Carbon

Trees may not be the planetary saviors people have been counting on in a warming climate.

California's new Cap and Trade program has been hailed as the gold standard in environmental law for the entire world. Not only are other states looking to the law but other countries, too, are watching to judge its effects on the global economy and environment.

Advocates of burying the world's carbon emissions underground have long pushed for a global price on greenhouse gases.

But their goal appears ever more elusive as nations fail year after year to agree on putting a price to carbon worldwide.

Global demand for carbon credits, especially in Europe for economic reasons, has been declining since 2010.

As part of our ongoing work to ensure all program elements meet or exceed evolving best practice, VCS has determined that several methodologies require minor revisions to conform with latest VCS requirements on standardized methods and the timing of crediting from select carbon pools.