The Climate Action Data Trust (CAD Trust) – a decentralised platform that links, aggregates and harmonises major carbon registry data – has unveiled a new strategic roadmap to move closer to a permanent governance model by 2025. CAD Trust was launched by the World Bank, the International Emissions Trading Association and the Government of Singapore in December 2022. The new strategic roadmap will strengthen the trust’s value proposition as the leading public data infrastructure for Paris-aligned carbon markets. It will also reinforce its commitment to fostering a strong, transparent, and efficient digital infrastructure to deliver transparency and integrity to global carbon markets, and empower all carbon market participants in their journey towards a sustainable and low-carbon future. As part of the roadmap, key strategies to be delivered in the coming months include: increasing, refining and scaling CAD Trust data and infrastructure; piloting transparency and integrity solutions; supporting operationalisation of Article 6 through targeted capacity-building interventions and partnerships; and increasing operational efficiency. As part of the new phase, Yuvaraj Dinesh Babu Nithyanandam will step down as Executive Director, but continue to support the while pursuing a new career opportunity. Meanwhile, Federico Di Credico – CSO of ACT Group, Vice Chair of the International Emissions Trading Association and Board Director of CAD Trust – will guide the organisation as interim CEO, with support from the World Bank Climate Warehouse team. “The new work programme and phase reflects the deepening of [CAD Trust’s] value proposition,” said Hania Dawood, Global Practice Manager for climate finance and economics at the World Bank and CAD Trust Board Member. “We will continue to work closely with the CAD Trust Secretariat to support operationalisation of Article 6 and develop Paris-aligned carbon markets, supported by common and interoperable infrastructure frameworks that promote transparency and integrity.”
