Verified Carbon Market
The VER market accommodates all companies and industries not forced to comply with fixed reduction quotas as seen in the compliance market. In this market, VERs are traded ‘Over-The-Counter’ (OTC). Demand in the VER market is fast growing. For example in 2010, 131 million metric tonnes of CO2 were transacted, a 34% increase on 2009, according to Bloomberg.
Read more about this topic: Carbon Credit
Famous quotes containing the words verified and/or market:
“Don Pedro. Officers, what offence have these men done?
Dogberry. Marry, sir, they have committed false report; moreover they have spoken untruths; secondarily, they are slanders; sixth and lastly, they have belied a lady; thirdly, they have verified unjust things; and, to conclude, they are lying knaves.”
—William Shakespeare (1564–1616)
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—Henry David Thoreau (1817–1862)