Wednesday, October 22, 2008

During corporate belt-tightening, might spending on bogus carbon offsets be curtailed?

Global recession: A soft landing for low-carbon industry? - ClimateChangeCorp.com
The bad news for the low-carbon sector is that nobody escapes a recession. Negatives for the sector will be driven by:

- CFOs who block discretionary spend on corporate social responsibility, the purchase of voluntary offsets for “climate neutrality” programmes and capital expenditure – for energy efficiency equipment such as new Heating Ventilation and Air Conditioning (HVAC) systems.

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