NEW VOLUNTARY TRADING MARKET KICKS OFF

APX Launches Voluntary Carbon Standard (VCS) Registry; Extends APX Leadership in Global Carbon, Serving More Than 50% of Voluntary Markets
Reiner Musier, March 17, 2009 (APX)
and
The Voluntary Carbon Markets
Kate Hamilton, Reiner Musier and Milo Sjardin (APX)

"APX Inc., the leading infrastructure provider for environmental and energy markets, … has launched a state-of-the-art greenhouse gas transaction registry and related services for the Voluntary Carbon Standard (VCS) Association, a leading international standards organization. The APX VCS Registry adds to the unparalleled coverage that APX provides for the global carbon markets, including the Gold Standard Registry and the Climate Action Reserve, a program of the California Climate Action Registry."

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"The Registry enables the issuance, transfer, tracking, retirement and custodial services for VCS carbon credits worldwide. It also supports the VCS Association’s mission to ensure quality assurance for the world’s carbon markets through a global program for approval of credible voluntary carbon offsets, or Voluntary Carbon Units (VCUs). APX is also the exclusive solution provider for the VCS Association’s centralized project database that will present information on all VCS projects and issued VCUs, list relevant project-related documents, and track the status of issued VCUs…"

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"The web-based system will create trusted and tradable voluntary offset credits, provide a clear chain of ownership for voluntary offsets that prevents double-counting, and stimulate investments in emissions reductions and low carbon solutions…

"APX [-a privately held company-] is the leading infrastructure provider for environmental and energy markets in renewable energy and greenhouse gases including carbon commodities. Providing a bank and mint for environmental commodities, APX solutions are trusted to create, track, manage, and retire renewable energy certificates (RECs), energy efficiency and conservation certificates, carbon offset credits such as verified emissions reductions (VERs), and greenhouse gas emission allowances. The company is the solution of choice for every major renewable energy market in North America and greenhouse gas markets worldwide…"