Global carbon market standards
Updated: Apr 17
As the world continues to experience the effects of climate change, there has been a growing need to reduce carbon emissions. Carbon markets have emerged as a key tool for achieving this goal. In this article, we will explore some of the global carbon market standards for emissions reduction projects.
1. Gold Standard
The Gold Standard certification is a standard designed to promote sustainable development while reducing greenhouse gas emissions. This standard is recognized globally as one of the highest standards for carbon offset projects. The Gold Standard carbon offsets are based on three principles: environmental integrity, sustainable development, and stakeholder consultation. Gold Standard carbon offsets have been used for a variety of projects, including renewable energy, energy efficiency, and waste management.
2. VCS (Verified Carbon Standard)
The VCS is a widely recognized standard for voluntary carbon offset projects. The VCS was established in 2007 and has since become one of the most widely used standards for projects. It was developed by Verra, a not-for-profit organization founded in 2005 by environmental and business leaders in Washington, DC. The VCS provides guidance on project development, monitoring, and verification. The VCS is used for a wide range of projects, including renewable energy, forestry, and agriculture.
