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David Hone
Climate Change Adviser, Shell Group

David Hone

David Hone is the climate change adviser for the Shell Group and vice chairman of the International Emissions Trading Association. He also works closely with the World Business Council for Sustainable Development. ALL POSTS

The importance of offsets

There is no doubt that demand for offsets is slipping as room within the EU Trading System for them is limited and uncertainly prevails over the future of cap-and-trade systems outside the EU. Falling prices means less project activity, bringing with it the risk that the global market goes into something of a death spiral. This is not good news for carbon markets, for developing countries and most importantly for the environment.

Offsets have a critical role to play in these early years of beginning to reduce emissions. Not only do they offer flexibility for those economies starting to get to grips with emissions trading systems, but they provide much needed opportunity and capital flow for developing countries to also begin to tackle the challenge of emissions management. In particular, a well designed system can trigger projects in areas such as avoided deforestation and reforestation which represent some of the easiest and most rapidly deliverable reductions on the planet today. As developed and rapidly developing economies will take some time to implement big emissions management projects such as CCS, nuclear and large scale renewables, forestry projects can begin to deliver today given a flow of capital.

Early significant reductions in areas such as forestry are essential for a long term approach to managing global emissions. Such projects will also bring a wealth of additional benefits in areas such as biodiversity and local eco-system management. Offsets are an important tool for accelerating delivery.

By David Hone  |  March 23, 2010; 8:19 AM ET Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati  
Previous: Let's not 'off' offsets just yet | Next: We need to talk sensibly about CCS and climate change


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True believers such as yourself continue to operate on the assumption that human activity has caused recent increases in temperature.

Temperatures now are less than they were during the medieval warming period, the Roman Empire, and probably several more period like the 1930's. The theory of global warming rests on the foundation that current temperatures are unprecedented since the last ice age. If it were true, then the warmists want to say the only possible explanation is CO2 and greenhouse gases.

Even if the assertion were true, correlation does not prove causation. Since the assertion itself is easily proven to be false, there is no foundation to the global warming theories except the physics experiments with light and CO2. These are cute and interesting, but the global environment has many variables that are not accounted for in the laboratory experiments.

The many assertions behind global warming and greenhouse gases are falling apart. South pole sea ice has been increasing, not decreasing as predicted. North pole sea ice has been increasing for a few years and is now approaching normal when compared to the last few decades. Note that you won't be reading about these facts in the Post or the New York Times, but that is just the nature of advocacy journalism and 'science'; facts don't really matter and adverse facts should never be publicized or considered when publishing advocacy articles.

Once people begin to understand that the Norwegian records about settlements in Greenland were not fabricated by the giant conspiracy of deniers, but in fact were ignored by the current crop of 'scientists', the house of cards will begin to crumble.

In all likelihood, the current global variation towards the warm side has about run its course and the world is headed towards cooler temperatures. This might happen now, or ten years from now, or fifty years from now, but CO2 will have only a minimal influence on the variability.

Unfortunately for the human race, even slightly lower average temperatures will bring about severe hardship and suffering. Warmer temperatures have been accommodated be for during the many cycles, but the little ice age proved that colder is really hard for humans to manage.

We are wasting time and large amounts of money on a completely meaningless effort to reduce CO2 emissions. Reducing dependence on foreign oil is edging its way into the discussion and is actually worthwhile, but providing safe secure energy to the world's less prosperous economies should be the priority today, not frivolous meaningless exercises in CCS, cap and trade, carbon taxes, and other fantasies of the liberal elite that currently rule.

Posted by: AGWsceptic99 | March 26, 2010 12:55 AM
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