Cost Just the Beginning of Offsets’ Problems
July 27th’s San Francisco Chronicle includes an article David Baker on Pacific Gas and Electric Co.’s failing ClimateSmart whcih so far has collected just $2.6 million to run a $9.7 million program. And what does that program do exactly? Baker reports:
People who sign up for the program pay a monthly fee - usually less than $3 - to offset greenhouse gas emissions from the power plants that supply their electricity. Most of the money funds forestry projects that pull carbon dioxide out of the atmosphere. While other, smaller companies - such as TerraPass in San Francisco - offer similar