APX Links International Greenhouse Gas Transaction Registries.Cross-Market Capabilities Link the Voluntary Carbon Standard and Climate Action Reserve SANTA CLARA, Calif. -- APX APX Approximately APX ascorbate peroxidase APX Amsterdam Power Exchange APX Automated Power Exchange APX Alt Preset Extreme (MP3 encoding preset) APX Average Page Exposure APX Ateliers de Puteaux APX Airborne Radar Transponder , Inc., the leading infrastructure provider for environmental and energy markets, today announced that the company will enable the linking of U.S. and international carbon offset registries to give market participants increased flexibility and ease of use, further facilitating the transparency and efficiency of carbon markets. The initial cross-system integration will occur between the Voluntary Carbon Standard (VCS (1) (Verilog Computer Simulator) See Verilog. (2) (Version Control System) See version control. ) Registry and the Climate Action Reserve of the California Climate Action Registry The California Climate Action Registry was established by California statute as a non-profit voluntary registry for greenhouse gas emissions. The purpose of the Registry is to help companies and organizations with operations in the state to establish GHG emissions baselines (CCAR CCAR Central Conference of American Rabbis CCAR Coordinating Committee for Automotive Repair CCAR Connecticut Community for Addiction Recovery CCAR Compact Car CCAR Colorado Center for Astrodynamics Research CCaR Comprehensive Cost and Requirement ). APX provides registry technology and services for both programs. APX has developed and operates a state-of-the-art VCS Registry enabling issuance, transfer, tracking, retirement and custodial services for Voluntary Carbon Unit (VCU) credits worldwide. As an approved program of the VCS, projects using CCAR protocols in the Climate Action Reserve can choose to have issued Climate Reserve Tonnes (CRT (1) (C RunTime) See runtime library. (2) (Cathode Ray Tube) A vacuum tube used as a display screen in a computer monitor or TV. The viewing end of the tube is coated with phosphors, which emit light when struck by electrons. ) converted to VCUs, if desired, depending on their use in the marketplace. "We are very pleased that APX is providing VCS Registry services and the central VCS Project Database," said Gary Gero, President of the California Climate Action Registry. "As a result, market participants in the Climate Action Reserve can now easily select the most appropriate credit type based on their intended use. This provides our stakeholders with greater flexibility than any other program in the U.S." "APX continues to implement technology infrastructure that enables carbon market buyers and sellers to more easily participate in the global carbon market," said Brian Storms, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of APX. "Providing linkage between the Climate Action Reserve and VCS Registry systems is just one of the exciting approaches we are taking to address increasing market demand for flexibility and improved liquidity." About APX Inc. APX is the leading infrastructure provider for environmental and energy markets in renewable energy and greenhouse gases including carbon commodities. Providing a bank and mint for environmental commodities, APX solutions are trusted to create, track, manage, and retire renewable energy certificates Renewable Energy Certificates (RECs), also known as Green tags, Renewable Energy Credits, or Tradable Renewable Certificates (TRCs), are the property rights to the environmental benefits from generating electricity from renewable energy sources. (RECs), energy efficiency and conservation certificates, carbon offset credits such as verified emissions reductions (VERs), and greenhouse gas emission allowances. The company provides the solution of choice for every major renewable energy market in North America and greenhouse gas markets worldwide. APX also delivers technology, strategic consulting, and expert operational services to assist wholesale power market participants reduce costs and improve performance in power scheduling, settlement, market operations, system operations support, and demand response programs. APX is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . www.apx.com |
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