A Roadmap for Safe,Efficient,andInteroperable Carbon Markets Infrastructure●CarbonMarketsInfrastructureWORLD BANK GROUPWorking GroupAcknowledgementsRights and attributionsAttributionThis roadmap has been prepared by the Carbon2024 Intemational Bank for Reconstruction andPlease cite the workas follows:The World BankMarkets Infrastructure Working Group (CMI WG)Carbon Markets Infrastructure Working Group.2024.convened by the World Bank.The CMI WG members"A Roadmap for Safe,Efficient,and Interoperableinclude:Air Carbon Exchange,B3-Brazilian Stock1818 H Street NW,Washington,DC 20433Carbon Markets Infrastructure,"Washington,DCExchange,Climate Action Data Trust(CAD Trust).Tele phone:202-473-1000CME Group,Climate Market Strategy InfrastructureThird-party contentGroup (CMSI),Ecoregistry.Global Carbon Council(GCC),Global Carbon Market Utility (GCMU),GoldThe World Bank does not necessarily own eachStandard,Indian Energy Exchange (IEX).IntegrityThe findings,interpretations,and conclusionscomponent of the content contained within the workCouncil for the Voluntary Carbon Market(ICVCM).expressed in this work do not necessarily reflectThe World Bank therefore does not warrant that thethe views of the World Bank,its Board of Executiveuse of any third-party-owned individual componentDirectors,or the governments they represent.or part contained in the work will not infringe onStandards Organization(ISO),Johannesburg Stockthe rights of those third parties.The risk of claimsExchange (JSE).Nasdaq.Philip Lee LLP,Puro Earth,The World Bank does not guarantee the accuracy ofresulting from such infringe ment rests solely with you.S&P Global,Sylvera US Treasury.Verra,World Bank,the data included in this work.The boundaries,colors.If you wish to reuse a component of the work,it isand Xpansiv.your responsibility to determine whether permissionmap in this work do not imply any judgment on theis needed for that reuse and to obtain permissionfrom the copyright owner.Examples of componentsCommissions(IOSCO)Secretariat participates as anany territory or the endorsement or acceptance ofcan include,but are not limited to,tables,figures,orimages.The CMI WG welcomes engagement from relevantRights and permissionsAmy queries on rights and licenses,includingstakeholders interested in joining and contributing tosubsidiary rights,should be addressed to World Bankthe se ongoing efforts.The material in this work is subject to copyright.Publications,The World Bank Group,1818 H StreetBecause the World Bank encourages dissemination ofNW,Washington,DC 20433,USA:fax:202-522-2625;its knowledge,this work may be reproduced,in wholeor in part,for noncommercial purposes as long as fullattribution to this work is given.Design:Simpelplus (www.simpelplus.de)Copyediting:EpsteinWords (www.epsteinwords.com)