CSA, World Energy Offer Exchange Services to GHG CleanProjects Registry Clients
April 26, 2009 // Published as a news service by IHS
The Canadian Standards Association (CSA) and World Energy Solutions Inc. will collaborate to enable the latter to offer its exchange services to owners of verified emissions reductions and removals (VERRs) registered on CSA's greenhouse gas (GHG) CleanProjects Registry.
"CSA's collaboration with World Energy will help advance climate change solutions and provide value-added services to CSA clients of the GHG CleanProjects Registry," said Suzanne Kiraly, president of standards at CSA.
"The collaboration agreement will allow World Energy to market its services directly to CSA clients with VERRs listed on CSA GHG CleanProjects and will provide CSA clients the option to work directly with World Energy and use the services of the World Green Exchange to sell their VERRs," she said.
The World Green Exchange is a marketplace that enables buyers and sellers of carbon commodities to do business together.
Working with standards bodies, registries, consultants and project developers, the World Green Exchange is touted as streamlining the procurement process, according to CSA.
World Energy and CSA will work in cooperation to contact VERR owners and project proponents to raise awareness of the World Green Exchange, where they will be able to offer VERRs for sale to interested parties.
The World Green Exchange is designed to provide a price discovery mechanism that enables buyers and sellers to see what the market will command in real time, experts said. This helps World Energy Exchange customers procure electricity and natural gas.
The GHG CleanProjects Registry provides a portal to report and showcase GHG emission reductions or removals. It is accessible online with a mandate relating to the listing and delisting of GHG projects and resulting VERRs, according to CSA.
Through its serialization engine, the GHG CleanProjects Registry tags each ton of verified emission reductions and removals with a unique serial number.
The process is based on the International Organization for Standardization (ISO) 14064-2 Part 2 standard for GHG inventory and reporting, which specifies principles, requirements and provides guidance at the project level for quantifying and reporting activities intended to cause GHG emission reductions or removal enhancements.
Clients of CSA's GHG CleanProjects Registry will not be required to endorse, accept or engage the services of World Energy, according to CSA.
CSA will not be involved in any transactions between World Energy and a CSA client including facilitating trades of VERRs, will not receive any information on prices or volume or any other trading-related details that are not otherwise available to the public and will not earn any revenue as a result of a successful or unsuccessful transaction through the platform provided by World Energy.
Source: Canadian Standards Association (CSA).