Launching as a pilot in August, Project Carbon will act as a place where the four banks' corporate customers buy and sell carbon offsets with clear and consistent pricing and standards. More banks are expected to join later. Users will be able to view the price history of available carbon credits as well as viewing all documentation relating to their quality and integrity. All customer transactions will be recorded on the blockchain ledger which will record ownership and provide reporting for post-transaction settlement. Alison Rose, chief executive, NatWest, says: "Reaching net zero is a global effort and I am pleased we are working across the industry to support our customers and help tackle the climate challenge."

https://www.finextra.com/newsarticle/38438/banks-launch-carbon-marketplace