Bank of NY Creates Voluntary CO2 Registry

The Bank of New York has created a voluntary CO2 reduction market. This allows companies to purchase carbon emission credits to offset their own carbon emissions or to provide offset products and services to their customers.

This type of trading is an offshoot of the Kyoto Protocol, but in this case the trading is strictly voluntary. The Bank of NY's program will be validated by the third parties that validate the programs in the Kyoto Protocol.

You can read more about this program here.