APX, Gold Standard Foundation Launch Greenhouse Gas Registry

NAW Staff, Wednesday 12 March 2008 - 10:13:43

APX Inc., a platform provider for environmental and energy markets, and the Gold Standard Foundation, which provides a quality label and sets international standards for offset credits in the worldwide voluntary carbon market, have created the Gold Standard VER Registry.

The registry, which will operate on APX's environmental market depository technology, provides account holders with a Web-based system that creates, tracks and enables trading of Gold Standard voluntary emissions reductions (VER) credits around the world. The registry also will serve as the Gold Standard's Clean Development Mechanism/Joint Implementation (CDM/JI) project database to track the certification of emission reductions and emission reduction units.

The Gold Standard VER Registry will manage the full lifecycle of a carbon credit, including creation, serialization, transfers and retirement. The registry also will ensure the transparency, quality, reliability and security of these carbon commodities for the marketplace, in accordance with the premium standards of the foundation.

APX's technology will provide users with comprehensive and easily accessible public reports that will allow them to monitor key information, including the status of VER and CDM/JI projects, details about the issued credits and a listing of retired credits.

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