Examples of Verra Registry in a sentence
The Verra Registry is responsible for ensuring that all required project and program documents have been submitted to Verra; issuing and maintaining accounts of VCUs for accountholders; ensuring the seamless flow of VCUs throughout the entire Verra Registry system; tracking and reporting the deposit/withdrawal of buffer credits to/from the centrally managed AFOLU pooled buffer account and jurisdictional pooled buffer account; and maintaining custody and records of VCU legal ownership.
In the case of a buyer of Verra VCS credits on Carbon Trade eXchange, the purchased credits can either be bought to transfer to the buyers Verra Registry account, held or retired in CTX’s escrow Verra Registry account.
All VCU issuance and retirement records are publicly available on the Verra Registry.
One of Verra’s roles is in respect of overseeing and ensuring the integrity of projects, programs, and VCUs in the Verra Registry system.
This requires additional processes and coordination whereas one part of this is that the buyer registers to the Verra Registry.