New carbon data standards initiative to aid and scale carbon markets

Co-chairs gcmu, sylvera, rmi and s&p global commodity insights invite experts to advance transparency in carbon markets and collaborate on carbon data open protocol -lack of standardization fragments market & impedes markets' potential as driver of climate action- london and new york and singapore , march 18, 2025 /prnewswire/ -- a group of 30 leading businesses, nonprofits and public sector organizations have joined forces to help facilitate and scale carbon markets by launching an open, multi-stakeholder initiative to develop a protocol that harmonizes the definitions and rules that standardize data describing carbon crediting projects and carbon credits across markets, geographies and activity types.   the group's carbon data open protocol (cdop) aims to create the processes and definitions for greater standardization, transparency and fungibility to improve integrity and dramatically scale carbon markets, according to the committee-led initiative's four co-chairs, the global carbon market utility (gcmu), a financial services organization focused on building market infrastructure to grow the carbon market, sylvera, a leading provider of carbon data, rmi, founded as rocky mountain institute, an independent, nonprofit provider of market-driven greenhouse gas emissions intervention solutions, and s&p global commodity insights, the leading independent provider of information, analysis and benchmark prices in energy, commodities and energy transition markets, and global provider of carbon market registries.
SPGI Ratings Summary
SPGI Quant Ranking