California Voluntary Carbon Market Disclosures Act (VCMDA) Disclosures Bank of America Corporation and its subsidiaries comprise a global financial services firm (BofA). BofA makes the following disclosures pursuant to The California Voluntary Carbon Market Disclosures Act (VCMDA) requiring businesses to ...
Standard Chartered Bank may, from time-to-time, market, or sell VCOs within the meaning of the VCMDA, within or outside the State of California. Our VCO marketing or sales activities are conducted with respect to VCOs listed on external carbon offset registries and are sold through spot...
All carbon projects need to demonstrate “additionality,” meaning that they could not exist without carbon finance, in order to sell credits. As renewable energy becomes increasingly competitive with other forms of energy, as it has in developed economies, it no long...
Governments can have a registry account with Verra to record their corresponding adjustment transactions transparently, Newcombe said. The carbon registry has the facility to add a corresponding adjustment label to VCUs, meaning they will be in compliance with Paris Agreement commitments. In March, Gold...
"The total value of the market tracked in 2020, $473 million, was the highest annual value since 2012," Ecosystem Marketplace said. "As of Aug. 31, 2021, market transactions had already exceeded $748 million, meaning that this year is highly likely to be the highest value ever tracked,...
He added, “Unfortunately with the carbon market – I use the word ‘market’ loosely of course – it really indicates that you’ve got a situation where there are many buying, but of course there’s no end user essentially, so of course finding someone to buy the unit back from ...
A heuristic is a word from the Greek meaning ‘to discover’. It is an approach to problem-solving that takes one’s personal experience into account. Heuristics provide strategies to scrutinize a limited number of signals and/or alternative choices in decision-making. Heuristics diminish the work...
capacity of host countries to invest in additional mitigation actions for each of the carbon credits they authorize: the ERRs represented by an adjusted carbon credit cannot be counted toward the host country’s NDC, meaning that the country will need...
There is still lack of consensus about the ideal format for a carbon label. A seal of approval type label could be ideal to attract companies in the initial stages which can later be succeeded by an information disclosure based format as more consumers start to understand the meaning of ...
Furthermore, VER certificates are subject to the principle of additionality, meaning that it has been verified during the certification process that the emissions would not have been saved without the project. The revenues from selling the certificates are thus used for implementing climate protection ...