Chris Canavan

Launched in 2022 at COP27, The Global Carbon Market Utility is a public utility designed to provide the infrastructure necessary to manage a trustworthy carbon market—including data 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. The GCMU will plug directly into existing financial and regulatory infrastructure, helping to fill critical climate funding gaps quickly.