This article reports on the Climate Data Steering Committee (CDSC) launching public consultation on the Common Carbon Credit Data Model.
Key Points
1. Public Consultation Overview
- CDSC published draft and technical documents on July 4, 2025
- Comment deadline: August 12, 2025, 5:00 PM (South Africa Standard Time)
- Comments accepted through G20 Sustainable Finance Working Group website
- FSA's International Affairs Office, General Affairs Division, Policy Bureau serves as Japan's contact point
2. Purpose of Common Carbon Credit Data Model
- Standardization of data across the entire carbon credit lifecycle
- Common baseline voluntarily referable by broad range of public and private stakeholders
- Created at the request of the 2025 G20 Sustainable Finance Working Group
- Improving transparency in international carbon credit markets
3. Published Documents
- Press release (overview explanation)
- Common Carbon Credit Data Model draft (Excel file format)
- Technical Consultative Note
- Public consultation page (for comment submission)
4. CDSC Background and Structure
- Established in June 2021 by French President Macron and UN Special Envoy for Climate Action Bloomberg
- Aimed at supporting establishment of Net-Zero Data Public Utility (NZDPU)
- Japan's FSA participates as a member
- Part of international climate change data standardization efforts
5. Related Organizations and Future Development
- Collaboration with G20 Sustainable Finance Working Group
- Contributing to activation of international carbon credit trading
- Improving market reliability through data standardization
- Promoting global climate change countermeasures
The article indicates this is an important step toward international standardization of carbon credit markets, with Japan actively involved.