A carbon market big enough to have real climate impact needs a sturdy foundation -
a foundation that sellers and buyers can trust, the financial community can rely on, auditors can audit, and regulators can regulate.
What is the Global Carbon Market Utility (GCMU)?
The Global Carbon Market Utility (GCMU) is a financial market utility that serves as the underlying book of record for the carbon market.
The GCMU’s mission is to transform the carbon market into a financial market large enough to have real climate impact.
Our goal
Build a nimble market infrastructure for the VCM, so that it can achieve the scale required to meet our climate challenge – while satisfying ever-evolving financial and scientific regulations.
What will the GCMU do?
The GCMU will establish the infrastructure necessary for a trustworthy carbon market—including data transparency and management, contracts, audits, verification, and dispute resolution. This infrastructure will enable financial intermediaries, like banks and insurance companies, to enter the market, provide project financing, and house risk for end-buyers. Learn more.
The GCMU’s purpose is to:
Create an infrastructure to tap a larger pool of corporate money
Provide access to public ledgers allowing relevant regulators to review and take action as they deem necessary
Use existing contract forms, instead of new ones, to connect with the well-established financial audit process and industrial-scale project financing
Develop a template for a future mandatory market
Latest News
Accelerating Climate Action: Delivering High-Integrity Carbon Markets (‘VCM Day’)
10 October 2024
