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'''Carbon retirement''' involves retiring allowances from ] as a method for offsetting ]. '''Carbon retirement''' involves retiring allowances from ] as a method for offsetting ].


Under schemes such as the ] (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. 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. Over time, the scheme will offer fewer allowances, making it much harder for industrial companies to sustain high emission levels without incurring financial penalties.

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Release of carbon dioxide into the atmosphere
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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.

References

  1. 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.

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