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)
“When General Motors has to go to the bathroom ten times a day, the whole country’s ready to let go. You heard of that market crash in ‘29? I predicted that.... I was nursing a director of General Motors. Kidney ailment, they said; nerves, I said. Then I asked myself, “What’s General Motors got to be nervous about?” “Overproduction,” I says. “Collapse.””
—John Michael Hayes (b. 1919)