Newsweek - National News, World News, Health, Technology, Entertainment and more... | Newsweek.com
Full Post
Posted Saturday, July 19, 2008 12:35 PM

Money: Explaining Carbon Offsets

Newsweek

By Paul Tolme 

Growing concern about climate change has fueled a boom in sales of carbon offsets, which allow consumers to support clean-energy or reforestation projects that, at least in theory, remove as many greenhouse gases from the atmosphere as the donor contributes. While some cheer this growing market, others question whether consumers get what they pay for. Carbon offsets are unregulated in the United States. “The majority of offset retailers have good intentions, but it’s still a market where you have to do your homework,” says Katherine Hamilton of Ecosystem Marketplace.

Smart shoppers should look for offsets certified and audited by third-party organizations. These include the Gold Standard; Environmental Resources Trust; the Voluntary Carbon Standard, and the Climate, Community and Biodiversity Alliance. Buyers should also consult carbon-offset buyers’ guides published by the Tufts Climate Initiative (tufts.edu/ tie/tci/), Clean Air–Cool Planet (cleanair-coolplanet.org) and the Environmental Defense Fund (edf.org).

Advertisement

Consumers who shop wisely can spur positive change. Maureen Murphy of Santa Monica, Calif., recently gave $50 to carbonfund.org. The group is working with the Trust for Public Land (TPL) to purchase and restore 11,000 acres of degraded woodlands in Louisiana’s Tensas River National Wildlife Refuge. “Offsets made this acquisition possible,” says Don Morrow of TPL. And so did the guilty conscience of donors like Murphy.

You must be a registered user to comment.  Click here to register.  Already a user?  Click here to login.

Member Comments

No Comments
 
The Peek
 
 
PROJECT GREEN

A startup is betting free coffees and groceries will encourage reluctant recyclers.

Sponsored by
 
 
 
 
Sponsored by
 
 
 
loadingLoading Menu