GOLD STANDARD RELEASES
UPDATED TERMS FOR THE REGISTRY
Gold Standard has always embraced the potential for technology to drive greater ambition, efficiency, and transparency within the carbon market. Earlier this year, we outlined our views on how to harness blockchain for better, through real representation of carbon credits, full transparency of attributes of the underlying credit and compliance with the terms of the issuing standard.
This step will help ensure that we can continue to perform a function that market participants rightly expect of us: to provide a transparent and reliable record of the status of credits through our registry. This is a foundational requirement to underpin confidence and trade in the carbon market, and one that is fortunately recognised by organisations intending to tokenise credits in a robust and integrated way.
Following consultation with the Working Group on Digital Assets for Climate Impact and taking into account the initial findings of IETA’s Task Group on Digital Climate Markets, we intend to outline the criteria that Gold Standard will apply to determine whether to provide consent for the creation of Unit-related digital assets. In the meantime, we remain open to continued engagement with blockchain providers and other interested parties.