Who We Are
In just a few short years, the Verified Carbon Standard has become the world’s leading voluntary greenhouse gas program. We were founded by a collection of business and environmental leaders who saw a need for greater quality assurance in voluntary carbon markets.
In 2005, our founding partners - The Climate Group, International Emissions Trading Association (IETA) and The World Economic Forum - convened a team of global carbon market experts to draft the first VCS requirements. World Business Council for Sustainable Development (WBCSD) joined the effort soon after. These experts soon formed the VCS Steering Committee, which worked diligently to draft the first and subsequent versions of the VCS Standard. Many of the members of the original steering committee went on to be on our Board of Directors, which now has evolved into a body of 12 members that offers input and guidance to the organization.
By 2008, with the VCS Standard becoming more widely adopted, the Board of Directors named David Antonioli the organization’s first Chief Executive Officer. Soon after in 2009, VCS incorporated in Washington D.C as a non-profit NGO. Today, a growing professional staff with offices around the world manages the ongoing operations and development of the VCS Standard and Program.
This growing staff provides VCS with an unmatched ability to innovate and expand the international carbon market. We rely on expert committees to ensure existing and new requirements reflect state-of-the art knowledge and global best practice. We convene new committees of global experts on a regular basis to guide the development of fresh requirements. With input from our experts, we steadily expand the scope of the Program to respond to the need for new, innovative and trusted carbon accounting tools.
Important Dates in VCS History
|2005||The Climate Group, IETA and the World Economic Forum found VCS and convene a Steering Committee to draft requirements|
|2006||WBCSD joins the effort; VCS Steering Committee drafts and releases the first Voluntary Carbon Standard requirements, VCS Version 1|
|2007||Steering committee develops and releases updated VCS Version 2007 requirements|
|2008||Steering Committee develops and releases version 2007.1, which includes requirements for crediting Agriculture, Forestry and Other Land Use (AFOLU) projects |
|2009||VCS Association incorporated as a non-profit in Washington, DC with a professional staff to oversee VCS operations and development; two dozen proposed methodologies submitted to VCS Methodology Approval Process|
|2010||First VCS methodologies are approved, including the first REDD methodologies; streamlined and updated VCS Version 3 documents are posted for public comment; Steering Committee on Standardized Approaches is convened|
|2011||VCS Version 3 is released for use; VCS changes name to Verified Carbon Standard; VCS signs agreement with Fundación Chile to open up South America office; Advisory Committee on Jurisdictional and Nested REDD+ (JNR) is convened|
|2012||VCS released Version 3 update which includes the groundbreaking JNR framework as well as comprehensive wetlands requirements|
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