The Cabinet Office is a member of the Government carbon offsetting fund (GCOF). The GCOF aims to fulfil the Prime Minister's commitment to offset emissions attributable to all official and ministerial air travel in central Government. It is available to all central Government Departments and provides a simple and cost-effective way to offset, as well as ensuring high environmental integrity. The GCOF runs for an initial period of three years (2006-07, 2007-08 and 2008-09). The Cabinet Office and DEFRA have offset an extra year (2005-06).
The Cabinet Office has paid £32,326.88 into the GCOF from April 2005 to April 2007. Data are currently being collected for the 2007-08 reporting year, and will be available later in the year.
The GCOF is being managed by EEA Fund Management Ltd, which won the contract to source and deliver 255,000 certified emission reduction credits, with a provision for a further 50,000 credits, over three years from a range of clean development mechanism (CDM) projects. Credits will be supplied from the project portfolio of Trading Emissions plc, to whom EEA is the investment adviser.