The digital transformation of carbon markets

Traditionally, the carbon credit market has been dominated by ana­logue processes, with data exchanged between entities in a manual or semi-automated manner. while there have been some digital advances, overall, the carbon market has generally been slow to fully embrace technological innovation.

However, the market is on the brink of an exciting transformation. While challenges around transparency and trust have previously hindered its growth, a powerful shift is now underway. Innova­tive market forces are converging, paving the way for a full digital transformation that has the potential to revolutionise every stage of the carbon value chain. This shift promises to dramatically enhance transparency and accessibility, rebuilding trust and un­locking new opportunities for expansion.

To fully realise these benefits, market players must come togeth­er, invest in the future, and embrace innovation. With the right collaboration and commitment, the market is poised for unprec­edented growth and success.

In this paper we outline IETA’s vision of what a digitally trans­formed carbon market could look like. In particular we focus on three enablers of the transformation;

• digitalisation,
• standardisa­tion and
• Artificial Intelligence (AI)

Read the full paper.