GS VER definition
GS VER means a unit Issued by the Gold Standard equal to one metric tonne in carbon dioxide equivalent reduced, avoided, removed or sequestered by a project or program of activity, as measured, reported and verified in accordance with the Gold Standard Rules.
Examples of GS VER in a sentence
This registry provides account holders with a system that tracks all certified projects, and enables trading of Gold Standard Voluntary Emissions Reduction credits (GS VER) around the world.
Only eligible project activities that have been duly registered with the Gold Standard as GS CDM, GS JI, or GS VER projects and that have complied with all applicable steps set out in the Gold Standard Toolkit are eligible for Gold Standard crediting.
VER project activities must use either an approved UNFCCC CDM methodology or a GS VER methodology to be eligible for Gold Standard registration (see section T.2.2 for applicable methodologies).