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TZ1 Appointed as Global Registry Partner for Offsetters today
New York, NY - Environmental markets infrastructure provider TZ1 has been selected as the VCS (Voluntary Carbon Standard) registry provider for Offsetters, based in Vancouver Canada.
Offsetters, recognized as Canadaʼs leading supplier of high quality carbon offsets, is the first Canadian company to register with an active VCS registry.
Offsetters offer third party verified projects that allow individuals and organisations to make genuine and permanent carbon emission reductions. All projects created by Offsetters that are approved under the VCS are issued with Voluntary Carbon Units (VCU's) which will be held in the TZ1 Registry.
Morgan McDonald, Offsetters Director of Sourcing, said, "TZ1 Registry makes buying and selling of credits fully secure and transparent to the public. TZ1 had the only offering that met the rigorous standards we had set for a VCS Registry Partner. Offsetters is delighted to be able to offer this level of security and transparency and provide a full end-to-end service for our clients including VCU issuance, holding balances, ownership transfer and retirement when required.”
The voluntary carbon market is the highest growth sector of the carbon market globally and VCS is recognized as the global leader of voluntary carbon standards.
Helen Robinson, Chief Executive, TZ1 Registry, said, “Canada has the opportunity to play a significant role in the reduction of carbon emissions. Offsetters is not just a thought leader but is also helping companies take action. TZ1 is honored to be chosen to play such a significant role in bringing quality carbon assets to the world, and to build the Offsetters value proposition.”
TZ1 Registry will today list Offsettersʼ existing projects as well as future projects that meet the Voluntary Carbon Standard. These will be available to view online at: www.tz1market.com.
About TZ1 TZ1 Limited is an environmental commodities markets infrastructure provider. As the global trend in managing environmental assets moves towards price-based mechanisms, a robust registry is an essential tool to provide transparency and credibility. Only credible and robust financial infrastructure (with inherent flexibility) will best serve this new marketplace. A core part of the TZ1 business is its Registry service, providing critical market capability and giving the necessary comfort to project developers, buyers and the increasingly important investors in these emerging markets. For more information: http://tz1market.com
About Offsetters Offsetters is Canadaʼs premier provider of high quality carbon offsets. Co-Founded in 2005 by Dr. James Tansey, President of Offsetters and Associated Professor & Chair of Business Ethics at Sauder School of Business. Offsetters works with individuals and businesses to calculate, track, reduce, and finally offset their greenhouse gas emissions. Offsetters funds are invested into renewable energy and energy efficiency projects that achieve tangible reductions in greenhouse gas emissions and that would not have taken place without its involvement. For more information, see www.offsetters.ca.
For more information please contact:
Offsetters: Kari Grist, VP Marketing & Business Development: 604.699.2650, kari@offsetters.ca
TZ1 Registry: Lucy McFadden, lucy.mcfadden@tz1market.
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