Sterling Planet, a provider of renewable energy certificates (RECs) and greenhouse gas (GHG) verified emissions reductions (VERs), announced an agreement to purchase what are believed to be the first VERs from a U.S.-based project to be certified by the Voluntary Carbon Standard (VCS) Program. A VCS-certified VER, known as a Voluntary Carbon Unit (VCU), represents one ton of carbon dioxide equivalent (CO2e) GHG emission reduction or removal.
Under the agreement, Sterling Planet will purchase an undisclosed quantity of VCUs derived from both methane capture and from renewable energy generation at the Greenville County landfill-gas-to-energy project in Greer, South Carolina. The VCUs will become part of Sterling Planet's VER inventory to serve their retail clients in the voluntary carbon offset market. In all, the Greenville project is expected to prevent the emission of 125,000 tons of CO2e per year over the next ten years. Det Norske Veritas (DNV), a risk management company, independently verified the project to the VCS.
Officially launched in November 2007, the VCS program provides a standard for voluntary GHG emission reduction projects and their verification. VCS program registries are scheduled to become operational in September 2008 for the main purpose of managing transfers in the chain of ownership and the retirement of VCUs, to prevent double counting.
News Release - Sterling Planet Announces First Transaction Originating from the First Publicly Announced Voluntary Carbon Standard (VCS) Certified Project in the United States
Stering Planet Contact: Marcus Krembs, 720-946-6373
VCS Program Contact: email@example.com