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Comparison Table 2: Market Size and Scope
(last updated Jan 2011)
Read about Market Size and Scope
Name of Program |
Tradable Unit Name and Acronym |
Participants/Buyers |
Unit of Measurement |
Offset Registry Information |
Kyoto offset mechanisms |
||||
Clean Development Mechanism |
Certified Emissions Reduction (CER) |
Public and private entities in Annex-1 countries; other entities may use/retire them under voluntary offset programs |
metric ton |
|
Joint Implementation |
Emissions Reduction Unit (ERU) |
Same as CDM |
metric ton |
|
Mandatory cap-and-trade systems |
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Alberta-Based GHG Reduction Program |
Alberta-based offset credit |
Compliance entities in the province |
metric ton |
|
Australian Carbon Pollution Abatement Scheme |
Under development |
Under development. Expected to be compliance entities in the nation |
metric ton |
n.d. |
Canada’s Offset System for Greenhouse Gases |
Offset credit |
Compliance entities in the nation and/or for the voluntary market |
metric ton |
n.d. |
European Union Emissions Trading Scheme |
EU Allowances (EUA) and CERs and ERUs |
Public and private entities within the jurisdiction of the EU-ETS |
metric ton |
EU ETS Registries |
Midwest Greenhouse Gas Reduction Accord |
Under development |
Under development. Expected to be compliance entities in the region |
Not yet specified |
n.d. |
New South Wales Greenhouse Gas Reduction Scheme |
NSW GHG Abatement Certificates (NGACs) |
Compliance and elective entities in the state |
metric ton |
|
Regional Greenhouse Gas Initiative |
RGGI Allowances (RGGA) and |
Compliance entities in the RGGI regions |
short ton |
|
Western Climate Initiative |
Under development |
Under development. Expected to be compliance entities in the region |
Not yet specified |
n.d. |
Other mandatory GHG systems |
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State power plant rules (OR, WA, MA) |
OR: CO2 offsets |
Compliance entities in the state |
short ton |
Oregon program funds managed by the Climate Trust |
WA: Carbon credits |
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MA : GHG Credits |
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British Columbia Emission Offset Regulation |
Emission reductions and removals |
Provincial public sector organizations |
metric ton |
|
Voluntary standards (read about standards versus programs) |
||||
WBCSD/WRI GHG Protocol for Project Accounting |
N/A |
N/A |
N/A |
N/A |
ISO 14064 |
N/A |
N/A |
N/A |
N/A |
Voluntary programs |
||||
American Carbon Registry |
Emission Reduction Tons (ERTs) |
Corporate pre-compliance buyers, hedge funds, carbon retailers and non-profits. |
metric ton |
|
| Carbon Fix | ||||
Chicago Climate Exchange |
Carbon Financial Investments (CFI)# |
CCX members and non-members such as offset brokers |
metric ton |
|
Climate Action Reserve |
Climate Reserve Tonnes (CRTs) "Carrot" |
Individuals, nonprofit organizations, government agencies and businesses. |
metric ton |
|
Climate Community and Biodiversity Standards |
N/A |
Individuals, nonprofit organizations, and businesses. |
metric ton |
|
Climate Leaders |
External GHG reductions |
Climate Leaders partners |
metric ton |
n.d. |
Gold Standard |
GS CER and GS VER |
Offset retailers, providers, individuals, organizations and businesses |
metric ton |
|
Green-e Climate Program |
VER and CER |
Carbon offset retailers |
(varies by program certified) |
N/A |
Green-e Climate Protocol for Renewable Energy |
VER |
Offset retailers, individuals, organizations and businesses |
metric ton |
|
| Panda Standard | VER | Chinese businesses and organisations | metric ton | Panda Standard Registry |
Plan Vivo |
Plan Vivo Certificates |
Individuals, nonprofit organizations, and businesses. |
metric ton |
|
Social Carbon Methodology |
Individuals, nonprofit organizations, and businesses. |
metric ton |
||
VER+ |
VER |
Voluntary offset retailers and providers, organizations and businesses. |
metric ton |
|
Voluntary Carbon Standard |
Voluntary Carbon Unit (VCU) |
Voluntary offset retailers and providers, individuals, organizations and businesses. |
metric ton |
|
n.d.: No data readily available
N/A: not applicable
