Carbon Offsets could be a $100 million dollar market in the
U.S. alone. From this article published in Business Week it looks like most carbon offset are either ineffective of fraudulent
Business Week uses TeraPass Inc., (the supplier of carbon offsets to the Academy Awards) project in Springdale Ark as an example of the ineffectiveness of the carbon offset market. This project in a sprawling garbage dump in the Ozark foothills captures methane gas, that as a greenhouse gas is over 20 more power full then CO2. This gas is then burned and converted into CO2 which is far better then methane in the atmosphere. The problem with this project is its effect as a carbon offset is that this project would have happed with or with out the TeraPass Money. I the end TeraPass money is just a supplemental revenue to the owners of the dump Waste management.
No comments:
Post a Comment