Environmental Protection & Preservation
APX to Create Registry for Gold Standard Foundation
APX, Inc, a global leader in registration and tracking of emission and renewable energy credits for the fast-growing environmental "cap-and-trade" marketplace, has been selected to develop and manage a greenhouse gas emissions offset registry for the Switzerland-based Gold Standard Foundation.
The Gold Standard Foundation provides a quality label and sets international standards for offset credits and related transactions in the worldwide voluntary carbon market. Set up in 2003 by the World Wildlife Fund, SouthSouthNorth, and Helio International, the organization has the endorsement of over 49 key environmental NGO's around the world.
As the sector's leading provider of infrastructure and technology solutions for offset markets in greenhouse gases, APX will guarantee the transparency, quality, reliability, and security of carbon greenhouse gas emission offsets to meet the exacting standards of the Foundation and investors in the growing global marketplace for tradable emission credits, now valuable economic assets.
John Melby, President and CEO of APX, commented: "This important assignment underscores the rapid global growth of the emissions offset marketplace requiring the high-quality, reliable, and transparent data infrastructure we provide to support voluntary markets and 'cap-and-trade' transactions."
Michael Schlup, Director of the Gold Standard Foundation, added: "We are especially pleased to be working with APX
. We selected APX because of the strength of its trusted platform and its proven track record. We are confident that the APX solution will provide the secure, cost-efficient and easy-to-use solution that the voluntary carbon market is looking for as a sound foundation for further growth."
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.
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