Validated Carbon Credits. Where Profits & Ethics Unite. WHAT ARE CARBON CREDITS?.
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Where Profits & Ethics Unite
This means that the credit must represent a true reduction emission over and above the normal “business as usual” scenario.
The 2 objectives in the compliance market are to reduce the emissions and contribute to sustainability and the voluntary market, driven by buyers who are concerned with price and value, are often even more sensitive to this.
An independent, objective third party must verify or validate the project to confirm it has genuinely reduced emissions. These are usually carried out by various large, international organisations accredited to the UNFCC or professional, often globally recognised, accounting / auditing and consulting firms.
This is a key area of concern for anyone purchasing a VER in order to make sure that it has not been “double sold.” Therefore it should be officially registered on one of the recognised, central public registries.
“Carbon Trading is one of the fastest growing specialities in Financial Services.”
“Carbon will be the world’s biggest commodity market & it could become the world’s biggest market overall”
“Carbon trading may dwarf that of crude oil within 5 years, worth 2 trillion”
“There is no better potential driver that pervades all aspects of our economy than a new energy economy... That’s going to be my No. 1 priority when I get into office”
“JPMorgan isn\'t alone. All the big global investment banks including Barclay‘s, Citigroup, Goldman Sachs and Merrill Lynch are hurrying into carbon finance”
“Carbon could become one of the fastest growing markets ever, with volumes comparable to credit derivatives inside of a decade“
“United Nations Carbon Credit prices may rise as much as 42% by 2012”