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World Bank and Singapore-backed CAD Trust integrates Bhutan as its first national registry

Jovi Ho
Jovi Ho • 4 min read
World Bank and Singapore-backed CAD Trust integrates Bhutan as its first national registry
CAD Trust is a decentralised, blockchain-based platform launched by the World Bank, the International Emissions Trading Association (IETA) and the Singapore government in December 2022. Photo: CAD Trust
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Edit: An earlier version of this story referred to Bhutan as the world’s first carbon-negative country”. CAD Trust’s public relations agency has requested a change to their announcement, now refering to Bhutan as “the world’s first carbon-neutral country”.

Bhutan has been announced as the first national registry to fully integrate with the Climate Action Data Trust (CAD Trust) Metadata Layer. 

Unveiled at COP28 on Dec 4, the move positions Bhutan as a regional leader in climate action, aligning with the goals of Article 6 of the Paris Agreement. 

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