The Intercontinental Exchange (ICE) is establishing an environmental registry technology service to bring best in class infrastructure to registries and support the adoption of carbon credits as an asset class.
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Through this initiative, called ICE GreenTace, ICE’s partner, Winrock International’s Environmental Resources Trust (ERT), will use ICE’s registry technology service for its crediting programs: ACR, the Architecture for REDD+ Transactions (ART) and the new sectoral crediting standard in development for the Energy Transition Accelerator (ETA).
“The ICE registry platform is a leap forward for the technology infrastructure underpinning global carbon markets, providing powerful next-generation digital functionality to all registry users to enhance efficiency and market integration,” Mary Grady, CEO of Environmental Resources Trust (ERT), said. “Bringing nearly 30 years of carbon market experience to our role as ICE’s launch partner, we are excited to join forces with an industry leader to deliver a transformational platform that supports the market growth required to achieve global climate goals.”
ERT launched ACR, formerly the American Carbon Registry, in 1996 as the world’s first private greenhouse gas registry. ART was established in 2018 as the first market-based initiative to incentivize the protection and restoration of tropical forests at scale. ERT was selected in 2023 by the ETA Founding Partners to develop and pilot the carbon crediting standard for the ETA to accelerate a clean power transition in emerging and developing economies.
“Building on more than two decades of expertise in analogue to digital transformations across multiple asset classes, ICE now plans to deliver mission-critical infrastructure to the carbon credit market. We selected ERT as our launch partner based on their reputation for excellence, longstanding support of carbon markets, and commitment to a market infrastructure transformation,” Gordon Bennett, global head of environmental markets at ICE, said. “ICE’s technology will bring unparalleled financial market infrastructure to allow customers to more confidently invest in and manage carbon assets at a time when transparency and trust are vital for scaling carbon credit markets.”
The new service is expected to launch in late 2025.
