(Barcelona, Spain) – Today, the Verified Carbon Standard (VCS) announced the promotion of William Ferretti to the dual-role of Chief Operating and Financial Officer. Mr. Ferretti had previously served as Director of Market Development and Senior Policy Advisor for the organization. He brings more than two decades of nonprofit as well as private sector executive experience to the position. A search to fill his previous position is already underway.
“Despite the challenging times facing the global carbon market, we are fortunate to see continued growth for the VCS, and I am delighted that Will has stepped up to ensure VCS has the operational and financial structures that will enable the organization to continue to grow,” said VCS Chief Executive Officer David Antonioli. “Will’s experience as both an NGO executive and a market leader will be invaluable moving forward.”
Mr. Ferretti brings more than 20 years of operational and financial management experience, having served as the executive director for the National Recycling Coalition, SeaWeb and Global Legislators Organization for a Balanced Environment (GLOBE). In addition, he served as Vice President for the Chicago Climate Exchange where he represented the Exchange on Capitol Hill. He also holds a PhD in Resource Economics from the State University of New York’s College of Environmental Science and Forestry and Syracuse University. Mr. Ferretti will be based in the VCS Washington, D.C. headquarters.
“One of the key strengths of the VCS lies in the extraordinary team of experts and committed staff that David has been able to assemble both in Washington D.C. and internationally,” said Mr. Ferretti. “There are big challenges ahead for the carbon market and it is with great excitement that I embrace this chance to help provide the organizational infrastructure that will help the team of talented professionals here at VCS to achieve great things that are just beyond the horizon.”
Founded in 2005 by the Climate Group, the International Emissions Trading Association, the World Economic Forum, and the World Business Council for Sustainable Development, the Verified Carbon Standard has become one of the world’s most widely used carbon accounting standards. VCS has revolutionized the market developing trusted and innovative tools, as well as pioneering efforts to develop standardized methods that will streamline the project approval process, reduce transaction costs and enhance transparency. Across the world, projects using the VCS Standard have issued more than 120 million credits.