VCS to help eliminate double counting of carbon credits
27th November 2007 by Alex Briggs
The new Voluntary Carbon Standard (VCS) is already starting to raise the credibility of the voluntary carbon market. Clearly stated in the VCS is that a registry will be established to ensure that voluntary carbon units (VCU’s) will not be double counted.
This National Review article highlights the fact that Kyoto Protocol signatory nations will no longer be able to count their carbon credits in both the regulatory and voluntary market.
