| Revision as of 14:53, 26 March 2021 editCewbot (talk | contribs)Bots7,766,784 editsm Fix broken anchor: 2018-08-07T19:31:02Z #Sources_of_carbon_offsets⇝Carbon offset#Types of offset projects← Previous edit | Revision as of 12:24, 11 May 2021 edit undoSadads (talk | contribs)Administrators147,220 editsm link carbon emissions using Find linkNext edit → | ||
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| {{short description|Release of carbon dioxide into the atmosphere}} | {{short description|Release of carbon dioxide into the atmosphere}} | ||
| {{Unreferenced|date=August 2010}} | {{Unreferenced|date=August 2010}} | ||
| '''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 ]. 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. | ||
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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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