EAC report on Carbon Offset Market

The Environmental Audit Committee has published a report on the voluntary carbon offset market. The report says that individuals, organisations and companies should be assisted and encouraged to offset because it can play a part in mitigating CO2 emissions levels over the short term, however it recognises that the market needs to be more robust. The Committee said that offseting must be made easier for carbon intensive goods and services. It also said that Government and business must agree the definition of “carbon neutral” when applied to business and develop appropriate audit standards, and that using robust offset schemes to preserve existing forests should be encouraged.