EcoSecurities makes its first APX Registry transfer of Voluntary Carbon Units

(24/03/2009)

EcoSecurities has made its first APX Registry transfer of Voluntary Carbon Units (VCUs) to The CarbonNeutral Company, a carbon offset and carbon management business. These Verified Emission Reductions (VERs), verified to the Voluntary Carbon Standard (VCS) were transferred following the successful registration and issuance of VCUs from a wind project based in India.

The launch of the VCS registries allows for the issuance and electronic transfer of VERs which have been verified to the VCS and have been approved according to the published VCS guidelines. APX was recently announced as being authorised by the Voluntary Carbon Standards Association to issue VCUs and as such provide buyers of carbon credits with unique identification, transparency, authenticity and traceability from origin, issuance and electronic transfer of ownership or retirement of credits as required.

Lisa Ashford, Global Head of Voluntary and New Markets at EcoSecurities stated "The launch of the Voluntary Carbon Standard registries is a landmark for the Voluntary Carbon Market. Being able to electronically hold and transfer Voluntary Carbon Units through a proven registry service is extremely exciting and marks another step forward in the development of the Voluntary Carbon Market, ensuring increased transparency and security for both project developers and buyers of carbon offsets".

Maria Cappelen, Managing Director Carbon Sourcing, The CarbonNeutral Company went on to say “We are enthusiastic about this transfer and congratulate VCSA and APX to have reached this milestone in the evolution of the voluntary carbon market. As advocates of transparency and quality standards, we believe that the VCS Registry is a key market infrastructure that will play a critical role in increasing confidence and liquidity in the market, while lowering barriers for companies to reduce their carbon emissions.”

Brian Storms, CEO and Chairman of APX Inc. stated, “Along with the VCS programme, our market infrastructure serves the Gold Standard and the California Climate Action Registry’s (CCAR) Climate Action Reserve, so our track record and unique ability to manage our client’s carbon asset portfolio ‘under one roof’ are key reasons why the new Registry has been adopted by the majority of global carbon market leaders, such as Ecosecurities and The CarbonNeutral Company. We thank you for your trust in APX and congratulate you on this milestone.”

In addition, EcoSecurities has over 50 voluntary carbon offset projects within its portfolio, verified to a variety of different standards including the Clean Development Mechanism (CDM), the Voluntary Carbon Standard (VCS), the Gold Standard, the Californian Climate Action Registry (CCAR) and Pre-CDM.

Related categories:  Carbon trading   Wind power