TerraPass, sellers of carbon offsets, has undergone its first verification report:

Based on an agreement with Center for Resource Solutions (CRS), creator of the Green-e program, this report details our impact for the year, the sales-supply balance and our distribution of offset projects. The good news, in case you’re wondering, is that we passed!

Big deal, you think? Perhaps for this individual company, but it’s quite important that the carbon offsets industry — which seems to be capturing public attention and taking off — establish some shared standards of accountability. TP’s Tom Arnold says:

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We, along with CRS, hope to extend this pilot program into an industry-wide program. That means attracting other industry participants as well as getting feedback on what types of projects qualify for a Green-e like program. The CRS announcement went out this morning and I’m happy to say that NRDC, WRI, Interface Fabrics, climate change experts Seth Baruch and Terry Surles, and others will also participate in a new GHG Advisory Group to help shepherd through a program.

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(Here’s the Green-e press release on the formation of the advisory group.)