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Verified 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. Verified Emission Reductions are usually certified through a voluntary certification process. Verified Emission Reductions are usually created by projects which have been verified outside of the Kyoto Protocol. One VER is equivalent to 1 tonne of CO2 emissions. Through these schemes, industries and individuals voluntarily compensate for their emissions or provide an additional contribution to mitigating climate change. VERs may be developed and calculated in compliance with one of several VER standards. These set out rules defining how emission reductions are measured. Standards provide assurance for buyers of VERs. At a minimum, all VERs should be verified by an independent third party. See also * CEB VER *Verified Carbon Standard *CDM Gold Standard The Gold Standard (GS), or Gold Standard for the Global Goa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Offset
Carbon offsetting is a carbon trading mechanism that enables entities to compensate for offset greenhouse gas emissions by investing in projects that reduce, avoid, or remove emissions elsewhere. When an entity invests in a carbon offsetting program, it receives carbon credit or offset credit, which account for the net climate benefits that one entity brings to another. After certification by a government or independent certification body, credits can be traded between entities. One carbon credit represents a reduction, avoidance or removal of one metric tonne of carbon dioxide or its carbon dioxide-equivalent (CO2e). 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, renewable energy projects such as wind farms, biomass energy, biogas digesters, hydroelectric dams, as well as energy efficiency projects. Further projects include carbon dioxide rem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Credits
Carbon offsetting is a carbon trading mechanism that enables entities to compensate for offset greenhouse gas emissions by investing in projects that reduce, avoid, or remove emissions elsewhere. When an entity invests in a carbon offsetting program, it receives carbon credit or offset credit, which account for the net climate benefits that one entity brings to another. After certification by a government or independent certification body, credits can be traded between entities. One carbon credit represents a reduction, avoidance or removal of one metric tonne of carbon dioxide or its Global warming potential, carbon dioxide-equivalent (CO2e). 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, renewable energy projects such as wind farms, biomass energy, biogas digesters, Hydroelectric Dams, hydroelectric dams, as well as Efficient energy use, energy ef ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kyoto Protocol
The was an international treaty which extended the 1992 United Nations Framework Convention on Climate Change (UNFCCC) that commits state parties to reduce greenhouse gas emissions, based on the scientific consensus that global warming is occurring and that human-made CO2 emissions are driving it. The Kyoto Protocol was adopted in Kyoto, Japan, on 11 December 1997 and entered into force on 16 February 2005. There were 192 parties (Canada withdrew from the protocol, effective December 2012) to the Protocol in 2020. The Kyoto Protocol implemented the objective of the UNFCCC to reduce the onset of global warming by reducing greenhouse gas concentrations in the atmosphere to "a level that would prevent dangerous anthropogenic interference with the climate system" (Article 2). The Kyoto Protocol applied to the seven greenhouse gases listed in Annex A: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexaflu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CEB VER
CEB VER is a quality standard for the voluntary carbon offset industry created by Commodity Exchange Bratislava. Based on the Kyoto Protocol's Clean Development Mechanism, CEB VER establishes criteria for validating, measuring, and monitoring carbon offset projects with the option to trade carbon credits and use them for surrendering for individuals, organizations or companies that want to be carbon neutral Global net-zero emissions is reached when greenhouse gas emissions and Greenhouse gas removal, removals due to human activities are in balance. It is often called simply net zero. ''Emissions'' can refer to all greenhouse gases or only carbon diox .... Methodologies Methodology expresses the exact calculation of how many carbon credits can be issued for project developers. These carbon credits can be traded at Carbon Place. The first methodology issued under the CEB VER standard was CEB VER Solar. References External links CEB Website VER Registry The VER+ Standard profile on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Verified Carbon Standard
The Verified Carbon Standard (VCS), formerly the Voluntary Carbon Standard, is a standard for certifying carbon credits to offset emissions. VCS is administered by Verra, a 501(c)(3) organization. Verra is a certifier of voluntary carbon offsets. As of 2024, more than 2,300 projects were registered under the Verified Carbon Standard (VCS), spanning various sectors such as AFOLU (Agriculture, Forestry, and Other Land Use), energy, transport, waste, manufacturing industries, and others. These projects have collectively issued over 1.3 billion credits, with more than 776 million credits retired to date. There are also specific methodologies for REDD+ projects. Verra is a program of choice for most of the forest credits in the voluntary market, and almost all REDD+ projects. Verra was developed in 2005 when the company Climate Wedge and its partner Cheyne Capital designed and drafted the first version (version 1.0) of the Voluntary Carbon Standard. This standard was intended as a q ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CDM Gold Standard
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), thVoluntary Carbon Marketand other climate and development interventions. It is published and administered by the Gold Standard Foundation, a non-profit foundation headquartered in Geneva, Switzerland. It was designed with an intent to ensure that carbon credits are real, verifiable, and that projects make measurable contributions to sustainable development. The objective of the GS is to add branding, with a quality label, to carbon credits generated by projects which can then be bought and traded by countries that have a binding legal commitment according to the Kyoto Protocol, businesses, or other organizations for carbon offsetting purposes. History The Gold Standard for CDM (GS-CER) was developed in 2003 by World Wide Fund for Nature (WWF), South-North, and Helio Internati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
