Verified Carbon Standards (VCS) are growing in popularity and will be set to prosper if there is not a dramatic change of opinion by World leaders to continue with the support of the Kyoto Protocol and CDM projects beyond 2012.
Carbon trading outside of the political regimes is operated via VERs (Voluntary Emission Reduction). VERs generally have a broader mix of proejct with a simpler registration process and therefore lowers the cost. All VERs must be of a Verified Carbon Standard (VCS) to qualify.
REDD credits are also cropping up under VCS - REDD in Kenya
http://v-c-s.org/
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