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.
Energy Manager News
- Clauses to Consider in Green Leases
- Bahama Yacht Club to Generate Power from Solid Waste
- Duke Energy, USF Launch Solar Battery Research Initiative
- Energy Storage Helps Hotel Reduce Demand Charges by 10%
- EU Smart Campus Pilot Achieves 30% Energy Savings
- Uline to Operate 130 GenDrive Fuel Cell Units from Plug Power
- Los Angeles Shopping Center Installs 504 kW Solar
- SustainCo Wins $575,000 Contract for Energy Management Controls