Carbon Connoisseur
The Economist profiles the different options available for carbon emissions off-sets, and how with so many options available and no worldwide standards, the process can be a tad confusing.
The price can currently range from $.45 to $45 per tonne of carbon dioxide, and despite the Ecosystem Marketplace and New Carbon Finance trying to develop specific standards, one simple effort still stands out above the rest.
“In the voluntary market, however, planting trees—or preventing them from being cut down—is the most popular source of offsets, accounting for more than a third of credits sold last year.”
Other sources are questioning the validity of planting trees for sopping up extra carbon dioxide. Two other options are the World Wildlife Fund’s Gold Standard carbon offsetting program focusing on renewable energy, and the Climate, Community and Biodiversity (CCB) standard focusing on forestry-related projects. For more resources on climate change, visit Earth 911’s Climate Change page.
