Al Gore take note:
A leading scientist with the Tyndall Centre for Climate Change Research has warned that "doing nothing is better than offsetting" on the grounds that there is a serious risk that the practice is leading to increased emissions. Dr Kevin Anderson, an academic at the University of Manchester and energy programme leader for the Tyndall Centre, said that the failure by many offset firms to look at the wider implications of investing in carbon reduction projects in developing economies meant that they were guilty of inadvertently increasing carbon emissions. "Many of these schemes are not accounting for the economic multiplier effect of the offset investments," he said.
"For example, if you take one popular offset project in the form of donating low energy bulbs to a Jamaican hotel you have to ask, what is the full impact of that investment? Electricity in Jamaica is expensive, so what does the hotelier do with the money he saves? He may use it to pay for a flight for himself or he may invest in extending the hotel, both of which could cancel out the initial emission reductions." Anderson argued that there is no way that offset providers can guarantee that their investments will not spark significant multiplier effects that would ultimately lead to increased emissions.
FULL STORY here
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