Let's buy away CO2 rights from coal power plants!

@Muhammad_Fahd_Khan Thank you!

@sarah_chabane Thanks for your great question. In the EU, there is the EU Emissions Trading System. A cap-and-trade system. It is an open market with prices regulated by supply and demand. This system caps emissions from the energy, industrial and aviation sectors and will soon cap emissions from other sectors. To emit one tonne of CO2, a large polluter has to buy one emission allowance. Since coal power plants are among the biggest polluters in the EU, I will use them as an example of a big polluter. Emission allowances are auctioned weekly on behalf of governments. Coal-fired power plants, for example, must also buy these CO2 rights. Otherwise they are not allowed to emit CO2. If they don't have these rights, they have to pay penalties and then hand over the rights anyway. We simply buy these emission rights away and cancel them. That reduces the amount of available CO2 rights. The remaining ones become more expensive. At some point it will simply no longer be worthwhile for coal power plants to emit CO2. In this way, we reduce the amount of CO2 that can be emitted in the EU. At the same time, we accelerate the energy transition. Take a look at our website. There you will find more information: https://www.fortomorrow.eu/en/home Best regards, Chris

@Rentzhog Thank you! Currently, the price is €118 for CO2 offsetting through emission rights only, €72 for offsetting by cancelling emission rights and planting trees (which we recommend) and €25 if you want to offset CO2 by planting mixed forests in Germany. Find more info here: https://www.fortomorrow.eu/en/home