Thomas Friedman makes fun of carbon offsets in the New York Times of 8 July and proves that the “Green revolution” is still a long way off. What if we could buy offsets for all our sins, asks the author of “The World is Flat“. “Carbon offsets are symptomatic of the larger problem we face in confronting climate change: everyone wants it to happen, but without pain or sacrifice”, concludes the American author.
Investing in a renewable electricity future will save 10 times the fuel costs of a “business as usual” fossil-fuelled scenario, saving $180 billion USD annually and cut CO2 emissions in half by 2030, according to a joint report by Greenpeace and the European Renewable Energy Council (EREC) released on 6 July. The report is the financial follow-up to the Energy Revolution Outlook presented by both organisations last year.