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The Gold Standard is an independent, NGO backed tool to service the carbon market.
It is owned by the network of non-governmental organisations that helped to design it and that, through endorsement of the Gold Standard`s principles, have committed themselves to implementing the Kyoto protocol in the spirit of true emission reductions and sustainable development.
Physically located at BASE [Basel Agency for Sustainable Energy] in Basel, Switzerland, it is run by a director appointed by the Gold Standard Steering Committee. The independent experts of the Standard Advisory Board give technical and strategic support in methodological issues.
The Gold Standard is a non-profit organisation funded by
public and private donors.
Kyoto and the flexible mechanisms
The Kyoto Protocol stipulates that overall, industrialised countries must reduce their GHG emissions 5% below 1990 levels by 2008-12. With this in mind, three flexible mechanisms were designed: Emissions Trading, Joint Implementation [JI] and the Clean Development Mechanism [CDM].
These mechanisms are based on the same idea: industrialised countries and their companies can achieve their reductions by counting reductions in other parts of the world if it is cheaper to do so towards their national targets.
There are three main differences between the CDM and JI:
JI funds projects between Annex 1 countries, while CDM funds projects in developing countries that do not have any Kyoto commitments.
Credits that are generated by CDM projects before the period of 2008-2012 can be counted as reductions in that five-year period.
The CDM is specifically intended to assist sustainable development, unlike JI.
An Executive Board was established to oversee the CDM. The Board is responsible for the rules governing the project and providing guidance on their interpretation. The Executive Board also accredits a project, which allows it to begin generating carbon credits, and approves the issuing of credits. Projects eligible must be additional to the baseline, i.e. should not have occurred in the absence of the CDM, in order to not increase the total net emissions.
The CDM is also meant to promote sustainable development in the host countries. The decision on whether a specific project is sustainable is left to the discretion of the host country`s sustainable development strategy. The Gold Standard sets a framework and gives guidance on this process, that has a crucial impact on the quality and sustainability of projects credited for.
It is owned by the network of non-governmental organisations that helped to design it and that, through endorsement of the Gold Standard`s principles, have committed themselves to implementing the Kyoto protocol in the spirit of true emission reductions and sustainable development.
Physically located at BASE [Basel Agency for Sustainable Energy] in Basel, Switzerland, it is run by a director appointed by the Gold Standard Steering Committee. The independent experts of the Standard Advisory Board give technical and strategic support in methodological issues.
The Gold Standard is a non-profit organisation funded by
public and private donors.
Kyoto and the flexible mechanisms
The Kyoto Protocol stipulates that overall, industrialised countries must reduce their GHG emissions 5% below 1990 levels by 2008-12. With this in mind, three flexible mechanisms were designed: Emissions Trading, Joint Implementation [JI] and the Clean Development Mechanism [CDM].
These mechanisms are based on the same idea: industrialised countries and their companies can achieve their reductions by counting reductions in other parts of the world if it is cheaper to do so towards their national targets.
There are three main differences between the CDM and JI:
JI funds projects between Annex 1 countries, while CDM funds projects in developing countries that do not have any Kyoto commitments.
Credits that are generated by CDM projects before the period of 2008-2012 can be counted as reductions in that five-year period.
The CDM is specifically intended to assist sustainable development, unlike JI.
An Executive Board was established to oversee the CDM. The Board is responsible for the rules governing the project and providing guidance on their interpretation. The Executive Board also accredits a project, which allows it to begin generating carbon credits, and approves the issuing of credits. Projects eligible must be additional to the baseline, i.e. should not have occurred in the absence of the CDM, in order to not increase the total net emissions.
The CDM is also meant to promote sustainable development in the host countries. The decision on whether a specific project is sustainable is left to the discretion of the host country`s sustainable development strategy. The Gold Standard sets a framework and gives guidance on this process, that has a crucial impact on the quality and sustainability of projects credited for.
Contributors to this Page
I am not sure what is your connection to the Gold Standard, but you are the only person I see listed in the WiserEarth Gold Standard group. I hope to make a connection as I have both a very good idea and maybe enough resources to make it real. Certainly I am way beyond the dabbling stage.
My idea is a network of global Gold Standard CDM project teams connected via WiserEarth who have access to a virtual workplace, tools, process and methods AND the money to support them in their work.
I have been building a virtual workplace for over a decade. My inspirational roots for this go way back to Stewart Brand and the Original Whole Earth Catalog (1969). My life's work has been to build a platform that can support the team formation, project management and time tracking that is essential to the economic viability of virtual teaming. I see the toolkit and models in the Gold Standard as a foundation for creating the process and administrative models to bring organizational momentum to dispersed project teams - and I see the networking tools of WiserEarth as being the way to facilitate the formation of teams composed of people with complimentary competencies, skills and passions.
We have built a model for working online that mirrors the way people work in a physical workplace. See www.iPrismGlobal.com and www.GreenPortal.org for context.
We also have a direct association with www.ni.com in which instrumentation, simulations based on science and engineering principlals, and credibile data modeling can be made available to teams both on the ground and on the cloud.
My hope is to engage Paul Hawkin and others in WiserEarth in first a discussion and then in building a conceptual model that can be a template for how this global network of Gold Standard CDM teams can work with utility companies, local governments, cooperatives, and private enterprise.
I have a presentation to make to www.cipco.net on September 5th - in which I have a rough model of how such a network of CDM team scan be formed in Iowa - I will suggest the Gold Standard as the organizational model for theses teams. So there is an immediate practical focus for me in moving my idea forward. I also have a project with the State of Iowa with a very high visibility and can see how the conceptual model I have been describing might be presented to a potential for lauching on a larger scale -
Please let me know if you are interested and abl eto help me in this - or if you can help me find others who have a similar vision - and the resources to make it real.