| Revision as of 12:24, 11 May 2021 editSadads (talk | contribs)Administrators147,220 editsm link carbon emissions using Find link← Previous edit | Revision as of 10:56, 4 December 2021 edit undoPdkeating (talk | contribs)1 editm Added citation for comparison of carbon offsets and carbon retirementNext edit → | ||
| Line 3: | Line 3: | ||
| '''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. | '''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<ref>{{cite journal |last1=Rousse |first1=Olivier |title=Environmental and economic benefits resulting from citizens' participation in CO2 emissions trading: An efficient alternative solution to the voluntary compensation of CO2 emissions |journal=Energy Policy |date=January 2008 |volume=36 |issue=1 |pages=388-397 |doi=10.1016/j.enpol.2007.09.019 |url=https://doi.org/10.1016/j.enpol.2007.09.019}}</ref>. | ||
| ] | ] | ||
Revision as of 10:56, 4 December 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.
- Rousse, Olivier (January 2008). "Environmental and economic benefits resulting from citizens' participation in CO2 emissions trading: An efficient alternative solution to the voluntary compensation of CO2 emissions". Energy Policy. 36 (1): 388–397. doi:10.1016/j.enpol.2007.09.019.