CDC Climat to phase out VCS registry services by end 2012
CDC Climat R & S, one of three VCS registry administrators, will phase out its VCS registry services by the end of 2012. This will have no impact on VCS registry accounts with Markit or NYSE Blue.
CDC Climat R & S informed clients of its decision Monday, setting a deadline of 22 December 2012 for clients to transfer assets to accounts with Markit or NYSE Blue, the two other VCS registry administrators.
The decision followed a strategic review in which CDC Climat decided to reposition its efforts toward projects and businesses that contribute directly to reducing greenhouse gas emissions, CDC Climat told clients.