Xeptagon Contracted to Develop the UNDP Carbon Registry

Xeptagon is excited to be awarded the contract to develop the National Carbon Registry of UNDP. The Carbon Registry, designed to be deployed at the national level in countries manages the ownership, issuance, retirement, and transfer of carbon credits. The Carbon Registry has made it easier for countries to effectively manage and trade carbon credits easily. The newly developed National Carbon Registry is also accredited as a Digital Public Good (DPG).

The initial pilot deployment of the registry went ahead in Namibia during COP28, the 28th Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC) held in Dubai, United Arab Emirates. Further national deployments of the carbon registry are in progress in multiple countries with deployments in Côte d'Ivoire and Sri Lanka getting ready to go live.

The launch and the development of the DPG Carbon Registry for UNDP were also extensively covered in global media including the UNDP website, Hindustan Times, Carbon Herald and Namibian National News Papers among others.

The enhanced carbon registry has state-of-the-art features and is one of the most successful digital implementations of a digital carbon registry. The system supports the management of the full life cycle of a carbon credit from credit authorization, credit issuance, credit transfer, credit retirement as well as credit revocation. The system includes an advanced workflow model enabling carbon credit issuance bodies, credit certification bodies and climate project developers to interact in a single system.

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Further, the advanced system includes tracking of co-benefits, tracks achievement of Sustainable Development Goals (SDGs) as well as has an integration with an immutable blockchain to avoid fraud and improve transparency. The system is also integrated with CAD Trust as well as the UNDP ITMO Platform.

We are excited about being contracted to develop the global carbon registry and look forward to further development in the climate finance and carbon trading domain.

Xeptagon is also contracted to develop the National Transparency System by UNDP. The National Transparency System supports the Enhanced Transparency Framework as required by the Paris Agreement and generates the Biennial Transparency Reports (BTR) to be submitted to the UNFCCC.

Read more about our development work in the carbon trading and climate finance domain used by Top Fortune 500 Businesses, Inter-Governmental Organizations and Governments from here.