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BP Launches Consumer Carbon Offset Program in UK

23 August 2006

BP has launched a UK program to offset the CO2 emissions caused by driving. Called targetneutral, the non-profit initiative allows drivers to calculate the cost of the annual CO2 reduction required to make their vehicle CO2 neutral.

Road transport accounts for 22% of UK CO2 emissions. An average car, driven 10,000 miles in a year, generates approximately four tonnes of CO2. To neutralize this amount of carbon emissions via www.targetneutral.com will cost around £20 (US$37.80) a year.

The scheme has been developed in consultation with leading NGOs and will be advised and monitored by an independent Advisory and Assurance Panel chaired by Jonathon Porritt, Founder Director of Forum for the Future. The Panel comprises Professor David Begg, Chairman of Tube Lines; Rita Clifton, Chairman of Interbrand; Steve Koonin, BP’s Chief Scientist; Peter Mather, BP’s Head of Country, UK; Ed Mayo, CEO National Consumer Council; Charles Secrett, Independent Advisor and former Director Friends of the Earth; Tim Smit, CEO The Eden Project; Professor Kathy Sykes, Professor of Public Engagement in Science & Engineering, Bristol University.

The scientific consensus on climate change is overwhelming: we need to take radical action now if we are to avoid catastrophic consequences. We all have a responsibility to take up that challenge in our own lives, at home, work or as motorists. For this reason, Forum for the Future is very supportive of what BP is doing through targetneutral. The scheme should help raise awareness of the links between driving and climate change. Helping everyone get more carbon literate is something that all oil companies will need to commit to in the very near future.

—Jonathon Porritt, Founder Director, Forum for the Future and Chairman of the targetneutral Advisory and Assurance Panel

To use targetnetural, motoroists log on and calculate the fuel used each year and the CO2 emissions generated. The calculator then determines the financial contribution needed to buy the CO2 reduction to neutralize these emissions. By registering their Nectar card, drivers can trigger a BP contribution every time they use their card when buying fuel at a BP forecourt.

All targetneutral members’ money, apart from VAT and payment transaction costs, buys CO2 emission reductions via the purchase of carbon credits. BP takes nothing from the scheme members&rsuqo; contribution.

BP will make a direct contribution to targetneutral when motorists who are signed up to the scheme register and use their Nectar Card when they buy fuel at a BP forecourt. The BP contribution is calculated per liter and is up to 10p (US$0.19) per tank for regular fuels and up to 20p (US$0.39) per tank for lower CO2-emitting BP Ultimate fuels. BP has 1 million customers per day in the UK.

The money generated by targetneutral goes to a portfolio of CO2 reduction projects including alternative and renewable energy. Initially there are five projects including a biomass energy plant in Himachal Pradesh; a wind farm in Karnataka, India and an animal waste management and methane capture program in Mexico. As targetneutral grows, more projects will be added.

Procedures to ensure the projects’ integrity are modelled on those created by the UNFCCC (United Nations Framework Convention on Climate Change) for emissions reduction projects developed under the Kyoto Protocol. All project activity is overseen by the targetneutral Advisory and Assurance Panel.

August 23, 2006 in Climate Change | Permalink | Comments (9) | TrackBack (3)

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» CO2 credits on from Burrows :: Reduce CO2 Emissions
Green Car Congress posted today on an interesting program by BP to neutralise CO2 emissions from vehicles. According to the targetneutral press release:All targetneutral members’ money, apart from VAT and payment transaction costs, buys CO2 emission re... [Read More]

» CO2 credits on special from Burrows :: Reduce CO2 Emissions
Green Car Congress posted today on an interesting program by BP to neutralise CO2 emissions from vehicles. According to the targetneutral press release:All targetneutral members’ money, apart from VAT and payment transaction costs, buys CO2 emission re... [Read More]

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Comments

Maybe I'm missing something but I need proof that 'CO2 reduction projects' actually reduce emissions as opposed to slowing their growth. In the case of renewable energy I'd like to know just which coal fired plants were shut down because the energy was no longer needed. In the case of tree planting I'd like to know who checks that the trees are healthy and growing year by year. On top of that the price seems way too cheap.

Until convinced otherwise I'm calling this greenwashing.

I commend BP. This is a great step in the right direction. Unlike Exxon, which has done all it can to convince the public that global warming is a myth, at least BP admits CO2 is a problem and is attempting to do something about it. Even if only a few customers participate in the program, they can help support the CO2 trading market. Sign me up. It beats sitting on thc sideline and doing nothing but complaining.

"reduce emissions as opposed to slowing their growth"?
Should we continue to trust our governments to tackle climate change? News of such a program helps shore up some of the neg. BP Prudhoe Bay issues of the past weeks- I will continue to boycott Exxon Mobil.

Last week I greenwashed my household when we signed up on a similar program to offset electricity emissions via wind power credits in the US
http://www.renewablechoice.com/m/index.php


Hi, we think this private scheme sets a dangerous precedent. Climate reduction efforts should not be privatised nor placed in the context of a consumerist and voluntarist discourse.
Please read more about our critique of BP's scheme at our website:
BP's private CO2 offset scheme sets dangerous precedent

Yours, Lorenzo

I like it, but I went they went a step further and allowed you to choose to offset your carbon with every purchase you made rather than having to sign up online and purchase an entire years worth. Imagine going to the gas station and seeing: Regular, Premium, Carbon Neutral.

I have visited your site 273-times

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BP wants every motorist to do his share to beat global warming by signing up for a new plan. The system is simple to use. It will not require drivers to buy their fuel from BP. Thank you.
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xanthe
http://www.goinggreenbuzz.com

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