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It is estimated that in the first three quarters of 2006, about 130 million dollars were spent offseting the carbon emissions of companies and individuals, a 300 per cent increase over from 2005 <ref>http://www.carbontradewatch.org/pubs/carbon_neutral_myth.pdf</ref>. The companies marketing the carbon offset credits are unregulated and lack transparency of where the money for offsets is spend.
 
It is estimated that in the first three quarters of 2006, about 130 million dollars were spent offseting the carbon emissions of companies and individuals, a 300 per cent increase over from 2005 <ref>http://www.carbontradewatch.org/pubs/carbon_neutral_myth.pdf</ref>. The companies marketing the carbon offset credits are unregulated and lack transparency of where the money for offsets is spend.
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These credits delay the take up of more carbon-efficent industries and technologies because peopele believe that they are doing an environmentally friendly thing {{fact}}.
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==See Also==
 
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==See also==
   
*[[Carbon sequestration]] - the act of preventing [[carbon dioxide]] from a process to mix with the [[atmosphere]]
 
*[[Carbon sequestration]] - the act of preventing [[carbon dioxide]] from a process to mix with the [[atmosphere]]
  
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