FACTBOX: Unraveling The Voluntary Carbon Market
Author: Nina Chestney
The Gold Standard Foundation is a non-profit organization which operates a certification scheme for premium quality carbon offsets. The Gold Standard quality benchmark is considered to be the highest in the voluntary carbon market.
The VER+ Standard was developed by international certification organization TUV SUD. It was the main standard for offset credits before the VCS began in 2007 but has since declined in popularity.
The term 'exotic' refers to the location of the emission reduction project, usually in countries with smaller project numbers.
Vintage refers to the year the carbon reduction takes place.
CLIMATE RESERVE TONNES (CRTs)
CRTs are traded under California's Climate Action Registry. Members of the registry include over 300 of the world's largest corporations, universities, environmental organizations and government agencies. They voluntarily measure, monitor and publicly report their greenhouse gas emissions using the registry's protocols. Sources include: www.cdmgoldstandard.org; www.v-c-s.org; www.climateregistry.org.
(Editing by Keiron Henderson)