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Voluntary Carbon Standard...

Posted by JayGAF in Offset Standards on January 7, 2010 | No Comments
The Voluntary Carbon Standard is a full-fledged carbon offset standard. It focuses on GHG reduction attributes only and does not require projects to have additional environmental or social benefits. The VCS 2007 is broadly supported by the carbon offset industry (project developers, large offset buyers, verifiers, projects consultants). VCS approved carbon offsets are registered and traded as Voluntary Carbon Units (VCUs) and represent emissions reductions of 1 metric tonne of CO2.

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VER+...

Posted by JayGAF in Offset Standards on January 7, 2010 | No Comments
The VER+ is a full-fledged carbon offset standard and closely follows the Kyoto Protocol’s project-based mechanisms (CDM and JI).  The VER+ standard was developed by TÜV SÜD, a Designated Operational Entity (DOE) for the validation and verification of CDM projects. It was designed for project developers who have projects that cannot be implemented under CDM yet who want to use very similar procedures as the CDM. The VER+ was launched in mid 2007.

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Chicago Climate Exchange (CCX)...

Posted by JayGAF in Offset Standards on January 7, 2010 | No Comments
The Chicago Climate Exchange (CCX) is a voluntary GHG emissions cap-and-trade scheme based in North America. Although participation is voluntary, compliance with emission reduction objectives is legally binding once a member joins. CCX has as part of its cap-and-trade scheme an offset programme with a full-fledged carbon offset standard. CCX members commit to reduce their emissions by a fixed amount below the established baseline level. Members who cannot achieve the reduction target through cutting their emissions internally can meet their compliance commitment by purchasing emission allowances (called Carbon Financial Instruments; CFI) through CCX’s electronic trading platform from other CCX Members that reduce their emissions beyond the reduction target. Offsets from projects implemented through the CCX offset programme can also be used to comply with reduction targets. Total use of offsets for compliance is limited to no more that one half of the required reductions.

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