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Expedia paid a premium for COTAP carbon offsets

August 20, 2017 by Ronjoy Bezbarua

(Source: GreenBiz) But a much smaller organization is capturing attention — and a new deal with Fortune 500 online travel agency Expedia — by selling offsets that serve the dual purpose of addressing both climate change and global economic inequality. What makes the system established by non-profit Carbon Offsets to Alleviate Poverty (COTAP) unique is its focus on ensuring that a chunk of the revenue raised by its sales goes directly to the rural communities that own a project. Its projects are all in regions where the average income levels are less than $2 per day. They are certified by Plan Vivo, which requires that these communities share in at least 60 percent of the money. Read full article….

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