Taking Back Control: Financing Climate Action with Trust and Transparency
London, 11th September 2024
Taking Back Control: Financing Climate Action with Trust and Transparency
The climate crisis is a challenge we can’t ignore, and the need for swift, decisive action is becoming increasingly urgent. With an estimated USD 8.5 trillion per year in climate finance required between now and 2030, we must deploy resources more efficiently and extensively than ever before.
One powerful tool at our disposal is carbon markets, capable of channelling corporate finance into projects that generate tangible climate benefits when operating with integrity.
But both trust and transparency have been lacking. In the past, carbon markets have been held back by their complex and fragmented nature. Various independent standards and the absence of a central authority often left participants with a lack of confidence to engage in the market, delaying crucial funding, especially for climate projects in the Global South.
But things are looking up. The market is reaching an inflection point, with the emergence of universal standards like IC-VCM’s Core Carbon Principles (CCPs) and significant advancements in the data, information and tools available to market participants.
At this pivotal time, what is now needed is the missing piece of infrastructure.
This is exactly why major banks joined forces in 2021, leading to the launch of Carbonplace in 2023 — a platform for companies to hold, manage, buy, sell, and retire their carbon credits using secure bank-grade infrastructure.
As the only carbon credit management platform developed and powered by the world’s leading banks, Carbonplace uniquely bridges the infrastructure gap in the market by leveraging the inherent trust, transparency, and security of the financial services industry.
With trust at the centre of every transaction, Carbonplace gives users full control to effortlessly manage the entire carbon credit lifecycle from inception to retirement on one simple dashboard, removing the need to rely on third parties.
Partnerships with leading data providers like BeZero and Allied Offsets, along with the harmonisation and standardisation of data across registries, ensure comprehensive data and price transparency on the platform. This, combined with full registry access to credits verified by all industry standards bodies, empowers corporate users to make well-informed decisions.
And with incoming regulations such as the Financial Conduct Authority’s anti-greenwashing rule and the recent US federal guidelines for the use of carbon credits, it’s more important than ever for companies to meet their climate commitments and demonstrate real, impactful progress.
Fortunately, Carbonplace offers a full suite of bank-standard audit and reporting capabilities. Credits are registered in your name to easily demonstrate climate action efforts at this crucial time.
We must leverage every available tool as we strive towards net zero.
With the opportunity to invest in climate solutions with security and transparency, there’s no better time to start.
Take control of your climate action journey today.
Media Contact
Marie Loustau, Head of Sales at Carbonplace