Showing posts with label carbon credit. Show all posts
Showing posts with label carbon credit. Show all posts

Wednesday, May 9, 2007

Americans try to shift into 'carbon neutral'

Gregory Lamb in his article talks about being carbon neutral, carbon-positive and negative, carbon footprint.

"...Some environmentalists worry that the idea of going "carbon neutral" could be detrimental if it leads to people only buying offsets and not changing their lifestyles..."

"...Kenyan environmentalist Wangari Maathai, who won a 2004 Nobel Peace Prize, recently urged what might be the grandest plan yet to offset carbon emissions at last month's international meeting on climate change in Nairobi, Kenya. Ms. Maathai proposed that the world's citizens commit to planting 1 billion trees, which would absorb about 250 million tons of the carbon dioxide now warming the atmosphere..."

Saturday, May 5, 2007

Industry caught in carbon ‘smokescreen’

Fiona Harvey and Stephen Fidler of the Financial Times explain:

Companies and individuals rushing to go green have been spending millions on “carbon credit” projects that yield few if any environmental benefits.

A Financial Times investigation has uncovered widespread failings in the new markets for greenhouse gases, suggesting some organisations are paying for emissions reductions that do not take place.

The FT investigation found:

■ Widespread instances of people and organisations buying worthless credits that do not yield any reductions in carbon emissions.

■ Industrial companies profiting from doing very little – or from gaining carbon credits on the basis of efficiency gains from which they have already benefited substantially.

■ Brokers providing services of questionable or no value.

■ A shortage of verification, making it difficult for buyers to assess the true value of carbon credits.

■ Companies and individuals being charged over the odds for the private purchase of European Union carbon permits that have plummeted in value because they do not result in emissions cuts.