Last August 17, the United Nations Development Programme (UNDP) announced an open-source software which allows countries to manage national data and processes for trading carbon credits.
The software, called the National Carbon Registry, has been accredited as a digital public good. As such, the registry’s modules, software and technical documentation can be reused and tailored by countries, potentially reducing production costs and implementation timelines. Additionaly, it can also be integrated with national measurement, reporting and verification (MRV) systems and international digital systems such as UNDP’s voluntary cooperation platform and the global platform Climate Action Data Trust (CAD Trust) launched by the World Bank. Refer to this December 2022 post to recall.
This open-source registry follows best practices and inputs from countries and from the Digital4Climate (D4C) Working Group, referenced at the end of this article.
According to the Nationally Determined Contributions (NDC), developing countries will need more than US$ 6 billion by 2030 to finance their climate action goals, with the carbon markets being fundamental, including the use of market mechanisms through the provisions of Article 6 of the Paris Agreement.
The Tracking Working Group of the “Paris Agreement Article 6 Implementation Partnership” (A6IP) under the leadership of Japan, is also discussing the development of capacity-building tools for authorization, reporting, and tracking and tailored support packages responding to country needs. Recall our June 28 post and from there you can access all material presented in the last A6IP meeting:
Digital Architecture Around Article 6.2 (by the same UNDP)
Supporting Countries with Development of Infrastructure (by World Bank)
Registries for international transfers under Article 6.2 and examples of Japan and Ghana’s carbon registry
A6IP's 2nd Plenary Meeting will happen will happen this week and we will keep you posted about any significant development.
Click at the image below for the D4C portal. Scrolling down their page, the following topics:
Digital for Climate Overview & Governance of Digital Public Goods
Digitization of Methodologies & Digital Workflow
Digital MRV Systems
Registry Systems
Tokenization Instruments (with several other useful links)
Metadata Layer
