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The carbon market represents a dynamic national and international marketplace that operates under two main divisions: regulated and voluntary. The regulated market is primarily administered under the protocols of the Kyoto Clean Development Mechanism (CDM) under the secretariat located in Bonn, Germany. The voluntary market is represented by a host of options, notably the Chicago Climate Exchange and the Voluntary Carbon Standard, among others.
Standards for compliance within both the regulated and voluntary market are variable. However, the goal of these standards is to provide conformity in the application of carbon offset finances directed at reducing carbon dioxide from the atmosphere. Offset projects range from replanting or protecting foresty to increasing the uptake of carbon dioxide to funding expansion of non-fossil fuel energy sources. Many projects include programs that target reduction of energy use in home, transportation, business, and electricity production. The Gold Standard was devised to incorporate social and environmental dimensions for carbon offset projects.
Customers are encouraged to read more about the numerous certification and standards programs that operate in the carbon market by inspecting any of these major organizations listed.
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