Monday, September 29, 2008

Investigations: $91M Carbon Offset Market Lacks Credibility

The fast-growing market for carbon offsets, now worth $90 million in the U.S. alone, is so opaque and loosely regulated it offers consumers "limited assurance of credibility," says this Wall Street Journal story on a federal audit of the market. The offsets should be approached with caution by legislators regulating companies that use them to comply with greenhouse-gas emissions controls, the audit says. See the Government Accountability Office report here.

TAGS: environment, investigations, carbon, climate change

No comments: