REGULATIONS
Certification of the "tradeable objects" is our prime focus. For forests and forest products (including carbon credits) our emphasis will be on the grower to show that these objects are real and have been developed in accordance with the appropriate ISO standards. The carboncredex.com database will employ advanced GIS and imaging software together with appropriate certification from a ISO 14000 and EMAS auditor, issue a certificate that guarantees those particular "tradeable objects". This certificate acknowledges the legal ownership of the "tradeable objects".
The Guiding Principles of carboncredex.com are that the Emission reduction credits will be real, surplus, retrospectively quantifiable, verifiable and unique.
All actions taken by all parties operating on the carboncredex.com will comply with the letter and intent of all laws and regulations both of their local, national and international jurisdictions.
As a service, carboncredex.com will increasingly, identify issues related to trading among emitters from different industries and different jurisdictions.
The CARBONCREDEX Register tracks the creation, transfer, use and retirement of credits traded on the exchange. These records will be available to determine:
Present ownership or initiators and owner of emissions reductions in a geographic area/region.
Initiator and owner of emission reduction processes.
What reductions are still available and who owns them?
When were reductions created, transferred, used, or retired and who owns them?
Where were the reductions created (precise geographic location)?
Where were the reductions used (precise geographic location)
How were reductions created or used (precise geographic location)?
How many reductions were created, transferred, used, or retired (precise geographic location)?
How many reductions are still available (precise geographic location)?
The expertise available to carboncredex.com has enabled the development of its own reporting and certification system. The "Register" will enable these and any additional criteria to be fulfilled to the current and future requirements of compliance.
A CarbonCredEx.com Certificate of Compliance will be issued to the purchaser of the sequestered carbon.