The Voluntary Carbon Standard Association (VCSA) launched its global multiple registry system yesterday, which enables greater transparency in tracking and trading of carbon offsets.
However, a highly anticipated component of the system, which would allow offsets to be transferred across registries, has been delayed, due to technical difficulties. If the system is eventually put in place it would keep buyers from having to open multiple accounts with different carbon offset registries.
Nonetheless, the new system is a big step towards standardization in the carbon offsets market and will allow those trading Voluntary Carbon Units (VCUs) to have greater assurance that the credits they purchase aren’t being double sold.
Read full Reuters coverage at the link below.
Loading...