Posted by
BLOGASSAULT on Saturday, April 18, 2009 11:56:57 AM
Sales of credits for voluntary offsetting projects plummeted 70% during the first two months of this year compared with the last two months of 2008, according to the environmental research firm New Energy Finance. The price of these credits also suffered, falling 30%.
“Any project reliant on voluntary offsets is going to find it very difficult to move forward in the present economic climate,” said Jon Williams of accountants Price Waterhouse Coopers.
No worries though; the government will soon show up to force business to buy them.