London Olympics drops carbon offsets

Greens see red as organizers cut waste

When London submitted its bid to host the 2012 Olympic Games, it sweetened its offer with a promise “to purchase emission reduction credits and to invest directly in clean energy projects in the developing world to offset … emissions.”  Organizers estimated that “international travel to London by competitors, officials and members of the Olympic Family would generate an estimated 35,000 tonnes of carbon dioxide emissions.”

The scheme called for large transfers of funds from London to the developing world.  “Our approach goes beyond merely offsetting emissions,” London 2012 Environmental Project Manager David Stubbs promised, “and aims to spread environmental and social benefits beyond London to countries where the impacts of climate change are most acutely felt.”

These promises were made in 2005, when climate propaganda stood unchallenged — before the specter of economic crisis, joblessness and government spending came to haunt Britain as they do today.   London is a city recently set ablaze by a no longer hidden underclass of voluntarily uneducated and unemployed wards of the state.

Harsh reality has sounded a wake up call for Londoners and the prospect of shipping millions of pounds overseas to finance projects with no connection to the Olympics (that will have no meaningful impact on our climate) no longer seems so sporting.

Bloomberg Business quotes Green Party member of the London Assembly Darren Johnson as saying, the decision to drop the offsets is “not fair … Obviously we want the Olympics to benefit London, but environmentally they should be a green Olympics to benefit the whole world as well.”

In place of offsets, organizers will look for local ways to “reduce their carbon footprint.”  CFACT expects that as disappointed as investors who had sought to profit from the overseas carbon offset schemes may be, there are others with schemes rooted closer to home who will be all to willing to cash in.

We can no longer afford the waste and abuse that are part and parcel of feel-good schemes like offsets and subsidies.  CFACT calls on London to blaze a path to an environment where large scale public and business enterprises can proceed with no obligation to pay baksheesh to radical green campaigners and carbon profiteers.

We’ve reached a new tipping point.  Henceforth use of the term “carbon footprint,” where tongue is not planted firmly in cheek, identifies a scheme unlikely to pass rigorous examination.  Policy makers, accountants and fraud examiners take note.

 

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About the Author: Michael Goetz