Carbon offset car insurance launched

Carbon offset car insurance launched

Emma LunnGuardian Unlimited
A new car insurance policy has been launched that will offset 100% of the customers' CO2 emissions for the duration of their policy, as well as make a contribution towards tackling global climate change.
Created by insurance intermediary Budget, ibuyeco allows customers to offset all of their carbon emissions by paying a small additional fee.
Payments are based on the type of vehicle and the estimated mileage details provided by customers. Emissions are calculated using guidelines from several key groups and bodies, including DEFRA whose guidelines are used by other government departments when appraising their policies.


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Using this method, the typical family car mileage of between 10,000 and 12,000 miles per year would require an offset fee of roughly £20, for example.
ibuyeco managing director, Matthew Gledhill, said: "ibuyeco is a practical solution for those people who cannot simply give up using their car.
"People recognise that sometimes creating a carbon impact is unavoidable, but they still want to do something about it.
"This offset charge will contribute towards the funding of specific projects via the CarbonNeutral Company, one of the world's leading full service carbon management businesses.
"The projects fall into different categories, including energy efficiency, reforestation and renewable energy, and are based both home and abroad."Special reportsConsumer newsMotoringUseful linksAAAEA Energy & EnvironmentAssociation of British DriversCar-pool.co.ukCommission for Integrated TransportDepartment for TransportDriving.co.ukEnvironment AgencyHighway codeInstitute of Advanced MotoristsNewCarNetSociety of Motor Manufacturers and TradersStreetcar

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