The Climate Group has extended the consultation period for its proposed standard for voluntary carbon credit programmes until the end of this month.
The proposed standard aims to cover those voluntary carbon emission reduction projects not covered by the Kyoto Protocols Clean Development Mechanism (CDM) and the EU Emission Trading Scheme (EU ETS) and help clear up the controversy surrounding corporate carbon offsetting projects.
Critics claim the lack of an international standard is being exploited by some fraudulent greenhouse gas reduction projects that sell more carbon credits than they actually produce, leaving firms mistakenly believing that they have offset all their own carbon emissions.
The proposed certification from The Climate Group and the International Emissions Trading Association will aim to deliver "a certification tool for project based GHG emission reductions that are real, measurable, permanent, additional and independently verified".
In short, agreed international standards will hopefully stop you getting ripped off and buying a carbon credit that has already been sold to someone else, or maybe never existed in the first place.
The latest version of the standard is available for inspection (see link above) and The Climate Group is inviting feedback from interested parties on all areas of the document, but in particular on additionality, project specific vs. performance standard approaches and permanence in LULUCF (Land use, land use change and forestry) projects.
Comments should be sent before the end of the month to [email protected]
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