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Carbon Offsets... Buyer Beware
Carbon offsets are in. Everybody's doing it. And Wall Street knows it, which is why here and abroad companies from London's Marks & Spencer to Dell Computers are clamoring to make you, too, "carbon neutral." A crowded field of for-profit offset providers have sprung up, promising to do everything from reforesting the California redwoods to building solar powered greenhouses in India.
But if Expedia can make that flight from LaGuardia to Heathrow guilt free for only ten extra bucks, how is one to know whether the offsets one has bought are really making that cross-Atlantic trip carbon even-steven? At the moment, it's pretty much a crapshoot (with carbon offset prices ranging from $3.56 to $30 a metric ton). But the UK hopes to change that before the Greenland ice sheet melts into their precious gulfstream. The country's Ministry of Environment announced yesterday that it would set standards for rating the new club of carbon merchants. That way would-be-offsetters can distinguish between quality outfits and those just full of hot air.
The standards will be based on the same "system used to certify credits from the established Kyoto market." Ideally, this will mean the credits have a "clear audit trail" and be linked to real emission reductions, but don't go back to building your carbon-neutral beachfront villas just yet.
Even long-established projects, endorsed by the World Bank and certified for cap-and-trade under Kyoto's rules, don't always deliver their promised bang for the buck. Last week, The Wall Street Journal ran a great piece on the chemical industry in China. A particularly dire snippet:
"Regulators worry that the carbon market is encouraging companies in the developing world to make more of the underlying refrigerant than they otherwise would—so they can produce more of the global warming gas, destroy it, and sell the credits."
Kudos to the UK for holding the carbon traders to a higher standard, as the EU has in regulating the toxics industry. Still, for now, and for us unregulated Americans, riding a bike may be your best bet.
-- Koshlan Mayer-Blackwell
I thought you might be interested in this new report that is available online
The Carbon Neutral Myth ? Offset Indulgences for your Climate Sins is available online at:
www.tni.org
"Carbon offsets are the modern day indulgences, sold to an increasingly carbon conscious public to absolve their climate sins. Scratch the surface, however, and a disturbing picture emerges, where creative accountancy and elaborate shell games cover up the impossibility of verifying genuine climate change benefits, and where communities in the South often have little choice as offset projects are inflicted on them.
This report argues that offsets place disproportionate emphasis on individual lifestyles and carbon footprints, distracting attention from the wider, systemic changes and collective political action that needs to be taken to tackle climate change. Promoting more effective and empowering approaches involves moving away from the marketing gimmicks, celebrity endorsements, technological quick fixes, and the North/South exploitation that the carbon offsets industry embodies."
I thought you might be interested in this new report that is available online
The Carbon Neutral Myth ? Offset Indulgences for your Climate Sins is available online at:
www.tni.org
"Carbon offsets are the modern day indulgences, sold to an increasingly carbon conscious public to absolve their climate sins. Scratch the surface, however, and a disturbing picture emerges, where creative accountancy and elaborate shell games cover up the impossibility of verifying genuine climate change benefits, and where communities in the South often have little choice as offset projects are inflicted on them.
This report argues that offsets place disproportionate emphasis on individual lifestyles and carbon footprints, distracting attention from the wider, systemic changes and collective political action that needs to be taken to tackle climate change. Promoting more effective and empowering approaches involves moving away from the marketing gimmicks, celebrity endorsements, technological quick fixes, and the North/South exploitation that the carbon offsets industry embodies."
I thought you might be interested in this new report that is available online
The Carbon Neutral Myth Offset Indulgences for your Climate Sins is available online at:
www.tni.org
"Carbon offsets are the modern day indulgences, sold to an increasingly carbon conscious public to absolve their climate sins. Scratch the surface, however, and a disturbing picture emerges, where creative accountancy and elaborate shell games cover up the impossibility of verifying genuine climate change benefits, and where communities in the South often have little choice as offset projects are inflicted on them.
This report argues that offsets place disproportionate emphasis on individual lifestyles and carbon footprints, distracting attention from the wider, systemic changes and collective political action that needs to be taken to tackle climate change. Promoting more effective and empowering approaches involves moving away from the marketing gimmicks, celebrity endorsements, technological quick fixes, and the North/South exploitation that the carbon offsets industry embodies."