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Carbon Data Open Protocol (CDOP) Coalition Unveils Open-Source Data Model at Climate Week NYC to Facilitate and Scale Carbon Markets
Prnewswire· 2025-09-23 11:00
Core Insights - The Carbon Data Open Protocol (CDOP) Version 1.0 has been launched to standardize carbon credit data, facilitating the growth of carbon markets and addressing data fragmentation [2][3][4] - The initiative is a collaborative effort involving 37 organizations, aimed at creating a unified data schema to enhance the integrity and efficiency of carbon markets [6][9] Group 1: CDOP Structure and Purpose - CDOP Version 1.0 provides a harmonized data schema that addresses the complexities and inconsistencies in carbon credit data, which have previously hindered market development [2][3] - The structure includes standardized definitions for five foundational data categories: location, project details and approach, disclosures, and issuances, supporting alignment across various market participants [3][4] - The initiative is designed as an open-source public good, ensuring broad accessibility and ongoing evolution of the data standards [5][6] Group 2: Market Impact and Collaboration - The CDOP aims to remove structural barriers that have prevented institutional capital from flowing efficiently into climate solutions, thus enhancing investment in carbon markets [4][6] - The coalition behind CDOP includes leading businesses, nonprofits, and public sector organizations, reflecting a collective commitment to scaling market trust and efficiency [9][13] - CDOP is intended to complement existing carbon data initiatives, creating a coherent ecosystem for data standardization [7][11] Group 3: Future Developments and Adoption - Future iterations of CDOP will cover the full lifecycle of carbon credit data, providing in-depth technical guidance for various contexts [3][11] - Market participants are encouraged to adopt the CDOP Version 1.0 structure and contribute to its ongoing development, emphasizing the initiative's collaborative nature [8][9] - The CDOP is expected to evolve over time, with regular updates to ensure alignment with market needs and advancements [11][12]
Base Carbon Announces India ARR Project Expansion Options
Globenewswire· 2025-09-03 11:30
Core Viewpoint - Base Carbon Inc. has acquired additional expansion options for its India Afforestation, Reforestation, and Revegetation Project, enhancing its capacity to generate carbon credits and align capital commitments with operational timing [1][3][4]. Expansion Options - The company has secured two contractual options to expand the India ARR Project at no additional cost, allowing for the planting of 20 million additional trees and the purchase of associated carbon credits under similar economic terms as the initial project [3][4]. - These options can be exercised over the full 20-year duration of the current project life, further strengthening the company's existing rights related to project expansions initiated by its partner, Value Network Ventures Pte. Ltd. [3][4]. Project Development - The India ARR Project focuses on afforestation and reforestation of degraded rural farmlands in Uttar Pradesh, with 6.5 million trees planted by the end of 2024 [4][5]. - The project has been submitted to the carbon credit registry Verra for validation, with the first issuance of carbon credits expected in the first half of 2026 [4][5]. Financial Commitments - As of now, approximately US$6.7 million of the US$13.6 million committed to the initial project has been deployed, with US$6.0 million considered maintenance capital [5]. - About US$4.0 million of the maintenance capital is anticipated to be funded through initial sales of carbon credits generated by the project [5]. Community Engagement - The project is designed to meet the needs of local farming communities, involving high levels of stakeholder engagement and feedback [6]. - It includes the planting of over 16 different species of trees, providing food security and income-generating opportunities for local families [6]. Investor Town Hall - The company will host an investor town hall on September 30, 2025, to provide a business update and respond to investor questions [2][7][8].
北京绿色交易所召开2025年参与人大会 推动绿色低碳发展
Zheng Quan Ri Bao Wang· 2025-07-30 06:18
Core Insights - The Beijing Green Exchange hosted the 2025 Participant Conference, attracting over 200 representatives from various sectors in the voluntary carbon market [1] - The Chairman of the Green Exchange, Wang Naixiang, emphasized the company's development history and the construction of two major platforms: voluntary greenhouse gas emission reduction trading and national green technology trading, while promoting a diversified service approach to support national carbon peak and carbon neutrality goals [1] - The Bank of China Postal Savings Bank's Beijing branch highlighted its innovative practices in green finance, showcasing a comprehensive support strategy for the national "dual carbon" strategy through five dimensions: organizational structure optimization, establishment of specialized institutions, policy support innovation, key project investment, and green finance innovation [1] Development and Future Directions - Zhang Ruoyan, General Manager of the Green Exchange, presented the exchange's achievements and future directions, while various experts discussed the potential and development paths of the voluntary carbon market, global climate governance trends, CCUS technology innovations, and the application prospects of RWA technology in carbon credit [2] - Roundtable discussions focused on the opportunities and challenges in the voluntary carbon market, sharing experiences and suggestions for innovative development in carbon market participation [2] - Another roundtable explored the role of green finance in supporting green industry development and future directions, sharing practical experiences and innovative measures [2] Carbon Neutrality Initiatives - The conference utilized a digital platform co-developed with Smart Exhibition for carbon accounting, quantifying the carbon emissions and reductions of the event, with plans for carbon neutrality achieved through the cancellation of carbon credits post-event [3]