APX Begins Linking U.S. and International Carbon Offset Registries.
APX Inc., an infrastructure provider for environmental and energy markets, today said it will begin linking U.S. and international carbon offset registries to help further the transparency and efficiency of carbon markets.
The initial cross-system integration links the Voluntary Carbon Standard (VCS) Registry and the Climate Action Reserve of the California Climate Action Registry (CCAR).
APX provides registry technology and services for both programs.
APX has developed and operates a VCS Registry providing 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) 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."
Providing a bank and mint for environmental commodities, APX solutions are trusted to create, track, manage, and retire renewable energy certificates (RECs), energy efficiency and conservation certificates, carbon offset credits such as verified emissions reductions (VERs), and greenhouse gas emission allowances.
APX is a privately held company. For information, visit www.apx.com.
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|Date:||Mar 17, 2009|
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