http://www.newsweek.com/id/226941?from=rss&&obref=obinsite
An interesting article about a man's company in Ghana making energy-efficient stoves. His company has become successful because he can sell the carbon offsets gained from his company to companies like Goldman Sachs who want to lower their carbon emissions.
The article also talks about how the reduced-emission bills are making their way through the senate, and so companies like Goldman Sachs are buying up carbon offsets now because once these bills pass, the cost of companies with these offsets will rise immensely.
This article brings up some interesting questions about energy policy and ways that companies can lower their carbon foot-print. Supporting a company like the one in Ghana seems like a great idea, but is this all that big companies need to do in order to lower their emissions? Should more emphasis be put on the research and re-working of the inner developments of the existing company or, are carbon offsets enough to call a company sustainable or green?
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5 years ago
Hi Caleigh - interesting article. I think the support of this business is environmentally and socially responsible. It's great to see financing for businesses in low income areas. The idea of carbon offsets is a good one, but I wonder if it really contributes to change. Would it be better if manufacturers implemented greener technology in their businesses? I wonder how effective the practice of purchasing carbon offsets is.
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