VER (Verified Emission Reduction)

VER is carbon credit which is voluntarily traded outside of the Kyoto Protocol compliance regime. Most VERs are generated from pre-registration CDM projects, which require third-party verification and standardization. The most common standards are Gold Standard and Voluntary Carbon Standard. Procedure up to issuance is much simpler, faster, and less rigorous than regulatory schemes. Offsetting VERs helps to establish sustainable development of local communities and corporate social responsibilities.

VER is traded in OTC markets as well as in exchange such as CCX (Chicago Climate Exchange) for spot and futures transaction.