BeZero Carbon, the global carbon ratings agency, has expanded access to its scientific risk assessments of carbon projects by making its analytics available on the Bloomberg Terminal.
The integration allows Bloomberg Terminal users to access BeZero Carbon’s detailed assessments, which rate the likelihood of carbon projects to avoid or remove one tonne of CO2e. These ratings range from AAA, indicating the highest likelihood, to D, the lowest. This scale offers investors a clear understanding of the effectiveness and reliability of their carbon credit investments.
Through the Bloomberg Terminal, users can now utilise the {BZRO <GO>} and {DSET Carbon_Offset_Projects <GO>} commands to explore a wide range of climate risk assessments. This feature enables the filtering of projects by various criteria, including vintage, rating, registry, and sector, helping users identify projects with the highest impact.
Emilie Gallagher, global head of commodities, FX, and macroeconomics at Bloomberg, said: “All types of market participants are searching for new opportunities in growing segments like voluntary carbon markets. Given our close collaboration with clients and agencies like BeZero Carbon, we are well positioned to bring more transparency to this space and provide Bloomberg Terminal customers, including corporates and institutions, access to monitor carbon ratings and offset quality.”
BeZero Carbon’s rigorous risk assessments are crucial for driving significant investments into effective climate projects. Recent research from BeZero, using data from the Xpansiv CBL market, revealed that projects with a rating of ‘A’ or higher achieve price premiums around 200% above other BeZero-rated credits in the latter half of 2023.
Sebastien Cross, chief innovation officer and co-founder of BeZero Carbon, remarked: “The addition of our carbon ratings on the Bloomberg Terminal is a huge landmark for BeZero and an important development for effectively evaluating carbon markets at scale. To have our ratings live across financial markets within two years of launching is a brilliant affirmation of the team and our approach. Giving Bloomberg customers the tools to understand and value project risks will boost trust and confidence in carbon credits as a net zero tool, and ultimately help mobilise investment into projects delivering real climate impact.”
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