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05 Feb 2009 05:02:11

Government failing to support 'innovative offsets'



Government failing to support 'innovative offsets'
Small scale innovative carbon offset schemes should be approved by the government, according to the International Carbon Reduction and Offset Alliance (ICROA).

The Department of Energy and Climate Change last week brought out guidelines for companies that want to offset their carbon voluntarily.

It is inviting offset companies to sign up to a Quality Assurance Scheme for Carbon Offsetting that would give qualifying firms a kitemark to prove their compliance.

However, under the terms, only Certified Emissions Reductions, such as those used to meet Kyoto Protocol requirements and EU allowances are being considered, a fact that has angered the ICROA.

Edward Hanrahan, spokesperson for the ICROA, told Business Green: "CERs are designed for large projects and compulsory carbon trading schemes, while Verified Emissions Reductions help fund smaller, more innovative projects which often help alleviate poverty and tackle deforestation."

The alliance's co-chair Jonathan Shopley told Carbon Finance that rather than help the voluntary emissions reduction market expand, the measures would inhibit it.

http://www.icroa.org/


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