VCS eases rules for issuing Canada carbon credits

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1 07.30.09 at 1:44 pm

I can’t understand the VCS policy at all. So, because Canada is not meeting Kyoto, there cannot be double selling, so Canadian VERs are possible. And in a country that meets Kyoto VERs cannot take place, because that country can sell it’s AAUs….. Very strange.
Take The Netherlands. Netherlands does not have AAUs to sell; it is short. It is puchasing AAUs, ERUs and CERs. When I do a VER project, and sell it to a Dutch car lease company. That company is ’sponsoring’ a certain amount of Dutch reductions. The GHG Inventory is not that detailed (for example in agriculture projects) that it can identify the project VER reductions in its inventory. Let alone that it will not sell AAUs, cause it is short.
So, in my view in an Annex I country that meets Kyoto you CAN DO VERs, in a project or company that has not a legally binding commitment or subsidy:
1) if done in a project that cannot be identified in national GHFG Inventory;
2) if done in a project that IS identified but not paid for or committed by the government.
In both options there is no double selling, because only once is paid. There is also not double counting in 2) but sponsoring, bacuse the buyer is not purchasing for compliance but as gesture sponsoring climate projects.

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