| Global Carbon Registry | 15 April 09 |
 The Voluntary Carbon Association has launched a global multiple registry system to allow trading of carbon emission offsets across registries. The system will save buyers from opening multiple accounts with different registries and ensure offsets are not double sold.The key feature to allow voluntary carbon units (VCUs) to be traded across registries has been delayed but once up and running the Voluntary Carbon Standard Registry will be able to issue, transfer and retire voluntary carbon units. "The VCS Registry is a significant milestone for the voluntary carbon market. In order to grow, this market needs credible, financial markets based registries such as the TZ1 Registry," said Lisa Ashford, Global Head of Voluntary and New Markets, EcoSecurities. Carbon offsets enables companies to compensate for unavoidable greenhouse gas emissions. The carbon offsetting market was worth around $330 million in 2007. View March 18, 2009 PlanetArk articleView March 18, 2009 Mondo Visione article View March 18, 2009 Sustainable Business article View March 17, 2009 Environmental Leader article Sources: Reuters, Mondo Visione, Sustainable Business, Environmental Leader |
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