Monday, November 19, 2007

New Carbon Offsets Standard Launched

London (TGW) – The Voluntary Carbon Standard (VCS) was launched today, and aims for transparency of the unregulated carbon offsets market.

The standard has been endorsed by the International Organization for Standardization.

“Our research indicates that the VCS will become the leading standard against which all voluntary offset projects are judged,” said Richard Bayon, the director of Ecosystem Marketplace.

Andrei Marcu, President of The International Emissions Trading Association (IETA) and co-chair of the VCS Steering Committee, said: "While the main action must be in regulatory approaches, voluntary actions and offsets have an important role to play, and the VCS will provide them with necessary credibility."

Mark Kenber, Policy Director of The Climate Group and co-chair of the VCS Steering Committee, said: "The Voluntary Carbon Standard means business and consumer buyers can now trust the offsets they buy. Its robust quality assurance will trigger a new global confidence in the voluntary market from corporate buyers, consumers, and policy-makers. The VCS is vital for the environment and for growth of an important global market."

Via :: VCS Press Release