by freqnasty on 08/11/08 (2 of 3 people found this comment informative)

anyone found other projects that work in this area? I have been doing some research and it still seems to be pretty unregulated in this field.... this company have some good angles tho. check http://www.climatecare.org/lastminute/about/

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by solarlion on 08/13/08 (0 of 1 people found this comment informative)

yeah, the projects they support seem to make sense. does seem like a fair amount of the money goes to infrastructure on the stove efficiency project. i wish they had a breakdown of where you dollar (or pound) goes in a pie chart.

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by solarlion on 08/13/08 (1 of 2 people found this comment informative)

Climate Care Trust Ltd pays a royalty of 10% of turnover to Climate Care Ltd. (the company that provided us with initial support and finance), which is included in the offset cost. The remainder of the money, 90% of turnover, is spent either as capital costs for our projects or on the staff and office costs involved in running Climate Care. In 2006, 54% of the cost per tonne of CO2 offset was spent directly on projects and their management. Our website and client service is included in the cost of the offsets. This is a slight reduction on 2005, due to the fast growth of the business. We expect to increase to over 75% in the coming years.

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by solarlion on 08/13/08 (0 of 1 people found this comment informative)

after digging a little deeper i am getting pretty skeptical. It is being run by JP Morgan's Environmental Markets group. I clicked on "Annual Reports" to get an exact breakdown on the use of funds and there appear to be no annual reports to download. WTF? http://www.climatecare.org/about/annual-reports

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