Upon reviewed validation documentation, the Markit Environmental Registry lists the units that are pending issuance into the Pending Issuance Unit (PIU) Registry, attaches a tracking number to them, and provides visibility to the market of each unit throughout its lifecycle. This is a world first for carbon and has the potential to unlock funding, transaction visibility and real value for the carbon market and other environmental markets.

A Pending Issuance Unit is a unit that represents a contractual right to an anticipated delivery of an emission reduction credit. These units can now be listed, held and tracked on the Markit Environmental Registry.

The Markit PIU Public View is a facility whereby anyone can view the PIUs listed with Markit. The PIU Registry is distinct from the issued credit Registry in that it reflects the units pending issuance in the Registry and therefore represents the future rights to a credit once the project achieves the anticipated emission reductions or removals in accordance with the Standard.