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Building Trust in the Voluntary Carbon
Market
During the recent GLOBE 2008 Conference & Trade Fair on
Business and the Environment, the GLOBE Foundation announced plans
to launch the GLOBE Carbon Registry this Fall 2009. The registry
will record transactions of carbon offsets that conform to
internationally recognized or other transparently described
greenhouse gas (GHG) quantification standards.
The GLOBE Carbon Registry will provide a facility for many
excellent climate change projects not yet certified to common
standards to display the custom standard to which an offset has
been validated and verified. The intent is to spur the use of
voluntary carbon trading throughout Canada. GLOBE hopes to capture
20% of the carbon registry market with the registry and apply a
unique serial number to each offset. This will ensure market
integrity by avoiding double counting and allowing a chain of
custody control from creation to retirement.
The voluntary carbon market presents a powerful mechanism for
addressing climate change. Through stimulating innovation and
encouraging action throughout many parts of the economy, GHGs can
be excluded from the atmosphere while setting the technological,
financial and educational pre-conditions for avoiding dangerous
human-made climate change.
In creating a mechanism for displaying quality offset projects
of all types, third-party validated and verified to a transparent
standard, and tracking these offsets through the chain of custody,
the GLOBE Carbon Registry will build trust in carbon offsetting and
allow full realization of the potential of the voluntary carbon
market. This will in turn enable customers in the marketplace to
make informed decisions in selecting the offsets and the projects
they wish to support.
CALL FOR INPUT
The GLOBE Carbon Registry is currently seeking stakeholder input
on the creation and design of the registry. Please emailus
to share your suggestions and guidance.
SUBSCRIBE FOR UPDATES
The GLOBE Carbon Registry will go live the Fall of 2009. To
receive development and launch updates, please sign up at
www.globecarbonregistry.com
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