| Voluntary Schemes | | Print | |
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Voluntary markets for emissions reductions that are not compliant with the Kyoto protocol, for sale to corporations and individuals who want to offset their emissions for non-regulatory purposes. Emissions offsets in this latter category are verified by independent verifiers, but are not certified by a regulatory authority for use as a compliance instrument, and are commonly referred to as Verified Emission Reductions (VER's). Voluntary markets for emissions reductions that are not compliant with the Kyoto protocol, for sale to corporations and individuals who want to offset their emissions for non-regulatory purposes. Emissions offsets in this latter category are verified by independent verifiers, but are not certified by a regulatory authority for use as a compliance instrument, and are commonly referred to as Verified Emission Reductions (VER's).
Other than these formalised voluntary schemes, a retail market exists consisting of small project-based emissions reductions (not for compliance or trading). These are difficult to monitor in terms of traded volumes. |