VER

Verified Emission Reduction (VER) is often refered to as the voluntary Carbon market. VERs are carbon credits developed by carbon offset providers which are not certified.

VERs can be generated from projects which:

• are either based in a country that has not ratified the Kyoto Protocol (e.g. USA) or does not have the infrastructure to support CDM project development;
• have not yet been registered under the CDM;
• fall outside the scope of the CDM;
• are too small to warrant the costs of CDM approval;
• are specifically developed for the voluntary market.