Created: 18 September 2007 | Watched by: 4 people | Comments: 0 comments

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  Carbon Standard to give offsetting green cred - News at SmartPlanet.com 

  http://www.smartplanet.com/news/business/10000249/carbon-standard-to-give-offsetting-green-cred.htm

  CNET NEWS.COM: Carbon offsetting has had some pretty bad press in recent times, with critics questioning just how green or new some offsetting projects are. But with the new Voluntary Carbon Standard (VCS), ... launched in London last week, it's hoped that carbon offsets will win back their credibility and be given a much sought-after framework. Offset programs are already widely used and the market is expected to grow to $4 billion over the next five years. So how do they work? Well basically if a corporation wants to be carbon neutral it might, for example, give money to an organisation that will invest in projects that reduce pollution, such as a renewable energy project in developing country. The carbon dioxide emissions that are eliminated by that project can be sold and traded on carbon markets. However, some of the projects have come under scrutiny and received some skepticism. In one case, BusinessWeek magazine investigated an offset project that did reduce pollution. But it was un   [More...] [Less...]

  First added: 26 November 2007, by: Jutta Schrimpf  [Report as spam]

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  Tags:  carbon offsetting, carbon standard