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:
“Essential truth, the truth of the intellectualists, the truth with no one thinking it, is like the coat that fits tho no one has ever tried it on, like the music that no ear has listened to. It is less real, not more real, than the verified article; and to attribute a superior degree of glory to it seems little more than a piece of perverse abstraction-worship.”
—William James (1842–1910)
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—Ralph Waldo Emerson (1803–1882)