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This company participates in state auctions to acquire CO2 allowances required by fossil fuel power plants for their emissions. The acquired carbon permits are then permanently retired by locking them up in a trust. This action directly reduces the available compliance allowances for polluters, effectively banning their CO2 emissions.
Updated 2 months ago
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- This company participates in state auctions to acquire CO2 allowances required by fossil fuel power plants for their emissions. The acquired carbon permits are then permanently retired by locking them up in a trust. This action directly reduces the available compliance allowances for polluters, effectively banning their CO2 emissions.