BAR CODE FOR EMISSIONS TRADING

APX Market Standards Accepted by SWIFT for Carbon Markets; New Communications Standards for Environmental Projects and Financial Instruments
Renier Musier, September 9, 2009 (APX, Inc.)

"APX Inc., the leading infrastructure provider for environmental and energy markets… announced two new communications and messaging standards for global environmental markets, the APX Universal Project Number™ (APX UPN) and the APX Environmental Instrument Number™ (APX EIN). The APX UPN provides a globally distinct identifier for carbon and renewable energy projects, while the APX EIN uniquely identifies tradable environmental instruments, including carbon credits, emission allowances, and renewable energy credits. The standards are supported by SWIFT (Society for Worldwide Interbank Financial Telecommunication), the leader in standards and messaging for the financial services industry…"

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"As voluntary and compliance carbon regimes proliferate and evolve to be distinct from the UNFCCC, there is a need for globally distinct project and instrument identifiers…[1] Global voluntary markets with multiple standards continue to develop for credits from pre-CDM projects. The APX UPN and APX EIN will help ensure that such credits and forwards are not double sold and can be reliably tracked and transacted…[2] The US Federal compliance program, as proposed under legislation currently before Congress, calls for up to 1.5 billion international project based offset credits. A mechanism to ensure global uniqueness of projects, related credits, and emission allowances will be required.

"The standards will be available in Q4 2009, and will be deployed with APX’s new portfolio management, contracts, transaction, and risk management services…"