Why do you need a registry?

A registry is like the backbone of the carbon credit system. It helps to make sure everything is working properly. Here's why it's important:

Checking things are done right: A registry works with independent organizations to make sure projects meet the necessary standards before any carbon credits are given out. This process helps to make sure that the projects are having a real and lasting impact on reducing greenhouse gases.

Keeping track of credits: Each carbon credit is given a unique number so it can be tracked. This helps to make sure that everything is open and above board and prevents any dishonest activities like selling the same credit twice.

Keeping records: The registry keeps a record of when credits are given out, who they're sold to and when they're used up. This helps everyone involved to keep an eye on what's happening in the market.

Helping to make transactions: The registry makes it easier and safer for buyers and sellers to trade carbon credits. It also gives them up-to-date information about which credits are available, which helps them make informed decisions.

Building trust: By making sure everything is done properly and openly, a registry helps to build trust. This trust encourages more people and organizations to get involved, which leads to more greenhouse gas reductions and bigger steps forward in the fight against climate change.

In short, registries are crucial in making sure climate projects are credible.