22 May 2007
The new ibuyeco car insurance policy from Budget claims to be among the first to offset 100% of the customers' carbon dioxide emissions for the duration of their policy, as well as make a contribution towards tackling global climate change.
Matthew Gledhill, Managing Director of ibuyeco, told the Guardian that Budget's new green policy was the "practical solution" for eco-conscious drivers who simply couldn't give up driving completely.
Mr Gledhill added: "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."
Calculated using the tools from government agency the Department for Environment, Food and Rural Affairs and various green organisations, a policy is judged on the type of car being insured and the yearly mileage. A family car which travels between 10,000 and 12,000 miles per year, for example, would cost around 20 to carbon offset.
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