NatWest, CIBC, Itaú and National Australia Bank have announced a collaborative venture for carbon trading, Project Carbon, as a platform for the voluntary carbon market-place.

Project Carbon aims to support a thriving global market-place for quality carbon offsets with clear and consistent pricing and standards and will provide a valuable pathway for our clients in their efforts to achieve a net-zero goal.

The project aims to achieve an increased delivery of high-quality carbon offset projects, a liquid carbon credit market-place with price certainty and transparency with a strong ecosystem to support the offset market and tools to help clients manage climate risk.

In alignment with the leading Taskforce on Scaling Voluntary Carbon Markets (TSVCM), established by Mark Carney, UN Special Envoy for Climate Action and Finance, the project helps remove current barriers to voluntary carbon offset purchasing.

Project Carbon will initially be launched as a pilot in August to demonstrate the operational, legal and technical capability of the platform.

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