And this goes back to the first post I made, about the difference between carbon markets and carbon offsets. The EU ETS does not have offsets and does not allow for emitters promising to emit less to be paid for doing so. There are a capped amount of carbon credits auctioned by a government body, which companies emitting within the EU and some other member countries have to buy to be permitted to emit. The amount of credits is lowered every year towards zero by 2050. The money paid goes to the government to be used to support green projects or be paid out to citizens. To put it another way:
No private company benefits from selling any sort of carbon credits in that system
Companies who purchase credits have to do so, due to emitting, so no pretending to not doing that
It is raising in the long term depending on how much emissions decline, due to the cap being lowered
a clear path towards zero emissions within the system(unlike a tax for example)
And this goes back to the first post I made, about the difference between carbon markets and carbon offsets. The EU ETS does not have offsets and does not allow for emitters promising to emit less to be paid for doing so. There are a capped amount of carbon credits auctioned by a government body, which companies emitting within the EU and some other member countries have to buy to be permitted to emit. The amount of credits is lowered every year towards zero by 2050. The money paid goes to the government to be used to support green projects or be paid out to citizens. To put it another way: