26 May 2010 05:05:08
Carbon offsetting and trading schemes criticised
Carbon offsetting can create problems because it allows developed countries to create the impression of reductions, one expert has claimed.
Phil Thornton, national coordinator of the Campaign Against Climate Change, said that the current carbon trading schemes have not been implemented "in the correct way" and that it is "highly debatable" if improvements have been enough.
Mr Thornton was answering the question as to whether he believed that carbon trading was becoming increasingly discredited as a way of reducing carbon emissions when he made the comments.
"Offsetting is a huge problem because that can easily create the illusion of cuts when it's not actually the developed countries making the cuts they need to make," the expert added.
It was further suggested that some people may believe taxing carbon at the source could be the answer as it would not require "an elaborate system" to work.
The comments come just days after European Union (EU) climate action commissioner Connie Hedegaard said that, while the carbon trading system continued to work during the economic downturn, "we should not hide that the recession has significantly weakened the price signal".
So does the EU carbon trading scheme really have the potential to produce significant emissions cuts?