcoRegistry, Global Carbon Council, Global Carbon Market Utility, Gold Standard, Indian Energy Exchange (IEX), The Integrity Council for the Voluntary Carbon Market (ICVCM), Intercontinental Exchange, INTERNATIONAL SWAPS AND DERIVATIVES ASSOCIATION, INC.,International Standards Organization, Johannesburg Stock Exchange, Nasdaq, Philip Lee LLP, Puro Earth, S&P Global, Sylvera, US Treasury, Verra, and Xpansiv. The International Organization of Securities Commissions - IOSCO also contributed as an observer.
Together, we look forward to building a resilient, transparent, and efficient carbon market infrastructure that supports global climate goals. ????
#CarbonMarkets #CarbonMarketsInfrastructure #Governance #InformationSecurity #TransactionIntergrity #Interoperability #ClimateAction #CMIWG
Chandra Shekhar Sinha Gemma Torras i Vives Hari Gadde Sandhya Srinivasan Pierre Guigon Shreya R.
