Canceling one emission right equals shutting down a coal-fired power plant forCanceling emission rights equals shutting down a coal-fired power plant for
We buy European emission allowances (EUAs) from the European Union’s capped carbon trading system. Then we cancel them, which means the rights are destroyed forever! With your climate subscription, we buy one EUA each year.
We buy emission allowances (EUAs) from the European Union’s capped carbon trading system (EU ETS). Then we cancel them, which means the rights are destroyed forever! With your climate subscription, we buy EUAs each year.
This way, we force the big CO2 emitters in the EU, like coal-fired power plants, to emit less CO2. Because European emission allowances determine how much carbon emissions can be emitted in the EU. This is the most effective way to avoid emissions that we know of.