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An offset project is designed by project developers, financed by investors, validated by an independent verifier, and registered with a carbon offset program. Official registration indicates that a program has approved the project and that the project is eligible to start generating carbon offset credits once it starts. [116]
In August 2006, TerraPass began selling airplane emission offsets through Expedia. [4] Expedia offsets are intended to offset the specific flight(s) booked through the travel site. In January 2007, TerraPass partnered with uShip.com to provide a "TerraPass Certified Green Provider Program" to shipping companies wishing to do so. [5] [6] [7]
Certified emission reduction units (CERs) by country of origin October 2012 Certified emission reduction units (CERs) monthly spot prices 2012. Certified emission reductions (CERs) originally designed a type of emissions unit (or carbon credits) issued by the Clean Development Mechanism (CDM) Executive Board for emission reductions achieved by CDM projects and verified by a DOE (Designated ...
WASHINGTON (Reuters) -The U.S. government unveiled rules to govern the use of voluntary carbon credits on Tuesday, seeking to boost confidence in a nascent market after some high-profile offset ...
Emissions reduction currency is also different from a voluntary carbon offset where a payment is made, typically to fund alternative energy or reforestation, the emissions reduction or sequestration resulting from which is used to reduce or cancel the payers responsibility for emissions produced by themselves. The value of an offset is in its ...
Though the details can get complicated, the idea behind carbon offsets is simple: Any person or company that creates emissions can pay money to promote projects — like forest protection, green ...
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