Verra is the administrating body of Verified Carbon Standard (VCS) formerly the Voluntary Carbon Standard. It is a standard for certifying carbon emissions reductions. Verra is a non-profit body that sets voluntary carbon credit standards based in Washington the United States.
The Gold Standard (GS) for voluntary offset projects was launched in 2006. It is a standard and certification body that works to catalyze more ambitious action for climate security and sustainable development.
A voluntary carbon credit is a non-mandatory emission reducing credit that can be used offset one’s carbon footprint. These credits are tradeable products that are worth one tonne of carbon dioxide (CO2) emissions reduction per credit.