APX Powers the Voluntary Carbon Standard Registry
13th July 2008
APX Inc., the leading infrastructure provider for environmental and energy markets, today announced that the company has been selected by the Voluntary Carbon Standard (VCS) Association, a leading international standards organization, to develop and manage a greenhouse gas transaction registry.
APX will develop, operate and maintain a state-of-the-art VCS Registry enabling issuance, transfer, tracking, retirement and custodial services for VCU credits worldwide. The Registry supports the VCS Association’s objectives to provide transparency and credibility to the voluntary markets, as well as to enhance business, consumer, and government confidence. In 2007, VCUs represented approximately one third of the voluntary carbon market, making it the most widely used carbon offset standard.
