Voluntary Carbon Standard

How do we know that when purchasing carbon offsets we are getting what we paid for?

One attempt to answer this question is the Voluntary Carbon Standard (PDF) which has just been released. Website with related documents here. I haven't read this yet, but if you do, let me know what you think...is this a reasonable system?

[UPDATE] The WWF don't approve (PDF, Article)
[UPDATE] The WWF/FOE/Greenpeace Gold Standard would be my recommendation for personal offsets.

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