Saturday, 20 January 2007

Response to UK Government Announcement on Offsets

We’re writing today in response to the Government’s announcement regarding voluntary standards for the carbon offset market. We support the aims of the code to increase customer confidence and ensure that those operating within the industry show integrity and transparency in how their projects are measured.

Today’s announcement signals the beginning of the consultation process and we are pleased to be part of that process.

Currently the proposed standard doesn’t support the needs of voluntary offset customers or the industry, but we will continue to work together to find a solution. We support industry standards that allow room for smaller-scale projects that meet our criteria of providing societal benefits to local communities as well as true environmental benefits.

We always encourage people to reduce their emissions wherever possible. When each of us takes steps to reduce our carbon footprint, we can speed the transition to a low-carbon economy.