VCS and Social Carbon Standards at the State of the Voluntary Market

This Wednesday, May 20th, Ecosystem Market Place has launched the final report of the State of the Voluntary Market 2009. VCS and Social Carbon Standards, used by Social Carbon Company for the development of carbon credits projects, presented good news and expectations in this document, which contains information about the carbon credits commercialized in the Voluntary Market during the year of 2008.

The report indicated VCS Standard as the favorite for the OTC Market, increasing 16% of the volumes transacted since 2007. Though with a minor participation in the OTC Market, Social Carbon Standard (visit www.socialcarbon.org) is recognized as one of the most important standards for Voluntary Market, and its partnership with TZ1 Registry anticipates an important increasing of the use of the Social Carbon for the coming years.

Another good news is the price of the credits under Social Carbon Standard, which represented the value aggregated to the use of the Methodology. The combination of both standards, VCS + Social Carbon brings benefits for everyone, ensuring the quality, transparency and reliability of Social Carbon Company credits.

The partnership between TZ1 registry, also responsible for the projects registered under VCS Standard was also pointed out in the report, as you may see in the tables below.

Registry	Affiliated Standard/Exchange	Registry Provider	Transparency	VER-related Fees (US$ unless otherwise specified)	Registry Start Date	Total Projects/VERs Registered*
Social Carbon Registry	Social Carbon Standard	TZ1	Project info public. Some account info public. Listing eligibility requirements clear	Subscription fee: $500/account; Annual fee: $100/user; issuance: $0.02/t; Transaction: $0.5/t; Reporting: free. Retirement certificate: $200; Account closing: $150	2008	5 projects (2008 only)

Standard	Description	Env. & Social Co-Benefits Req'd?	Registry	Geographic Scope	Project Start Date Limits	Fees (US$ unless otherwise specified)	Total Projects/VERs Verified*
Social Carbon Standard	Validation program for offset projects	Yes	TZ1 Registry	South America & Portugal	None	None (only verification fees charged by project verifier)	0.43 MtCO₂e
Voluntary Carbon Standard	Certification for offset project & carbon credits	No	Project Databasel Registry provided by TZ1, APX, and Caiss des Depots	International	On or after 1 January 2000	Issuance: €0.04/tCO₂e	3.6 MtCO₂e
*Source: Ecosystem Marketplace, New Carbon Finance. note Data in table is accurate as og April 2009.*

For more information about the State of the Voluntary Market, click here.

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