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Colombia's Cercarbono Selects Meta Registry® Connectivity Platform of S&P Global Commodity Insights

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Cercarbono, a Colombian standards-setting body for greenhouse gas reduction projects, has become the first participant in S&P Global Commodity Insights' Meta Registry® platform. This innovative solution connects environmental registries worldwide to enhance tracking, transfer, and retirement of carbon credits while mitigating double-counting risks.

The platform provides seamless connectivity between carbon reduction programs, national registries, buyers, sellers, and trading exchanges through a single dashboard. Cercarbono brings approximately 160 environmental projects to the platform, spanning across multiple countries including Colombia, Brazil, Mexico, and Peru. The registry focuses on ecosystem preservation and emerging technologies, with South American countries contributing nearly 15% of all carbon credits historically.

Cercarbono, un ente colombiano che stabilisce standard per progetti di riduzione dei gas serra, è diventato il primo partecipante nella piattaforma Meta Registry® di S&P Global Commodity Insights. Questa soluzione innovativa collega registri ambientali in tutto il mondo, migliorando il monitoraggio, il trasferimento e il ritiro dei credit di carbonio, riducendo al contempo i rischi di doppia contabilizzazione.

La piattaforma fornisce connettività fluida tra programmi di riduzione del carbonio, registri nazionali, acquirenti, venditori e borse di scambio attraverso un'unica dashboard. Cercarbono porta circa 160 progetti ambientali sulla piattaforma, che comprendono diversi paesi tra cui Colombia, Brasile, Messico e Perù. Il registro si concentra sulla preservazione degli ecosistemi e sulle tecnologie emergenti, con i paesi sudamericani che contribuiscono a quasi il 15% di tutti i crediti di carbonio storicamente.

Cercarbono, un organismo colombiano que establece normas para proyectos de reducción de gases de efecto invernadero, se ha convertido en el primer participante de la plataforma Meta Registry® de S&P Global Commodity Insights. Esta solución innovadora conecta registros ambientales de todo el mundo para mejorar el seguimiento, la transferencia y el retiro de créditos de carbono, mientras se mitigan los riesgos de doble contabilización.

La plataforma proporciona una conectividad fluida entre programas de reducción de carbono, registros nacionales, compradores, vendedores y bolsas de comercio a través de un solo tablero. Cercarbono aporta aproximadamente 160 proyectos ambientales a la plataforma, que abarcan múltiples países, incluidos Colombia, Brasil, México y Perú. El registro se centra en la conservación de ecosistemas y tecnologías emergentes, con los países sudamericanos contribuyendo con casi el 15% de todos los créditos de carbono históricamente.

세르카르보노, 온실가스 감축 프로젝트를 위한 콜롬비아의 기준 설정 기관이 S&P 글로벌 상품 통찰력의 메타 레지스트리® 플랫폼에 첫 참가자가 되었습니다. 이 혁신적인 솔루션은 전 세계의 환경 등록부를 연결하여 탄소 크레딧의 추적, 전송 및 처분을 향상시키고 중복 계산 위험을 완화합니다.

이 플랫폼은 탄소 감축 프로그램, 국가 등록부, 구매자, 판매자 및 거래소 간의 원활한 연결성을 단일 대시보드를 통해 제공합니다. 세르카르보노는 콜롬비아, 브라질, 멕시코, 페루 등 여러 국가에 걸쳐 약 160개의 환경 프로젝트를 이 플랫폼에 제공합니다. 이 등록부는 생태계 보존과 신기술에 중점을 두고 있으며, 남미 국가들은 역사적으로 전체 탄소 크레딧의 거의 15%를 기여하고 있습니다.

Cercarbono, un organisme colombien qui fixe des normes pour des projets de réduction des gaz à effet de serre, est devenu le premier participant de la plateforme Meta Registry® de S&P Global Commodity Insights. Cette solution innovante connecte des registres environnementaux du monde entier pour améliorer le suivi, le transfert et la retraite des crédits carbone tout en atténuant les risques de double comptabilisation.

La plateforme offre une connectivité fluide entre les programmes de réduction des émissions de carbone, les registres nationaux, les acheteurs, les vendeurs et les marchés financiers via un tableau de bord unique. Cercarbono apporte environ 160 projets environnementaux sur la plateforme, s'étendant sur plusieurs pays, dont la Colombie, le Brésil, le Mexique et le Pérou. Le registre se concentre sur la préservation des écosystèmes et les technologies émergentes, les pays sud-américains contribuant à près de 15 % de tous les crédits carbone historiquement.

Cercarbono, eine kolumbianische Organisation zur Festlegung von Standards für Projekte zur Reduzierung von Treibhausgasen, ist der erste Teilnehmer an der Meta Registry®-Plattform von S&P Global Commodity Insights geworden. Diese innovative Lösung verbindet Umweltregister weltweit, um das Tracking, die Übertragung und den Rückkauf von Kohlenstoffzertifikaten zu verbessern und Risiken der Doppelzählung zu verringern.

Die Plattform bietet nahtlose Konnektivität zwischen Programmen zur Reduzierung von Kohlenstoff, nationalen Registern, Käufern, Verkäufern und Handelsbörsen über ein einziges Dashboard. Cercarbono bringt etwa 160 Umweltprojekte auf die Plattform, die sich über mehrere Länder wie Kolumbien, Brasilien, Mexiko und Peru erstrecken. Das Register konzentriert sich auf den Erhalt von Ökosystemen und auf neue Technologien, wobei die südamerikanischen Länder historisch fast 15 % aller Kohlenstoffzertifikate beigetragen haben.

Positive
  • First-mover advantage in implementing innovative Meta Registry® platform
  • Portfolio of 160 environmental projects across multiple countries
  • Strategic expansion into growing carbon credits market
  • Enhanced visibility and tracking capabilities for carbon credits
Negative
  • None.

Insights

This strategic partnership marks a significant advancement in carbon credit market infrastructure. The Meta Registry platform addresses critical challenges in the voluntary carbon market by enabling seamless tracking and preventing double-counting issues that have plagued the industry. With Cercarbono bringing 160 environmental projects to the platform, this represents substantial market reach, particularly in South America which contributes 15% of global carbon credits.

The platform's 'Connect once, Connect to many' API design could potentially streamline operations and reduce transaction costs in the carbon credit market. For S&P Global, this strengthens their position in the growing environmental solutions sector and could create a new revenue stream through platform fees and data services. However, adoption by other major registry operators will be important for the platform to achieve its intended network effects.

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

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/colombias-cercarbono-selects-meta-registry-connectivity-platform-of-sp-global-commodity-insights-302310714.html

SOURCE S&P Global Commodity Insights

FAQ

What is Cercarbono's role in S&P Global's Meta Registry platform?

Cercarbono is the first participant to utilize S&P Global's Meta Registry platform, bringing approximately 160 environmental projects to track and manage carbon credits across multiple countries.

How does S&P Global's Meta Registry platform work for carbon credits?

The Meta Registry platform connects environmental registries worldwide, enabling seamless tracking, transfer, and retirement of carbon credits while mitigating double-counting risks through a single dashboard interface.

What is the significance of South American carbon credits in the global market?

South American countries supply almost 15% of all carbon credits historically, with a strong focus on nature-based solutions, making them key players in the global voluntary carbon markets.

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