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How does retiring EUAs differ from retiring CERs?

There are two key differences.

  1. Retiring EUAs reduces emissions in Europe, while retiring CERs reduces emissions in developing countries. See What's the difference between a Certified Emission Reduction (CER) and an EU Emission Allowance (EUA)?
  2. Retiring CERs raises questions about whether the funded projects would have happened anyway. This lack of certainty about the 'additionality' of the projects has been acknowledged by the Clean Development Mechanism Executive Board, the committee which oversees the creation of this sort of carbon credit. EUAs are not generated by projects and retiring them is not open to the same challenge.

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  • "This might just be the world's first truly ethical offseting scheme."

    John Grant, Author of The Green Marketing Manifesto
  • "I have never been a fan of carbon offsetting but Carbon Retirement is different"

    Richard Ellis, Group Head of CSR Alliance Boots
  • "I have long thought European Allowances were the best alternative to offsets"

    Joseph Romm, Former environment advisor to Bill Clinton
  • "Carbon Retirement is an innovative idea that has clear differentiation in the market"

    Jo Hill, Unltd.
  • “We benefit from Carbon Retirement's innovative and responsible approach to carbon offsetting.”

    Adam Black, Head of Sustainability Doughty Hanson

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