ABSTRACT
As interest in voluntary carbon markets has grown, stakeholders have identified the need to standardize and certify carbon credits to ensure quality across projects. The Verified Carbon Standard (VCS, formerly the Voluntary Carbon Standard), was developed to satisfy this need. VCS offers a quality assurance system for accounting for greenhouse gas (GHG) emission reductions in the voluntary carbon market. In 2009, VCS credits accounted for more than one-third of all transacted GHG credits verified to a third-party standard globally (Hamilton et al. 2010).
