To add further rigour and transparency to our offset transactions, Pacific Carbon Trust has selected the Markit Environmental Registry as its registry service provider.

The Markit Environmental Registry assists PCT with:

• providing an independent review of all offset project documents to ensure documentation is complete and compliant in accordance with the Pacific Carbon Trust’s requirements.
• registering qualifying projects under the Pacific Carbon Standard
• listing offsets into the Pacific Carbon Trust registry account;
• serializing those offsets to enable efficient tracking of them and to reduce the risk of double counting; and
• retiring those offsets on behalf of Pacific Carbon Trusts’ public and private sector clients.

Pacific Carbon Standard and Pacific Carbon Units

The Pacific Carbon Standard (PCS) defines the requirements for developing high-quality offsets to be recognized as Pacific Carbon Units (PCU). The PCS is based on the BC Emission Offsets Regulation (EOR) established under the British Columbia Greenhouse Gas Reduction Targets Act. To view the Pacific Carbon Standards requirements and PCU listing process, please visit the Pacific Carbon Standard page.

A PCU is our carbon offset credit that contains all of the financial and environmental benefits associated with the process of greenhouse gas reductions or sequestrations that generated the offset in accordance with the PCS.
The Markit Environmental Registry is the selected registry platform to list, serialize, transfer, retire and report on Pacific Carbon Standard PCUs.

About Markit

Markit is a leading, global financial information services company that provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial market.