November 3, 2023

Retire CO₂ emission allowances from the EU ETS


he EU CO2 Emissions Trading System (ETS) is a mandatory market for the most polluting industries, such as the energy, aviation, and steel industries. It is considered the EU's key instrument for achieving European climate targets and is supposed to ensure that CO2 emissions are reduced by at least 55% by 2030 and that climate neutrality is achieved by 2050.

With this project, we enable you, together with our partner ForTomorrow, to participate directly in the European Emissions Trading System to actively reduce CO2 emissions in the EU. By purchasing and retiring the emission allowances, the total available amount is reduced, ensuring that less CO2 is produced. We support ForTomorrow in its goal of accelerating the European energy transition to make it climate-neutral as early as 2040.

We have chosen to collaborate with ForTomorrow because we want to play an active, tangible role in the fight against climate change. While many compensation measures are reactive – like planting trees that absorb CO₂ over time – ForTomorrow enables a proactive approach: preventing CO₂ from entering our atmosphere in the first place. This project also has an immediate economic lever effect. By raising the prices for emission rights, environmentally harmful practices become more expensive, which encourages innovations and investments in clean technologies.