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The Voluntary Carbon Standard Association (VCSA) has launched a global register of carbon offset projects it says will provide a “cast iron environmental and financial guarantee” for firms seeking to offset their emissions.
The system will provide information about projects approved by the association (EE 20/11/07) and carbon credits issued under the VCS scheme. It consists of a project database and three registries run by firms APX and TZ1, and French investment bank Caisse des Dépôts.
VCSA aims to guarantee that certified offset projects reduce carbon emissions and that emission reductions are measurable, permanent, verified and not double counted. Its scheme is similar to the Kyoto protocol’s clean development mechanism – which produces offsets for the regulated market
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