Climate Action Data (CAD) Trust is a global public metadata layer that aims to empower a new global carbon market infrastructure through a decentralized information technology platform built on blockchain. It aims to mobilize climate action toward the Paris Agreement’s objectives by enhancing transparency and environmental integrity of carbon credit transactions and international carbon markets.
By connecting registries through a decentralized infrastructure, and making Climate Action Data (CAD) Trust information publicly available, it will be possible to identify risks of double counting that can damage the integrity of the markets.
The data layer created by the Warehouse can be used to support data sharing, and it provides a backbone infrastructure that can support services built by the public and private sectors to support market activity, such as compliance reporting, transacting, and benchmarking services.
The Climate Action Data (CAD) Trust´s media launch took place on October 26. The official launch was announced on December 7, 2022 at the Asia Climate Summit in Singapore. It is planned to deliver a platform that can integrate multiple carbon credit registries from early next year.
For more information on the testing and simulation activities, please visit the site here: https://www.theclimatewarehouse.org/work/climate-action-data-(cad)-trust
To learn more about the CADT, please check the official page: https://climateactiondata.org/