Intrepid Shifts Climate Strategy, Drops Carbon Offsets
One of the travel sector’s most environmentally conscious operators, Intrepid, has decided to end its carbon offset program and abandon existing emissions targets, deeming them unattainable.
The Australia-based global tour company announced it will instead allocate A$2 million (£980,000) annually to a verified "climate impact fund" that supports direct measures, including transitioning to electric vehicles and funding renewable energy projects.
Intrepid, known for small-group travel, stated it is discontinuing offsets and withdrawing from the Science Based Targets initiative (SBTi), five years after committing to its 2030 goals.
In a message to employees, Darrell Wade, Intrepid’s co-founder and chair, and CEO James Thornton, said: "Intrepid, and the broader travel industry, is not on course for a 1.5°C future. We need bolder steps to even come close."
Though Intrepid emphasizes the minimal footprint of its tours, it acknowledges that the biggest environmental impact comes from customers’ flights. Wade admitted two years ago that offsets lacked credibility.
The letter criticized governments for lacking ambitious policies on renewable energy and sustainable aviation fuels, stating: "We cannot uphold a target we know we won’t achieve."
Thornton argued that the shift would enhance transparency and trust, rather than alienate customers. He told *CuriosityNews*: "We were the first tour operator to adopt science-based targets, and now we’re acknowledging they don’t work for us. Honesty builds trust."
The new fund and goal to reduce the "carbon intensity" of each trip were designed by climate experts and will be reviewed by independent auditors.
Efforts will include promoting shorter domestic trips, reducing long-haul flights, and expanding flight-free itineraries with more walking and trekking options.
Environmental advocates have long dismissed offsets, pushing instead for reduced flying. Doug Parr, Greenpeace UK’s chief scientist, said offset programs let "airlines and major polluters falsely claim sustainability while continuing heavy emissions."
He endorsed a frequent flyer levy, exempting the first annual flight to avoid penalizing family holidays but increasing costs for frequent travelers, who drive most air traffic growth.
Thornton noted that meaningful climate action remains a priority for Intrepid’s leadership but added: "We must acknowledge that travel, as it stands, is not sustainable."
Read next

Investors flee record-high UK stocks as EU set to hike steel tariffs
Investors Withdraw Record Sums from Equity Funds Amid High Market Valuations
Data reveals that investors in the UK have withdrawn an unprecedented amount of money from equity funds over the past three months, driven by concerns over soaring stock market valuations.
According to the latest figures from Calastone, the largest

"Bank of England alerts to rising AI bubble collapse threat"
Bank of England Warns of Potential Market Turmoil Amid AI Valuation Surge
The Bank of England has cautioned about an increasing risk of a "sudden correction" in global markets, highlighting concerns over rapidly rising valuations of major AI-focused technology firms.
Officials noted additional threats, including a potential "

"IMF head says global economy faces enduring uncertainty"
Global Economic Uncertainty Warned as the "New Normal," IMF Chief Says
The head of the International Monetary Fund has issued a stark warning about increasing risks to the global economy, stating that uncertainty has become the new reality.
As financial leaders prepare to convene in Washington for the