Verra and S&P Global Commodity Insights have announced a collaboration to develop a new generation of carbon market infrastructure, beginning with the launch of a registry aimed at improving transparency and efficiency.
The partnership brings together Verra, a major standards body for climate action, and S&P Global Commodity Insights, a provider of commodities and benchmark information. The two organisations said the initiative would enhance the integrity and accessibility of carbon markets.
“This is a technological and strategic transformation for Verra. We’re building the infrastructure required for a robust and resilient carbon market: one that is agile, smarter, and better connected, starting with the registry,” said Verra’s chief executive, Mandy Rambharos. “Registries are the backbone of the carbon market, tracking the issuance, transfer, and retirement of all credits. Given this, the infrastructure underlying registries must always parallel higher integrity demands, greater scale, and more complex digital requirements. Our partnership with S&P Global Commodity Insights ensures we’re doing just that.”
The new registry will use S&P Global Commodity Insights’ Environmental Registry software, which centralises verification documents, provides traceability for credits, and enables users to track and manage carbon, water and biodiversity credits.
Leanne Todd, head of energy transition, sustainability and services at S&P Global Commodity Insights, said: “This is a defining moment for the future of carbon markets and the advancement of energy transition and climate goals. Integration of Verra into the Environmental Registry and Meta Registry® will further underpin these platforms as the foundation for a unified, transparent community that can foster greater trust and growth in carbon markets.”
The registry will be introduced in two phases, with the initial rollout expected within six months and a second stage scheduled for 2026. Planned improvements include expanded digitisation, reduced administrative burdens for project developers, transaction-ready APIs for automated transfers, and enhanced transparency tools.
Verra confirmed it will provide training and support to registry users ahead of the transition, with further details to be announced in September.
