Technology & Data

Nasdaq Aims to Scale Global Carbon Markets with New Tech

Global technology and market infrastructure provider Nasdaq has revealed a technology aimed at securely digitising the issuance, settlement and custody of carbon credits. The newly launched technology promises to transform the existing carbon credit operating model, notorious for its reliance on manual processes and lack of scalability. According to Roland Chai, Executive Vice President and Head of Marketplace Technology at Nasdaq, the market’s fragmentation and absence of standardisation have hindered its growth potential. “Bringing institutional-grade technology to underpin the market will drive ever-greater liquidity across carbon marketplaces and open the possibility of greater interoperability between registries in the future, he said. Nasdaq’s new offering aims to introduce a standardised, digital framework enabling market operators and registries to create and distribute credits while ensuring complete auditability. Further, the firm’s carbon taxonomy framework is adaptable, allowing integration of new credit types as the market evolves, which it believes will attract high-quality liquidity from diverse investors, establishing a standardised and trusted ecosystem. 

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top