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Displaying 201 - 207 of 207 Terms

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1. Voluntary Carbon Market

   Voluntary markets are markets in which buyers and sellers engage in transactions on a voluntary basis (i.e. not because they are forced to trade by regulation). Generally businesses and/or individual consumers engage in voluntary markets for reasons of philanthropy, risk management and/or in preparation for participation in a regulatory market.

2. Voluntary Carbon Standards (VCS)

   The Voluntary Carbon Standard (VCS) is a full-fledged carbon offset standard. It focuses on GHG reduction attributes only and does not require projects to have additional environmental or social benefits. The VCS 2007 is broadly supported by the carbon offset industry (project developers, large offset buyers, verifiers, projects consultants). VCS approved carbon offsets are registered and traded as Voluntary Carbon Units (VCUs) and represent emissions reductions of 1 metric tonne of CO2.

3. Voluntary Gold Standard

   A voluntary standard, launched in May 2006 by WWF-UK and endorsed by 45 environmental NGOs. It is a simplified version of the CDM Gold Standard and is only available for projects in developing countries.

4. Voluntary Offset Standard or VOS

   The Voluntary Offset Standard (VOS) is a carbon-offset screen that accepts other standards and methodologies using certain screening criteria. It currently accepts Gold Standards VER projects and projects that employ CDM procedures but which are implemented in countries that have not ratified the Kyoto Protocol and are therefore not eligible for Clean Development Mechanism.

5. Voluntary standard

   Any standard that aims to ensure the quality of carbon credits in the voluntary carbon market. It sets various requirements for project developers, such as third-party verification and measures to avoid double counting of carbon offsets, e.g. the use of registries.

6. Western Climate Initiative (WCI)

   The Western Climate Initiative or WCI is an initiative - started by states and provinces along the western rim of North America - to combat climate change caused by global warming, independent of their national governments.

7. World Commission on Dams Guidelines

   Guidance that describes how hydropower projects should ensure environmental and social sustainability. According to the EU Linking Directive, hydropower projects with capacity in excess of 20 MW must comply with this guidance.

Displaying 201 - 207 of 207 Terms

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