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The Gold Standard logo. The Gold Standard (GS), or Gold Standard for the Global Goals, is a standard and logo certification mark program, for non-governmental emission reductions projects in the Clean Development Mechanism (CDM), the Voluntary Carbon Market and other climate and development interventions.
Verra was developed in 2005. It is a widely used voluntary carbon standard, which also offers specific methodologies for REDD+ projects. [92] As of 2020, there had been over 1,500 certified VCS projects covering energy, transport, waste, forestry, and other sectors. [92] In 2021, Verra issued 300 MtCO 2 e worth of offset credits for 110 projects.
Voluntary Emission Reductions or Verified Emission Reductions (VERs) are a type of carbon offset exchanged in the voluntary or over-the-counter market for carbon credits. [1] Verified Emission Reductions are usually certified through a voluntary certification process.
The standards can be combined with a carbon accounting standard, such as, the CarbonFix Standard (CFS), the Clean Development Mechanism (CDM) or the Voluntary Carbon Standard (VCS). The Standards, now managed by the non-profit Verra, have been applied to nearly 200 projects, over 50 of which have achieved full verification. [6]
Verified Carbon Standard, the Gold Standard, Climate Action Reserve and the American Carbon Registry are among the leading certification organizations doing this work. [87] Project developers, brokers, auditors, and buyers are the other main types of participants. [88]
The Verified Carbon Standard (VCS), formerly the Voluntary Carbon Standard, [1] is a standard for certifying carbon credits to offset emissions. [2] [3] VCS is administered by Verra, a 501(c)(3) organization. [4] Verra is a certifier of voluntary carbon offsets. [5]
Standards for carbon offsetting include the Gold Standard, developed by charities such as WWF, and the Voluntary Carbon Standard developed by The Climate Group. Cookstove projects: In 2009, ClimateCare partnered with Impact Carbon and registered the first voluntary Gold Standard cookstove project. This project creates a market for fuel ...
By 2012, CO2balance had started to implement energy-efficiency projects under the Gold Standard, VCS and CDM carbon standards, with a particular focus on fuel efficient cookstoves and safe water technology. In 2013 CO2balance registered the first multi-country programme of activities (PoA) for micro-scale projects under the Gold Standard. [13]