LONDON. 7 November 2023 – Viridios AI (VAI), a leading provider of carbon credit pricing, data and analytics and Carbonplace, a global carbon credit transaction network, have announced a data sharing agreement to help improve transparency of VCM pricing and transaction data.
Under the agreement, the organisations will work together to enable their customers to access voluntary carbon credit prices and transaction data across their networks.
“The VCM will play a key role in helping the world achieve its climate targets as organisations with hard to abate emissions invest in high quality carbon credits. Our work with Carbon Place is another important step in improving transparency around this emerging asset class,” says Viridios Group CEO, Eddie Listorti.
Carbonplace was developed by nine of the world’s foremost financial institutions: BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest Group, BBVA, SMBC, Standard Chartered and UBS and enables the simple, transparent, and secure transfer of certified carbon credits.
“Carbonplace is where the emerging world of carbon markets meets the established world of finance. Built by banks for banks, Carbonplace will give users essential tools like transparent pricing and real-time insights, ensuring they are well-positioned in the swiftly evolving carbon market of tomorrow,” says Carbon Place CEO Scott Eaton.
VAI is a multi-award winning carbon market data provider offering pricing and project insights on more than 17,000 voluntary carbon market projects globally.
“We’re excited to be working with Carbonplace as we continue our mission to improve price transparency across carbon markets. Timely access to carbon credit pricing and transaction data is key to accelerating investment across the VCM,” says Viridios AI CEO Marcelo Labre.
Viridios AI (www.viridios.ai), a Viridios Group company, is committed to improving the value discovery around carbon projects to allow capital to flow more freely into the complex carbon markets as the world seeks to meet its climate and net-zero targets. Its mission is to bring robust valuation methodology and instruments found in all other commodity markets, to this critical asset class and to help clients future-proof their carbon offset strategies. The VAI platform provides access to Viridios AI’s market-leading modules, Pricing, Markets, Projects, Valuation and News, providing subscribers with a full suite of carbon market intelligence on a single dashboard.
Carbonplace Limited (carbonplace.com) is a global carbon credit transaction network headquartered in London which has been developed by nine of the world’s foremost financial institutions: BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest Group, BBVA, SMBC, Standard Chartered and UBS. Carbonplace enables the simple, transparent, and secure transfer of certified carbon credits. The fintech, which has been likened to the SWIFT of the carbon markets, will fundamentally transform how carbon credits are bought and sold by allowing simultaneous settlement of carbon credits, with immediate transfer of ownership upon payment – ensuring robust reporting and traceability during the entire carbon credit transfer process, and will be available to clients of financial institutions wanting to deliver secure and transparent access to the carbon markets.