Carbon Credit Trading Platform Data Collaboration
Carbon Credit Trading Platform Data Collaboration
Description:
This collaboration with financial institutions involves creating a data-driven carbon credit trading platform, which will enable companies to offset their carbon footprint and meet sustainability goals.
Objectives:
• Support carbon reduction through a transparent carbon credit market.
• Encourage sustainability practices across industries.
• Align with Abu Dhabi’s environmental goals.
Socio-Economic Impact:
• Government: Alignment with global carbon reduction targets, improved environmental quality, and support for sustainability.
• Private Sector: Opportunities for investment in carbon credits, compliance with environmental regulations, and enhanced brand reputation.
Potential Datasets:
• Data on carbon emissions and footprint.
• Financial data related to carbon credit transactions.
• Pricing data on carbon credits, demand and supply trends, and other market insights.
• Anonymized data on financial records of transactions involving carbon credit purchases and sales, investment data, and funding sources related to carbon credits.
Potential Stakeholders:
Financial Institutions, Carbon Credit Traders and Brokers, Sustainability Consultancies and Advisors
Code: Economy
Sustainable Development Goals (SDG):
International Best Practices:
In the EU, a carbon credit trading system helps industries reduce emissions while fostering investment in sustainable practices.
How to get involved?
D4G Alliance initiative facilitates win-win collaboration between relevant stakeholders where privately held data are utilized to produce actionable insights for the public interest in the Emirates of Abu Dhabi.
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