| Revision as of 09:52, 9 September 2019 editKrazio (talk | contribs)Extended confirmed users920 edits Adding short description: "Release of carbon dioxide into the atmosphere" (Shortdesc helper)← Previous edit | Revision as of 14:53, 26 March 2021 edit undoCewbot (talk | contribs)Bots7,767,066 editsm Fix broken anchor: 2018-08-07T19:31:02Z #Sources_of_carbon_offsets⇝Carbon offset#Types of offset projectsNext edit → | ||
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| '''Carbon retirement''' involves retiring allowances from ] as a method for offsetting carbon emissions. Under schemes such as the ], EU Emission Allowances (EUAs) represent the right to release carbon dioxide into the atmosphere, and are issued to all the largest polluters. Buying these allowances and permanently removing them forces industrial companies to reduce their emissions. Over time, the scheme will offer fewer allowances, making it much harder for industrial companies to sustain high emission levels without incurring financial penalties. | '''Carbon retirement''' involves retiring allowances from ] as a method for offsetting carbon emissions. Under schemes such as the ], EU Emission Allowances (EUAs) represent the right to release carbon dioxide into the atmosphere, and are issued to all the largest polluters. Buying these allowances and permanently removing them forces industrial companies to reduce their emissions. Over time, the scheme will offer fewer allowances, making it much harder for industrial companies to sustain high emission levels without incurring financial penalties. | ||
| Unlike ], retirement is straightforward and transparent. There are no complex projects, methodologies, brokers or intermediaries and the issue of ] is overcome. | Unlike ], retirement is straightforward and transparent. There are no complex projects, methodologies, brokers or intermediaries and the issue of ] is overcome. | ||
| ] | ] | ||
Revision as of 14:53, 26 March 2021
Release of carbon dioxide into the atmosphere | This article does not cite any sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Carbon retirement" – news · newspapers · books · scholar · JSTOR (August 2010) (Learn how and when to remove this message) |
Carbon retirement involves retiring allowances from emission trading schemes as a method for offsetting carbon emissions. Under schemes such as the European Union Emission Trading Scheme, EU Emission Allowances (EUAs) represent the right to release carbon dioxide into the atmosphere, and are issued to all the largest polluters. Buying these allowances and permanently removing them forces industrial companies to reduce their emissions. Over time, the scheme will offer fewer allowances, making it much harder for industrial companies to sustain high emission levels without incurring financial penalties.
Unlike traditional offsetting projects, retirement is straightforward and transparent. There are no complex projects, methodologies, brokers or intermediaries and the issue of additionality is overcome.
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