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Replacement value
“The nation behaves itself well if it treats its natural resources as assets which it must turn over to the next generation increased, and not impaired, in value.” Theodore Roosevelt, American Museum of Natural History, New York City Brexit dominates our waking thoughts. Whether we are Leavers or Remainers, most of us are agreed on…
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Offsetting
I have been asked to write a piece about carbon offsetting: in particular, its merits and demerits. So here goes. Carbon offsetting is the practice of paying someone else to take action to reduce carbon emissions somewhere else in order to compensate for one’s own carbon-emitting activities. Offsetting may be done individually or collectively. I…