Centigrade Announces New Open Data Platform to Restore Trust in Carbon Markets

Centigrade Announces New Open Data Platform to Restore Trust in Carbon Markets - Carbon Herald

Today, Centigrade, a climate-focused technology provider, announces the launch of an open data platform focused on restoring trust in global voluntary carbon markets.

Centigrade’s easy-to-use platform provides the fundamental data quality, availability, and transparency required for a liquid, fair, and efficient carbon market – thus enabling the necessary elements required for trust and increased participation in a durable market.

Centigrade’s easy-to-use platform provides the fundamental data quality, availability, and transparency required for a liquid, fair, and efficient carbon market – thus enabling the necessary elements required for trust and increased participation in a durable market.

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Centigrade is independent and intended for broad public purpose: it does not own or trade credits, nor provide rating or certification services. This unique position allows Centigrade to remain neutral and focus on delivering valuable data to all ecosystem players – sellers, buyers, and service providers including digital measurement providers, verifiers, auditors, certifiers and ratings agencies.

Suppliers can use the platform to introduce their differentiated product to the world, exchanges and buyers can use it for price discovery, searches and due diligence, and service providers can use it to evaluate, track, analyze and rate credits and their movements.

Over time, Centigrade will provide value-added services beyond data, enabling third parties to develop additional products and services, including for managing and remediating risk.

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“We cannot end the twin crises of climate change and nature loss without thriving credit markets. All truly functional markets require high-integrity, transparent data – and the complex realm of carbon and nature credits is no exception. Using innovative technologies, Centigrade provides the integrated, interoperable and open data platform that will enable all market actors, private and public, to make sophisticated decisions”, said Andreas Merkl, Co-founder and CEO at Centigrade.

Centigrade will add features and project types to the platform over time, increasing its utility beyond transparency and differentiation, and enabling ever more sophisticated tracking, asset and risk management for “ex ante” credits – carbon credits that are early in their lifecycle, such as recently seeded forests or carbon removal plants under construction –and “ex post” credits – credits representing carbon reduction or removal that has already occurred.

As the market diversifies, expanding attention and attracting capital to additional durable nature-based products and innovative, scalable science and technology-driven approaches, Centigrade’s platform will serve a broader and increasingly diverse swath of the market.

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