Monday, September 15, 2008

Gold Standard Registry Experiences Rapid Growth in Carbon Market Projects and Users


http://www.yourrenewablenews.com/news_item.php?newsID=10359

APX, Inc., the leading infrastructure provider for environmental and energy markets and the Gold Standard Foundation today announced that the Gold Standard Registry now includes more than 200 valid greenhouse gas reduction projects in various stages of approval, representing renewable energy and energy efficiency projects in over 30 countries. Of these, approximately 100 projects are far enough in their development as to be publicly posted in the Registry. The Registry, built and operated by APX, manages the full lifecycle of a carbon credit, including creation, serialization, transfers, and retirement, enabling trading of Gold Standard Voluntary Emissions Reductions (VER) credits and Certified Emissions Reductions (CER) credits around the world.

The dramatic growth in adoption of the Gold Standard Registry represents a total potential of approximately 15 million metric tons of carbon equivalents (MtCO2e) per annum. In addition, there are now over 190 account holders, both approved and pending. These users represent major market participants including carbon project developers, UN-accredited Designated Operational Entities validating and verifying projects, brokers and corporations. The Registry ensures the transparency, quality, reliability, and security of carbon commodities for all users and market participants, in accordance with the premium standards set by The Gold Standard Foundation and allows verification of offset claims by both buyers of credits and the public.

“The exciting growth of the Registry in both the number of projects and account holders demonstrates the value associated with Gold Standard carbon commodities in the market,” said Michael Schlup, Director of the Gold Standard Foundation. “The Registry’s ability to ensure that the carbon credits in the Registry are verified, unique and valid provides a high level of trust and transparency for buyers and sellers.”

“The Gold Standard Foundation continues its strong leadership in the carbon market and we are pleased to provide them with a market solution that enables this rapid expansion,” said Brian Storms, Chairman and CEO of APX. “Our trusted market infrastructure easily scales to meet the transaction needs of the market in a secure and cost-effective manner.

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