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The Gold Standard (GS), or Gold Standard for the Global Goals, is a standard and logo certification mark program, for non-governmental emission reductions projects in the Clean Development Mechanism (CDM), the Voluntary Carbon Market and other climate and development interventions. It is published and administered by the Gold Standard ...
One carbon credit represents a reduction, avoidance or removal of one metric tonne of carbon dioxide or its carbon dioxide-equivalent (CO 2 e). A variety of greenhouse gas reduction projects can qualify for offsets and credits depending on the scheme. Some include forestry projects that avoid logging and plant saplings, [1][2] renewable energy ...
Verified Carbon Standard, the Gold Standard, Climate Action Reserve and the American Carbon Registry are among the leading certification organizations doing this work. [87] Project developers, brokers, auditors, and buyers are the other main types of participants. [88]
A carbon accounting standard and organisation. The Verified Carbon Standard (VCS), formerly the Voluntary Carbon Standard, [ 1 ] is a standard for certifying carbon credits to offset emissions. [ 2 ][ 3 ] VCS is administered by Verra, a 501 (c) (3) organization. [ 4 ] Verra is a certifier of voluntary carbon offsets. [ 5 ]
In recent times and in an attempt to highlight the drawbacks of carbon offsetting schemes, the term "emission reduction" or "certified emission reduction" is used to design common carbon offsets that may be certified by organizations such as Gold Standard or Verra. [8] [9] [10]
Voluntary Emission Reduction. Voluntary Emission Reductions or Verified Emission Reductions (VERs) are a type of carbon offset exchanged in the voluntary or over-the-counter market for carbon credits. [1] Verified Emission Reductions are usually certified through a voluntary certification process. [2]
The Clean Development Mechanism (CDM) is a United Nations -run carbon offset scheme allowing countries to fund greenhouse gas emissions -reducing projects in other countries and claim the saved emissions as part of their own efforts to meet international emissions targets. It is one of the three Flexible Mechanisms defined in the Kyoto Protocol.
Carryover credits. (Redirected from Carryover Credits) Carryover Credits (Kyoto carryover credits) are a carbon accounting measure by which nations count historical emission reductions that exceeded previous international goals towards its current targets. [1] In essence, carryover credits represent the volume of emissions a country could have ...
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