Recent Blog Posts
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The Times' Rorshach Geithner Story
Apr 27 20099:04am EDT -
Sinking Animal Spirits
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Counter-cyclical Urban Policy
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Be Your Own Counterfeiter
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Being Tim Geithner
Apr 25 200912:04pm EDT -
Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
Apr 24 20092:04pm EDT -
Not Regretting the Pound
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Introducing the New Ford Squeeze
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Non-Economic Questions of the Day
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The Stress Test Blind Alley
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Happy Hour
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Recovery Without Rebalancing
Apr 23 20096:04pm EDT -
The Shape of Your Recession
Apr 23 20095:04pm EDT
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The Voluntary Carbon Standard
Today marks the launch of the Voluntary Carbon Standard. The VCS is meant to be a kind of Good Housekeeping seal of approval for carbon offsets: if you want to offset your jet-set lifestyle or your new SUV, look for the VCS logo first.
After reading the new VCS Carbon Standard specification, my feeling is that it still leaves a lot of scope for slightly fudgy carbon accounting. For instance, can the notorious RCEs, or renewable energy credits, count as VCUs, or voluntary carbon units, under the VCS? I'm pretty sure the answer is yes, just so long as they aren't double-counted elsewhere.
But at least now the system of VCS approval means that not just anybody can come along and claim to be offsetting carbon emissions without any external verification. (Hey! I'm not flying to England for Christmas! Now I can sell you the carbon I'm not emitting!) So file this under "good first step," I think, and wait to see how it evolves.






