How will ClimateCare/JP Morgan keep consumer confidence in offsets high?
BT: Carbon offsets are already starting to make a significant contribution to cutting CO2, with ClimateCare projects achieving verified emissions reductions of over 1.5 million tonnes (ed: a metric tonne is 2,205 lbs.) this year. The criticism falls into the ‘principle’ and ‘practice’ categories. The principle enjoys wide support, and is based upon the scientific reality that it does not matter to the planet where a tonne of CO2 is released. Climate change demands a global response that reduces pollution as fast as possible, at the lowest possible cost and the carbon market, of which offsets are a part, is a crucial tool in this – as most environmental leaders, from Nicolas Stern (of the ‘Stern Report’) to the United Nations, recognize. The ‘practice’ of credible offsets is a lot more advanced than many think. All our offsets are accredited independently through leading standards such as the Gold Standard, and there will be registries for all of these by the end of the year, which will
