All Plan Vivo Certificates (PVCs) are issued, transacted and retired on the Markit Registry. By using this third-party registry, PVCs are allocated unique serial numbers, ensuring that there is no double-counting or double-selling of PVCs. It also provides transparency, allowing anyone to view the current stock and retirements made by projects or resellers.

The Markit Registry also lists all Plan Vivo projects and project documentation that is responsible for the issuance of PVCs (PDDs, technical specifications, annual reports and audit reports).

 

What does this mean for buyers?

When buyers purchase PVCs from a project/reseller, the project/reseller retires a respective number of PVCs on the buyer's behalf. This "retirement" represents the action of offsetting, and can be viewed by anyone on the Markit Registry. Since each set of retired PVCs has a unique serial number and a reference to whom they have been retired on behalf of (if desired by the buyer), buyers can publicly find their retired credits on the Markit Registry in the relevant project/reseller account.

Visit the Markit Registry

 

Can I get an account on Markit?

Only those with a Plan Vivo account on Markit can hold, transact and retire PVCs. However, credits can be retired by account holders on behalf of other entities (see "beneficial owner" and the retirement note on the image above as an example). Given this, and that holding a Markit account incurs annual fees (a Fixed Registration fee -$800.00 USD-, and a pro rata Registration Renewal Fee) we do not encourage buyers to seek their own account on the registry, except for in exceptional circumstances. Instead, we recommend that buyers purchase credits from projects or resellers and request that the credits are retired on their behalf.

Sustainability agencies, consultancies, resellers or similar organisations wishing to purchase Plan Vivo Certificates on behalf of individuals and clients, may want to manage their own account and PVCs. If this is the case, we encourage these organisations apply for a Markit Registry account.

Please contact our Carbon Markets Coordinator for more information.