New carbon offset standard aims for transparency - Reuters

[Eugene]

Source: Reuters

New carbon offset standard aims for transparency
Mon Nov 19, 2007 11:56am EST

LONDON (Reuters) - A new standard for carbon emission
offsets launched on Monday seeks to increase transparency
and quality assurance in the unregulated voluntary market.

The Voluntary Carbon Standard (VCS), one of several sets
of international guidelines introduced recently, aims to
certify the validity of voluntary offsets, or VERs, bought
by consumers and corporations seeking to reduce their
planet-warming greenhouse gas emissions, or 'carbon
footprint'.

The slew of new standards come after allegations of fraud
and double-counting amongst carbon offset venders sent
shockwaves through the carbon market earlier this year.

"The VCS means business and consumer buyers can now
trust the offsets they buy," Mark Kenber, policy director
for environmental consultants The Climate Group, said
in a statement.

-snip-

Read more: http://www.reuters.com/article/environmentNews/idUSL1933146520071119

[razzleberry]

1. new fraud replaces old fraud .n/t