Inspiration for all

 

Chris Goodall "How to Live a Low Carbon Life"

Chris Goodall "How to Live a Low-Carbon Life"


 

Richard Heinberg "The Party's Over"

Richard Heinberg "The Party's Over"


 

George Monbiot "Heat"

George Monbiot "Heat"


 

DVD - "The Power of Community"

The Power of Community - How Cuba Survived Peak Oil - DVD


 

DVD - "The End of Suburbia"

The End of Suburbia - Oil Depletion & the Collapse of the American Dream - DVD

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4. Substitute
5. Stay
6. Generate
7. Grow
8. Invest
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10. Community
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From the Library Shelf:

Authors A thru D
Authors E thru H
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Authors M thru Q
Authors R thru U
Authors V thru Z
Kids' Books

 

Proud Co-Founders of Transition Town High Wycombe

 

Organise | Powerdown | Recycle | Substitute | Stay | Generate | Grow | Invest | Make | Community

Offsetting as an Investment

Money Cannot Buy you a Future

For years a growing bunch of pioneers have been offering us ways of putting money into ethical Carbon-reduction investments. These included technology transfers to third-world countries or Carbon sequestration through forestry. This offered no financial reward but it was like money in the bank for a future for our children. For the ordinary people, working hard to reduce their Carbon Footprint, this offered a form of self-taxation to encourage further savings.

 

However, around 2005, Politicians picked up this idea as a way of paying for "Business as Usual" with the G8 Summit became "Carbon Neutral". Suddenly every environmental group on the Planet condemned 'offsetting'. It became tainted by the cynicism of cynicism. Where does this leave us? Desperately rescuing baby from bath water....

Investment or Con?

Take Care of Your Only HomeWe believe that everyone should invest and save up for their future. This is common sense. However, some (who are greener than green) frown on this thing called "offsetting" as they believe it is used as an excuse for 'business as usual'.

 

Through 2006 and 2007 the angry protests of the greens grew louder and louder. The allegations went to odd lengths. Various pundits paraded scientific studies suggesting the Trees don't absorb Carbon and we were better off adopting tracts of existing mature rainforest instead. Had elements of the green movement adopted the junk science of the Climate-Change-deniers? All over semantics?

 

This argument could easily have damaged tree-planting project funding at a time when the World Watch Institute told us that Forest destruction was a major cause of GHG emissions (20%). The debate continued and was clearly not won. The offset industry shrugged it off and grew stronger and stronger. By 2008 it looked like more moderate views may have started to dominate. Forum for the Future endorse offsetting but only after a program of carbon avoidance, reduction and replacement. The Ecologist magazine likewise concluded, in their May 2008 edition, that readers should "Avoid, Reduce, Replace then Offset". It was mind-numbingly obvious advice that could have been lifted directly from the pages of THIS Web Site. Common-sense may be prevailing.

 

PCL include Carbon-Offsetting ONLY as a component within our overall program and only AFTER you have powered-down, recycled and substituted. Offsetting is not an excuse for not cutting back. No step of the program can stand by itself. You must try to all, eventually. As revealed in our write-up on Personal Carbon Trading there is no real difference between offsetting and carbon-trading. They only influence the behaviour of society if they become expensive and non-voluntary.

How Much Should I Invest?

Invest Wisely in More than Just MoneyWhen we calculate how much we should invest we meet controversy. For it is precisely this point that the cynics pour cold water on the idea that how much you invest should be linked to how much Carbon your produce. Well, yes, but this is a little unfair to the tiny minority who are, essentially, taking on a voluntary form of self-taxation. Anyone conscious enough about their Carbon Footprint to actually go about measuring it is probably unlikely to ONLY offset. Hence we choose to be less cynical.

 

IF YOU choose to directly link your emissions of Carbon to the amount you pay in Carbon-negation then you are linking your self-tax to your pollution. The more you pollute, the more you pay. This is a great form of motivation to reduce your pollution. If this works for YOU then great! You have our fullest support. However, invest wisely.

Investing Wisely

The second major criticism of offsetting has been that the schemes are fraudulent. There are two basic types of offsetting:

 

Global Warning

  • Carbon Sinks

  • Technology Transfer

 

The first is about Carbon Sequestration. This mostly means planting lots of trees. The second has to do with replacing other people's technology with low carbon alternatives. There is nothing wrong with these principles.

 

Where we have landed in trouble is with our economist's ideas of parcelling up little chunks of offset and trading them on the open market as part of the Kyoto accords. Impersonal Carbon Trading has lead to absurd abuses. It has been possible for money to be made by the unscrupulous simply by getting paid so that they don't switch to higher-carbon technology. This is obviously wrong. Avoid this and invest wisely.

Read this Book

Post-Carbon Girl

The Consumer's Guide to Effective Environmental Choices

"The Consumer's Guide to Effective Environmental Choices"

bought to you by the

Union of Concerned Scientists

 

     We read this book with great interest as it covers a breakdown of spending habits and what causes most damage. However the book focuses only on the peculiar universe that is North America. It also finds it home in traditional 'environmental' causes... More here.

Milla Wants Her Future BackI think you should invest wisely. My Mum and Dad pay for the important things in life. Every year Daddy works hard to calculate our Carbon Footprint. We work on shrinking it. Then we pay our own Tax for the amount of Carbon we have sent out to the sky. We invest in trees being planted in Britain. We buy them for Grandad too. He gets one on his Birthday and another for Christmas. I like trees so much! And Grandad too.

OK - Where Should I Invest?

Alternatives to Offsets

A recent article in The Ethical Consumer Magazine evaluated 13 leading Carbon Offset companies:

 

  • Atmosfair
  • CarbonNeutral
  • Carbon Offsets
  • Climate Care
  • Climate Friendly
  • Climate Trust
  • CO2Balance
  • DrivingGreen
  • Equiclimate
  • Global Cool
  • MyClimate
  • NativeEnergy
  • Pure

 

Of these they recommended Atmosfair. However, here at Post-Carbon Living we recommend Equiclimate for those who calculate their own CO2 Business footprint. For private carbon reduction investments we recommend CO2Balance for forestry.

If you are unsure about offsetting then there is nothing wrong with 'decoupling' your own emissions from the amount you invest. If so then the May 2008 Ecologist article suggested several alternatives of which we recommend:

 

 

However there are many organisations and charities that you can donate to who will put your money into schemes that will reduce atmospheric carbon. Our favourite is:

 

Conclusion

Low Carbon Man
  • We give Offsetting one thumb down because people will use it as an excuse to continue Business-as-Usual

  • We give Offsetting four thumbs up because we must cut atmospheric carbon drastically so we should let the market maximise carbon-per-dollar invested

References

 

 

 
     
   

A Krofire Enterprise - supporting the Transition Town Movement since 2008

Krofire Enterprises Ltd