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:
“To regard the successful experiences which ensue from a belief as a criterion of its truth is one thing—and a thing that is sometimes bad and sometimes good—but to assume that truth itself consists in the process by which it is verified is a different thing and always bad.”
—William Pepperell Montague (1842–1910)
“I respect not his labors, his farm where everything has its price, who would carry the landscape, who would carry his God, to market, if he could get anything for him; who goes to market for his god as it is; on whose farm nothing grows free, whose fields bear no crops, whose meadows no flowers, whose trees no fruit, but dollars; who loves not the beauty of his fruits, whose fruits are not ripe for him till they are turned to dollars. Give me the poverty that enjoys true wealth.”
—Henry David Thoreau (1817–1862)