Home Business NewsBusinessAutomotive News Carbon offset service launches with UK first for car buyers

Carbon offset service launches with UK first for car buyers

by LLB Reporter
7th Jul 20 6:59 am

As findings from Climate Assembly UK reveal the population wants a green economic recovery plan in response to the pandemic.

Carbon streaming service iOffset launches today with a ground-breaking initiative to help businesses offset their carbon emissions against products, services or transactions, supporting the journey to net zero by 2050.

In a UK first, iOffset’s inaugural commercial partnership with national car retailers, Motor Depot and CarSupermarket.com, will see the dealerships offset the projected future emissions of every used car sold for the first year of ownership.

Leading carbon footprint expert, Professor Mike Berners-Lee, and his team Small World Consulting, helped develop iOffset’s carbon use examples to enable people to make lifestyle choices that reduce their carbon footprint and for businesses to better understand the impact of their emissions.

iOffset funds some of the world’s leading high impact carbon reduction projects accredited by Gold Standard (WWF) and the United Nations. It is the only offsetting service to retire credits by default specifically in commercial customer and consumer names, automatically generating a link to their contribution on the public Gold Standard or UN registry, ensuring complete transparency on the offsetting programmes supported and benefits achieved.

This year carbon emissions have undergone the sharpest drop since records began, putting climate change and sustainable practices firmly on the business agenda as lockdown restrictions ease and organisations embark on the ‘new normal’.

Mark Hammond, Founder of iOffset, is encouraging other individuals and businesses to examine their practices and how they can reduce and offset their CO2.

He said, “Our mission is to spearhead an international carbon reduction and offsetting culture, making it easy and affordable for individuals and businesses to reduce and offset their unavoidable emissions.

I congratulate Motor Depot for being the first in the auto retail market in the UK to embark on this as part of their service, and hopefully this initiative will be a catalyst for many dealers and other businesses around the world to push forward more environmentally-friendly operations on the journey to net zero.”

“The carbon offsetting industry has been plagued by years of poor regulation which has allowed unscrupulous parties to profiteer at the expense of channelling funds to project owners.

“iOffset is committed to developing a platform of scale for businesses and consumers, built on the fundamentals of trust and transparency, and working with Gold Standard (WWF) and The UN Climate Change Secretariat to ensure our carbon credits are of the highest standard and are eligible to be retired on a public registry, directly in the name of a commercial customer or consumer.”

Steve Butterley, Managing Director of Motor Depot said, “We are delighted to be able to bring this product to market. For many of the thousands of customers that visit our showrooms and forecourts every month, the prospect of an electric car is impractical and early-adopter pricing is out of reach.

“Modern eco-conscious car shoppers are desperate to do the right thing, but to date have not had a viable alternative to the traditional used car. Used cars are an eco-friendlier option than a new car simply by the nature of being a recycled product; We’ve now brought to market a new type of used car, one with the emissions offset for the first year or 10,000 miles of ownership; this is an industry first.”

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