APX Inc., an infrastructure provider for the renewable energy market, has been selected to develop and manage a greenhouse gas (GHG) emissions offset registry for the Switzerland-based Gold Standard Foundation, which provides a quality label and sets international standards for offset credits and related transactions in the worldwide voluntary carbon market.
APX will guarantee the transparency, quality, reliability and security of carbon GHG-emission offsets to meet the exacting standards of the foundation and investors in the growing global marketplace for tradable emission credits, according to the company.
Once in place, the gold standard registry provided by APX will offer stakeholders easy-to-use, Web-based software that creates, tracks and enables trading of gold standard verification emission reduction (VER) credits. Each reduced metric ton of carbon dioxide equivalent will be recorded and serialized by APX against an emissions baseline and then tracked as VER credits in participant accounts.
