Changes

Some politicians and activists, particularly environmental activists such as [[Al Gore]] use carbon offsetting as a status symbol within their community.

Some politicians and activists, particularly environmental activists such as [[Al Gore]] use carbon offsetting as a status symbol within their community.

It is estimated that in 2006, about 130 million dollars were spent offseting the carbon emmissions of companies and individuals and the value invested has grown by over 300 per cent 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. One study indicated that project [[expenses]] and [[profit]] are 95% of the carbon credit price and only 5% went to tree planting. <ref>[http://www.guardian.co.uk/environment/2007/jun/02/india.greenpolitics Kyoto: huge profits, little carbon saved, The Guardian 2 June 2007</ref>

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.

These credits delay the take up of more carbon-efficent industries and technologies because peopele believe that they are doing an environmentally friendly thing.

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}}.

==See also==

==See also==