A carbon market registry is an electronic or physical record of transactions within a carbon market. It includes basic information on the participants in each transaction, as well as the quantity, price, and date of the transaction.
Mechanisms to ensure compliance with emissions reductions commitments made under the Kyoto Protocol include:
International Transaction Log (ITL): The ITL is a global, decentralized transaction registry that allows for the tracking of all Kyoto Protocol units and emissions reductions.
Joint Implementation (JI) Supervisory Committee: The JI Supervisory Committee is responsible for overseeing the activities of Joint Implementation projects and ensuring their compliance with the Kyoto Protocol.
Clean Development Mechanism (CDM) Executive Board: The CDM Executive Board is responsible for overseeing the activities of CDM projects and ensuring their compliance with the Kyoto Protocol.
Compliance Committee: The Compliance Committee is responsible for considering cases of non-compliance with the Kyoto Protocol and making recommendations to the Conference of the Parties on how to address them.
The Compliance mechanism of the Kyoto Protocol is designed to ensure that Parties meet their commitments under the Protocol.
The mechanism includes a number of different procedures and processes, as well as a range of different bodies and institutions, all of which work together to promote and ensure compliance with the Kyoto Protocol.
Below are some of the top carbon market registries at the moment, as the sector continues to grow there will be more added to this list.
Verra
Verra is helping to tackle the world’s most intractable environmental and social challenges. By developing and managing standards that help the private sector, countries, and civil society achieve ambitious climate action goals, Verra's mission is to make a real difference in the fight against climate change.
Verra’s global standards and frameworks serve as linchpins for finance flowing towards high-impact activities that tackle some of the most pressing environmental issues of our day.
Launched in April 2020, The Verra Registry is the cornerstone for the implementation of Verra’s standards and programs. The Registry facilitates the transparent listing of information on certified projects, issued and retired units, and enables the trading of units.
It is the central repository for all information and documentation relating to Verra projects and credits. The Verra Registry also ensures the uniqueness of projects and credits in the system.
Plan Vivo x Markit Registry
All Plan Vivo Certificates (PVCs) are issued, transacted and retired on the Markit Registry. By using this third-party registry, PVCs are allocated unique serial numbers, ensuring that there is no double-counting or double-selling of PVCs.
It also provides transparency, allowing anyone to view the current stock and retirements made by projects or resellers.
The Markit Registry also lists all Plan Vivo projects and project documentation that is responsible for the issuance of PVCs (PDDs, technical specifications, annual reports and audit reports).
This information is important for anyone interested in buying or selling PVCs, as it allows them to verify that the certificates they are purchasing are actually associated with a registered project.
Regen Network
Regen Network is a full-stack blockchain software development company best known for the deployment of Regen Ledger and the set of tools used for the network.
Regen Network is a community of actors engaging with ecological regeneration, ecological monitoring, verification, distributed computing, and technology development, centered around Regen Ledger. Network members track specific changes in land, oceans, and watersheds.
Regen Registry is an emerging ecosystem services registry working towards ecological regeneration.
Gold Standard
Gold Standard is working to create a climate secure world where sustainable growth brings life-changing benefits to communities everywhere. Their mission as a standard and certification body is to maximize the impact of climate and development activities.
Gold Standard designs strong processes that amplify the impact of efforts to deliver clean energy and water, responsibly manage land and forests, and transform lives of the world’s poor.
Then then verify those outcomes, inspiring greater confidence that drives investment to accomplish even more.
American Carbon Registry
The American Carbon Registry (ACR) is a nonprofit enterprise that was founded in 1996 as the world's first private voluntary greenhouse gas registry. ACR's mission is to mobilize actions to reduce emissions through market-based solutions.
Climate change will have a profound impact on the poorest populations around the world, and Winrock International believes that markets are the most effective path to mitigate these effects.
Winrock is a mission-driven institution named for philanthropist Winthrop Rockefeller, and is committed to reducing greenhouse gas emissions through market-based solutions.
Climate Action Reserve
The Climate Action Reserve (CAR) is a highly trusted and experienced offset registry for global carbon markets. The Reserve encourages action to reduce greenhouse gas (GHG) emissions by ensuring the environmental integrity and financial benefit of emissions reduction projects.
CAR establishes high quality standards for carbon offset projects, oversees independent third-party verification bodies, issues carbon credits generated from such projects and tracks the transaction of credits over time in a transparent, publicly-accessible system.
