CUSIP Global Services, a provider of securities identification across capital markets, has partnered ratings agency BeZero Carbon to create identifiers for carbon credits. Unique CUSIP identifiers will be assigned to carbon credit projects listed on the major registries across the voluntary carbon market (VCM). This will make carbon credit trading more efficient as the market continues to scale and will help market participants manage risk by uniquely identifying credits at a vintage level, essentially the year the carbon credits were originated.
Initially, CUSIP numbers will be applied to projects accredited by the Verified Carbon Standard, American Carbon Registry, Gold Standard and Climate Action Reserve. They will be available on the CUSIP platform and will be integrated with the BeZero Carbon platform in the coming months. As the VCM scales, CUSIP identifiers will help companies looking to expand and track their carbon credit investments.
“Accurate, interoperable and universally accessible security- and entity-level identification is the foundation of any efficient market. This partnership gives us the opportunity to bring that structure and organisation to the VCM. We look forward to playing an important role in helping the marketplace grow.”
Tommy Ricketts, CEO and co-founder at BeZero Carbon, adds: “As the VCM scales into a multi-billion-dollar global market, the efficiencies these unique identifiers can bring to carbon credit trading will be invaluable and support the market to grow into a force for global environmental impact.”
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