One way of helping improve the global climate is to buy a CO2 allowance or credit, which corresponds to emissions of one tonne of CO2, and then cancel it.
Making a difference or taking initiative to reduce climate impacts is important for many people.
Both companies and individuals are increasingly looking for ways to help combat climate change. People want to take concrete action.
One way of helping improve the global climate is to buy a CO2 allowance or credit, which corresponds to emissions of one tonne of CO2, and then cancel it.
By buying an allowance at the market price and then cancelling it on an account in the Danish Emission Trading Registry, you will be removing permission to emit CO2. This means that the countries or companies which would otherwise use this allowance/credit will be forced to reduce their emissions by one tonne.
A cancellation means there are fewer allowances/credits available on the world market, those emitting CO2 are forced to reduce their emissions by, for example, installing filters in chimneys, reducing heat loss, using other forms of energy etc.
It is not possible to ensure that the reduction will take place in Denmark, but a reduction at global level will also benefit Denmark.
In practice an allowance is cancelled via a company or person who has an account in the Danish Emission Trading Registry. In practice You can find them by Google "annullering af kvoter" or respectively "cancellation of allowances". When the allowance(s) has(ve) been cancelled, if so requested the Energy Agency can issue a certificate of cancellation. The certificate includes the name of the account holder/company. The Danish Emission Trading Registry keeps information on accounts and individuals confidential as well as the amount cancelled. If you want your own name on the certificate of cancellation, you have to set up your own account in the Danish Emission Trading Registry and pay the DKK 600 annual fee.