First-of-Type Platform Aims to Connect
Registries Worldwide for Tracking, Easy Interaction, Risk
Mitigation of Double Counting
- As Meta Registry Participation Expands,
it Helps Promote Carbon Market Confidence and Growth -
SINGAPORE and NEW
YORK and LONDON,
Nov. 20,
2024 /PRNewswire/ -- Colombia-based Cercarbono, a globally
recognized standards-setting body that voluntarily registers and
certifies greenhouse gas (GHG) reduction projects, has entered a
participation agreement with S&P Global Commodity Insights to
become the first to utilize S&P Global's Meta Registry®, an
innovative, a first-of-type software and platform solution that
enables environmental registries from around the world to connect
seamlessly and better track, transfer and retire carbon credits,
and better mitigate risks of double counting of those
credits.
"Reaching climate goals is no small feat, and everything we can
do to better arm the industry with information is vital. A
groundbreaking connectivity tool like Meta Registry, which unites
the registry community in one place and enhances visibility of
projects and market appetite for credits, is a game changer,"
said Alex Saer, Chief Executive
Officer, Cercarbono. "This solution aligns with Cercarbono's
innovative spirit and commitment to the integrity of environmental
markets, and we're pleased to bring to the platform a registry of
about 160 environmental projects."
Launched in July, Meta Registry® is a connectivity
infrastructure technology designed to give carbon reduction
programs insight into carbon credits liquidity and the ability to
manage entire portfolios from one single platform. It does so
by providing seamless out-of-the-box connectivity on a permissioned
basis to participating programs' registry data, national
registries' data, buyers and sellers of carbon-reduction credits,
third-party data, banks, and trading exchanges. Its aim is to
connect disparate carbon and environmental registries on an
unprecedented scale and through its at-a-glance dashboard promote a
consistent approach to across-life-cycle management of credits
across registries, and better enable visibility into pools of
credits liquidity.
Jonty Rushforth, Head of
Environmental Solutions, S&P Global Commodity Insights,
said: "We're so pleased that a recognized GHG standards
certifications leader like Cercarbono is a pioneering force behind
our Meta Registry and that they see the value in and share the
vision of its innovative, efficient API design concept of 'Connect
once, Connect to many' that will facilitate seamless access to a
full range of registries and other interested stakeholders."
Originating from one of the most biodiverse regions on the
planet, Cercarbono offers unique expertise in ecosystem
preservation and emerging technologies, working to ensure that
certified projects are both impactful and aligned with pressing
environmental needs. By certifying with Cercarbono, developers
access a trusted global market that prioritizes high-integrity,
innovative environmental solutions, connecting them with
international buyers who seek credible, impactful carbon credits
vetted for real-world sustainability outcomes.
Dana Agrotti, Low Carbon Markets Lead Analyst, S&P Global
Commodity Insights, said: "South American countries are key
players in the global voluntary carbon markets, having supplied
almost 15% of all credits historically, with a strong focus on
nature-based solutions. Registries like Cercarbono could help bring
South American nations to the forefront of this global market."
The environmental projects Cercarbono certifies are hosted on
its registry infrastructure provider EcoRegistry and located across
Colombia, Brazil, Mexico, Peru,
Chile, Ecuador, Panama, Bolivia, Dominican
Republic, Turkey,
Ghana, Laos, Nepal,
Vietnam, and elsewhere.
"We see considerable benefit to Meta Registry's ready means of
registry-to-registry and registry-to-end-user communications, which
will indeed further transparency, add another layer of tracking,
and provide additional scope to better spot any anomalies in credit
movements. We're proud to be a part of Cercarbono's entry onto this
important cross-registry platform and look forward to connecting
with its future participants," said Juan Durán, CEO,
Ecoregistry.
Meta Registry® is just one of S&P Global Commodity Insights'
many environmental solutions. Additional solutions include its
dramatically enhanced Environmental Registry, an infrastructure
software-as-a-service-based platform that offers operational
support and guidance to those wishing to create an environmental
registry for carbon, water, biodiversity, social and compliance
projects; as well as carbon and methane intensity measures; price
assessments in voluntary and compliance carbon markets; methane
reduction roadmap services, and other data, analysis and
insights.
Cercarbono is one of the top voluntary carbon standards
globally, with strong roots in Latin
America and a focus on helping emerging economies transition
to net-zero. Its certification process is shaped by an
on-the-ground understanding of the regions where our projects are
implemented, ensuring social safeguards, accountability, and
genuine impact. By prioritizing local needs when developing
project criteria, its standard is both effective regionally and
scalable globally.
S&P Global Commodity Insights has a 15-year history as a
recognized leader in carbon, water and biodiversity environmental
registries construction. It is valued for its independence,
established history of registry-build delivery, its deep and broad
understanding of environmental markets, carbon emissions, carbon
mitigation and voluntary and compliance carbon markets, and its
century-plus history as a trusted partner in energy and commodity
markets.
For additional information on Meta Registry, visit this link:
https://commodityinsights.spglobal.com/meta-registry.html
Media Contacts:
Americas: Kathleen Tanzy + 1
917-331-4607, kathleen.tanzy@spglobal.com
EMEA: Paul Sandell + 44 (0)7816 180039, paul.sandell@spglobal.com
Asia: Melissa Tan
+ 65-6597-6241, melissa.tan@spglobal.com
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global
energy and commodity markets enables our customers to make
decisions with conviction and create long-term, sustainable
value.
We're a trusted connector that brings together thought leaders,
market participants, governments, and regulators and we create
solutions that lead to progress. Vital to navigating commodity
markets, our coverage includes oil and gas, power, chemicals,
metals, agriculture, shipping and energy transition.
Platts® products and services, including leading
benchmark price assessments in the physical commodity markets, are
offered through S&P Global Commodity Insights. S&P Global
Commodity Insights maintains clear structural and operational
separation between its price assessment activities and the other
activities carried out by S&P Global Commodity Insights and the
other business divisions of S&P Global.
S&P Global Commodity Insights is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information visit
https://www.spglobal.com/commodityinsights.
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SOURCE S&P Global Commodity Insights