Verra and S&P Global Launch Joint Carbon Registry for Greater Transparency

Verra, the leading global environmental standards body, has partnered with S&P Global Commodity Insights to create an advanced carbon registry aimed at transforming the efficiency and credibility of carbon markets. The project seeks to address long-standing challenges around transparency, scalability, and interoperability—key factors needed to expand the role of carbon trading worldwide.

A tree sapling surrounded by bees, a new African forest in the background, and a man focused on his tablet. AI generated picture.

At the core of this initiative is the integration of Verra’s project hub with S&P Global’s Environmental Registry software. Together, they will form a single platform designed to provide traceability, consolidated documentation, and automated processes. A direct link to the Meta Registry® will also help eliminate double-counting, a persistent issue that has undermined confidence in carbon credits.

‘Registries are the backbone of the carbon market’, said Verra CEO Mandy Rambharos. She noted that the new system will provide ‘smarter, more connected infrastructure capable of restoring trust and improving market resilience.’

The registry could play a vital role in Africa, where many nature-based projects—such as mangrove restoration and forest protection—are under development but often struggle to secure international buyers. Transparent credit tracking and alignment with global systems are expected to enhance credibility, boost financing, and ensure that communities benefit more directly from environmental action.

Calling the launch ‘a defining moment’ for the industry, Leanne Todd, head of energy transition and sustainability at S&P Global Commodity Insights, said: ‘Our alliance sets the stage for tangible benefits of improved transparency, credibility, and credit tracking efficiency.’

The initial rollout is expected within six months, with full implementation targeted by 2026. Future upgrades will focus on digitising transactions via APIs, enabling large-scale trading, and ensuring compliance with international frameworks such as Article 6 of the Paris Agreement and CORSIA.

Verra also plans to offer training for project developers, particularly in Africa, to help them navigate the complexities of carbon markets and engage more effectively on a global level.

This partnership marks a significant step toward strengthening the infrastructure of voluntary carbon markets and advancing global efforts to finance environmental action.