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VERRA was developed in 2005, and is a widely used voluntary carbon standard. It uses accounting principles based on ISO 14064 Part 2, which are the same as the GHG protocol principles described above. [97] Allowable projects under VERRA include energy, transport, waste, and forestry. There are also specific methodologies for REDD+ projects. [98]
[2] [3] VCS is administered by Verra, a 501(c)(3) organization. [4] Verra is a certifier of voluntary carbon offsets. [5] As of 2020 there were over 1,500 certified VCS projects covering energy, transport, waste, forestry, and other sectors. [6] In 2021 Verra issued 300 MtCO 2 e worth of offset credits for 110 projects.
Verra was developed in 2005. It is a widely used voluntary carbon standard, which also offers specific methodologies for REDD+ projects. [91] As of 2020, there had been over 1,500 certified VCS projects covering energy, transport, waste, forestry, and other sectors. [91] In 2021, Verra issued 300 MtCO 2 e worth of offset credits for 110 projects.
Verification is intended to check that a product, service, or system meets a set of design specifications. [6] [7] In the development phase, verification procedures involve performing special tests to model or simulate a portion, or the entirety, of a product, service, or system, then performing a review or analysis of the modeling results.
The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...
Standard Chartered South Africa, whose full name is Standard Chartered Bank South Africa, often referred to as Stanchart South Africa, is a commercial bank in South Africa. It is a subsidiary of British Standard Chartered and is registered as a Foreign Bank, by the South African Reserve Bank. [1] The bank is a large financial services provider.
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Often called "verifying funds" or "merchant funds verification", it was common practice until the mid-2000s that any business or individual could call the bank where the check was drawn and ask for check verification. The bank would ask for the account number, the name on the check, the amount and the check number and just look up the account.