NEW YORK-- The Bank of New York Mellon, the global leader in asset management and securities servicing, has been appointed by the Voluntary Carbon Standard Association to be a Voluntary Carbon Unit (VCU) registry provider as part of the association's new registry system to be launched later this year.
In its role as registry, the company will issue, hold, trade and retire VCUs representing greenhouse gas reduction or removal on behalf of registry participants.
The new registry system is a critical component in the ongoing development of the Voluntary Carbon Standard and the processes for the
voluntary carbon offset market, allowing participants who wish to transfer and retire VCUs to do so via a secure and transparent infrastructure.
In 2006 The Bank of New York Mellon launched a global registrar and custody service to facilitate trading of VCUs, responding to market demand
for services to support the voluntary reduction of greenhouse gas emissions.
The Bank of New York Mellon
www.bnymellon.com
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