NewEnergyNews: CARBON OFFSETTING TO BE REGULATED

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    Saturday, January 27, 2007

    CARBON OFFSETTING TO BE REGULATED

    UK to tackle bogus carbon schemes
    18 January 2007 (BBC News)
    - The UK government is to set standards for carbon offsetting schemes to bring "greater clarity" to the industry.

    - The move comes as…carbon offsetting schemes have been attacked for a lack of transparency and inconsistent prices.
    - Environment Secretary David Miliband said the voluntary standards would help consumers pick "genuine" projects…
    - There are a number of ways that consumers can offset their carbon emissions…paying for trees to be planted…buying energy-efficient light bulbs for…developing nations.
    - The worry for the government has been that the benefits of many of the projects have proved difficult to verify and may be open to abuse.
    - The Department for Environment, Food and Rural Affairs (Defra) has named just four offset providers that meet its new guidelines - Pure, Global Cool, Equiclimate and Carbon Offsets...

    - The new standards will be based only on projects that can be certified, including flexible schemes agreed under the Kyoto Protocol…
    - …a hitherto confusing industry is being examined and made more clear…UK charity Pure, for example, does not run any projects itself, but invests donor money into certified credits.
    - The code of practice proposes that offset providers supply consumers with clear information and transparent prices…
    - Environment Secretary David Miliband said offsetting "isn't the answer to climate change…The first step should always be to see how we can avoid and reduce emissions…”

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