NGO Activist Award

Share

Gold Standard Foundation (Cambridge, Mass.) for achieving market leadership as a certifier of high-quality carbon offsets. To date, there are over 500 projects in the Gold Standard pipeline, according to the foundation which was founded in 2003 by the Worldwide Fund for Nature and other NGOs in response to criticism of the Clean Development Mechanism. To qualify for the Gold Standard seal, project developers must use renewable energy or energy efficiency technologies, meet strict additionality standards and show they're positively impacting the local community. These are valued by carbon buyers who have rewarded Gold Standard projects with price premiums. According to 2009 market data in Ecosystem Marketplace's 2010 carbon markets report, Gold Standard offsets fetched the second highest price premium among voluntary offset certification regimes behind Greenhouse Gas Friendly, a pre-compliance certification regime established by the Australian government.