Tuesday, September 02, 2008

Carbon Offsets: More Harm Than Good? From Coldplay to Leonardo diCaprio to Al Gore, influential environmentalists are increasingly modeling green behavior by neutralizing their carbon emissions through carbon offsets. Briefly, offsets are based on the notion that consumers can balance out carbon intensive activities, like travel, by contributing to projects that reduce greenhouse gases. Between 2005 and 2007 the market for carbon offsets grew 175%, reaching $110 million (Faris 2007). But just as buying indulgences in the Middle Ages never really erased your sins, carbon offsets rarely counteract your carbon use. Moreover, in some cases, carbon offset projects actually hurt local people. Many experts now believe that well-intentioned consumers are not just wasting their money on offsets, but that purchasing them actually does more harm than good....

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