The Global Carbon Council (GCC) participated in a virtual session titled “Carbon Registry Systems: Global Approaches and Implementation Insights”, held as part of the Asian Development Bank (ADB)’s Workshop on Carbon Market Registry Development held in Ulaanbaatar, Mongolia.
The session brought together stakeholders to explore global approaches to carbon registry systems in line with Article 6 requirements and the role of digital infrastructure in enabling transparent and efficient carbon markets.
GCC, as the first internationally recognized carbon crediting program from the Global South, continues to support voluntary and compliance markets, including CORSIA and Article 6.2 mechanisms, enabling scalable and high-integrity climate action.
The session formed part of ADB’s conference in Ulaanbaatar, Mongolia, convening leading international Article 6 registry providers, including the United Nations Framework Convention on Climate Change (UNFCCC), United Nations Development Programme (UNDP), the World Bank, GCC, and S&P Global. Representing the perspective of carbon standards, GCC was invited to contribute its expertise on carbon registry systems and infrastructure development for Article 6 implementation.
Advancing Interoperable Carbon Market Infrastructure
During the session, GCC presented its approach to developing an integrated and interoperable Carbon Market Infrastructure (CMI) to support the operationalization of Article 6.2 of the Paris Agreement.
The discussion emphasized the importance of:
- Seamless integration between national registries and international systems.
- Ensuring transparency, traceability, and prevention of double counting.
- Enabling efficient cross-border transfer of mitigation outcomes (ITMOs).
- Sovereign control of countries over the ITMO authorization.
- Reporting requirements aligned with UNFCCC frameworks.
The CMI platform enables end-to-end management of carbon market activities, including project registration, issuance, ITMO transfers, and corresponding adjustments, with full alignment to UNFCCC reporting frameworks.
Addressing Implementation Challenges
The session highlighted key challenges in operationalizing Article 6.2, including:
- Limited digital infrastructure for tracking and managing carbon transactions.
- Capacity and institutional readiness constraints.
- Complex regulatory frameworks governing cooperative approaches.
GCC demonstrated how its CMI platform addresses these challenges through a fully digital, scalable, and interoperable system aligned with UNFCCC reporting frameworks.
A Fully Digitized Carbon Market Ecosystem
GCC showcased its end-to-end digital ecosystem, integrating:
- Project registration and issuance workflows.
- Transaction registry systems.
- National carbon registries.
- Digital MRV for real-time monitoring.
This enables countries to efficiently manage ITMO lifecycles, apply corresponding adjustments, and generate Biennial Transparency Reports (BTRs) in line with international requirements.
Enabling Country-Led Carbon Market Systems
A key focus of GCC’s approach is maintaining country’s sovereignty, ensuring that national authorities retain full control over:
- Project approvals and authorizations.
- Issuance and transfer of carbon credits.
- Registry operations and reporting.
Driving the Future of Carbon Markets
Through its participation, GCC reaffirmed its commitment to supporting countries in building robust, transparent, and interoperable carbon market systems.
As carbon markets continue to evolve, such digital infrastructure will be critical in enabling credible, scalable, and globally connected climate action mechanisms.
