Carbon Offsets… Buyer Beware

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.


Carbon offsets are in. Everybody’s doing it. And Wall Street knows it, which is why here and abroad companies from London’s Marks & Spencer to Dell Computers are clamoring to make you, too, “carbon neutral.” A crowded field of for-profit offset providers have sprung up, promising to do everything from reforesting the California redwoods to building solar powered greenhouses in India.

But if Expedia can make that flight from LaGuardia to Heathrow guilt free for only ten extra bucks, how is one to know whether the offsets one has bought are really making that cross-Atlantic trip carbon even-steven? At the moment, it’s pretty much a crapshoot (with carbon offset prices ranging from $3.56 to $30 a metric ton). But the UK hopes to change that before the Greenland ice sheet melts into their precious gulfstream. The country’s Ministry of Environment announced yesterday that it would set standards for rating the new club of carbon merchants. That way would-be-offsetters can distinguish between quality outfits and those just full of hot air.

The standards will be based on the same “system used to certify credits from the established Kyoto market.” Ideally, this will mean the credits have a “clear audit trail” and be linked to real emission reductions, but don’t go back to building your carbon-neutral beachfront villas just yet.

Even long-established projects, endorsed by the World Bank and certified for cap-and-trade under Kyoto’s rules, don’t always deliver their promised bang for the buck. Last week, The Wall Street Journal ran a great piece on the chemical industry in China. A particularly dire snippet:

“Regulators worry that the carbon market is encouraging companies in the developing world to make more of the underlying refrigerant than they otherwise would—so they can produce more of the global warming gas, destroy it, and sell the credits.”

Kudos to the UK for holding the carbon traders to a higher standard, as the EU has in regulating the toxics industry. Still, for now, and for us unregulated Americans, riding a bike may be your best bet.

— Koshlan Mayer-Blackwell

REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

payment methods

REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate