Carbon Registry Caught in Fits and Starts
However, a key component of the registry that would allow carbon offsets to be traded across multiple registries has been delayed because of technical problems, Reuters reports.
Traders of carbon offsets have awaited such a system that would provide transparent tracking and trading of Voluntary Carbon Units (VCUs).
David Antonioli, CEO of the association, said the system will enable companies to know their VCUs aren’t being double-sold and make them more tradable.
The system ideally will allow VCUs to be transferred across registries, a feature that might save buyers from having to open accounts in different registries. However, more news on this feature will not be available at least until April 1, Antonioli said.
A criticism of the carbon offset market is that some offsets have been double-traded. Last April, the California Climate Action Registry launched Climate Action Reserve to create voluntary carbon market standards in the United States.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Anaerobic Digester Project Starts on Long Island, NY
- Seward to Use Resurrection Bay for Heat
- An Iconic Structure Gets Certified Silver By Leeds
- Sioux City, Woodbury County Getting LED Upgrade
- Buzz Oates Group Mounts Big LED Retrofit Project in Sacramento
- ORNL Building Efficiency Software Available as Open Source Code
- General Mills: We’ll Invest $100M to Reduce Greenhouse Gas Emissions
- Oregon Correctional Institution Saves with LEDs