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Carbon Standards

 

When a carbon credit project is being created, it is created with a specific standard in mind. A standard will require the project to meet specific criteria before that project can be verified and the credits be sold. It is a critical aspect of purchasing a carbon credit and it is something that individuals and companies alike need to consider when they buy carbon offsets.

Below is a list of popular carbon standards:

Voluntary Carbon Standard (www.v-c-s.org)
The VCS Program provides a robust, new global standard and program for approval of credible voluntary offsets.

VCS offsets must be real (have happened), additional (beyond business-as-usual activities), measurable, permanent (not temporarily displace emissions), independently verified and unique (not used more than once to offset emissions).

Gold Standard (www.cdmgoldstandard.com)
The Gold Standard Foundation offers a quality label to CDM/JI and voluntary offset projects, fetching premium prices. Renewable energy and energy efficiency projects with sustainable development benefits are eligible. The Gold Standard is endorsed by over 49 non-governmental organizations worldwide. Gold Standard projects are preferred by a range of government and private actors.

Initiated by WWF, SSN and HELIO International the Gold Standard for CDM projects was launched in 2003 after a wide-ranging stakeholder consultation among key actors of the carbon market as well as governments. A methodology for voluntary offset projects was launched in May 2006.

CCBA (www.climate-standards.org)
The Climate, Community and Biodiversity Alliance (CCBA) is a partnership between leading companies, NGOs and research institutes seeking to promote integrated solutions to land management around the world. With this goal in mind, the CCBA has developed voluntary standards to help design and identify land management projects that simultaneously minimize climate change, support sustainable development and conserve biodiversity.

ISO (www.iso.org)
ISO (International Organization for Standardization) is the world's largest developer and publisher of International Standards. ISO is a network of the national standards institutes of 158 countries, one member per country, with a Central Secretariat in Geneva, Switzerland, that coordinates the system. ISO is a non-governmental organization that forms a bridge between the public and private sectors.

On the one hand, many of its member institutes are part of the governmental structure of their countries, or are mandated by their government. On the other hand, other members have their roots uniquely in the private sector, having been set up by national partnerships of industry associations. Therefore, ISO enables a consensus to be reached on solutions that meet both the requirements of business and the broader needs of society.