EcoInsurance - Save The Environment & Save Money
The week’s Springwise Newsletter didn’t let me down, offering up yet another green morsel of eco-goodness!
The topic of discussion - EcoInsurance, “the UK’s first eco-friendly car insurance”.
So whats the deal?
Basically, when you sign up for a car insurance policy with this company they will offset 20% of your car’s CO2 emissions at no charge. In addition to that, any cars that emit less than 100g CO2 per km will receive a further 10% discount!
Just in case you are unfamiliar with carbon offsetting, here is a blurb from Wikipedia:
A carbon offset zeros out (offsets) all or part of the carbon dioxide emissions of a party, by reducing the emissions — or increasing the carbon dioxide absorption — of another party. This reduces net greenhouse gas emissions with the aim of combating global warming. Effectively offsetting the emissions of an activity makes that activity “carbon neutral”.
Carbon offsets can be purchased by individuals, businesses and governments from a variety of commercial and non-commercial organizations. For example, the UK government purchased offsets for the air travel required for the 31st G8 summit.
Sounds like a great idea, but are there any similar insurance programs here in North America?
According to the article, Travellers Insurance in the US is offering a 10% discount for people driving hybrid vehicles.
I haven’t heard of anything similar up here in Canada, but I’ll definitely be curious to find out!
Hopefully we’ll start to see more of this sort of thing from the insurance companies in North America!
Here is the Springwise article if you are interested: Greensurance
Technorati Tags: ecoinsurance, car insurance, carbon offsetting, global warming, C02, hybrid cars, springwise
Written by Bentley on October 31st, 2006 with
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