The leading local asset project certifier is committed to global transparency.
Tero Carbon, the only Brazilian certifier of carbon credits and carbon stocks with a genuinely Amazonian DNA, has just integrated into the global Climate Action Data Trust (CAD Trust) platform.
As a result, every asset generated and registered on the Tero Platform, along with its operations, will also be reported to the decentralized global platform. This process aims to further enhance the transparency and traceability of all Tero Carbon assets.
Since carbon credit markets became part of the global agenda for reducing greenhouse gas emissions under the 2015 Paris Agreement, market regulation has been a focal point of discussion. Article 6 of the agreement aims to incentivize progress towards greenhouse gas reduction targets and increase transparency in carbon credit trading. However, lack of standardization and centralized registry systems have led to various issues, including the dreaded double counting of carbon credits, which can overestimate emission reduction efforts and undermines market integrity.
In an effort to address these challenges, the Climate Action Data Trust (CAD Trust) platform was launched through collaboration between the World Bank, the International Emissions Trading Association (IETA), and the Government of Singapore. This initiative aggregates carbon credit registries from leading certifiers worldwide, now including Tero Carbon as the sole Brazilian entity integrated into CAD Trust.
“At CAD Trust, our mission is to link, aggregate and harmonize data from carbon crediting programmes around the globe to enable efficient and trustworthy markets of the future. We are delighted to welcome Tero Carbon and congratulate the team on their commitment to transparency,”.
Yuvaraj Dinesh Babu Nithyanandam, Executive Director of CAD Trust
Tero Carbon distinguishes itself with a 100% national methodology and a process for registering asset operations that utilizes blockchain technology (Polygon) to ensure traceability. Integration with CAD Trust’s metadata layer, also operating on blockchain technology (Chia), occurs seamlessly via API (Application Programming Interface), automating the entire process.
“Global metadata solutions like CAD Trust are crucial in dispelling doubts and skepticism surrounding the voluntary carbon market, a critical tool for mitigating greenhouse gas emissions. The use of blockchain ensures that clients are not misled, ensuring that purchased credits are genuine and effectively contribute to emission offsetting,”.
Francisco Higuchi, CEO of Tero Carbon and a PhD in Ecology and Tropical Forest Management (UFPR/INPA/FFPRI Japan)
CAD Trust operates in the public interest to increase transparency, prevent double counting, and bolster trust in the voluntary carbon market. Moreover, by establishing a global metadata layer for carbon project registries, the platform facilitates international collaboration and compliance with climate commitments outlined in the Paris Agreement.
“Being the Brazilian representative on this platform demonstrates our commitment to effectively mitigate greenhouse gas effects in the atmosphere and to lead the certification of Brazilian asset-generating projects for the international market,”.
Francisco Higuchi, CEO
About Tero Carbon
Tero Carbon is a digital certifier of carbon credits and carbon stocks. Established in Manaus in 2022, the company employs unique methodologies tailored to the Brazilian context, aligning with technical guidelines from the Intergovernmental Panel on Climate Change (IPCC), and is the first in its sector with a genuinely Amazonian DNA. Its technical team boasts over 15 years of experience in developing forest carbon projects in the Amazon, with expertise in regional logistics and social aspects of traditional communities. The certifier utilizes blockchain technology to ensure security, reliability, and traceability in the certification process of environmental assets and is supported by reputable institutions in the sector, including the Incubator of Companies at the National Institute of Amazonian Research (IE-INPA), an entity under the Ministry of Science, Technology, and Innovation, the Federation of Industries of the State of Amazonas (FIEAM), and the venture builder VB92 Launch Hub.
About Climate Action Data Trust
Climate Action Data Trust (CAD Trust) is a decentralized metadata platform that links, aggregates and harmonizes carbon registry data to address data fragmentation in carbon markets and enhance transparent accounting in line with Article 6 of the Paris Agreement. The CAD Trust open-source metadata system uses blockchain technology to create a decentralized record of carbon market activity to maximize the transparency of carbon credits, minimize the risk of double counting, and enhance the overall integrity and confidence in carbon markets. The Singapore-based initiative was founded by the World Bank, The International Emissions Trading Association (IETA) and the Government of Singapore.