How does WLT feel about the Defra Voluntary Code of Practice?
WLT agrees that the carbon offset market has suffered from a lack of clarity and quality in the provision of some offset projects. We too are in favour of protecting consumers and this is why we make every effort to ensure our restoration ecology projects are transparent. However, WLT feel that while the proposed code is expressed as being voluntary, its effects are likely to be comparable to a regulated market. Our main concerns are that set guidelines could stifle innovation and that meeting them would add transaction costs, disfavouring small scale actions and organisations.
