New Carbon Data Standards Initiative to Aid and Scale Carbon Markets

Co-Chairs GCMU, Sylvera, RMI and S&P Global Commodity Insights invite experts to advance transparency in carbon markets and collaborate on Carbon Data Open Protocol

Lack of Standardization Fragments Market & Impedes Markets’ Potential as Driver of Climate Action

LONDON, NEW YORK, SINGAPORE (March 18, 2025) – A group of 30 leading businesses, nonprofits and public sector organizations have joined forces to help facilitate and scale carbon markets by launching an open, multi-stakeholder initiative to develop a protocol that harmonizes the definitions and rules that standardize data describing carbon crediting projects and carbon credits across markets, geographies and activity types.