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Don't Offset Your CO2 Emissions, Retire Them |
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 LONDON - At the age of 25, Dan Lewer is going into retirement -- carbon emissions retirement that is. Lewer is co-founder of a new online carbon offset company called Carbon Retirement (www.carbonretirement.com), which launched on July 15.
Carbon Retirement offers consumers and companies a novel approach to offsetting their carbon footprint by letting them dip into the European Union's Emissions Trading Scheme, the 27-nation bloc's flagship weapon in fighting climate change.
Now in its second phase running from 2008-2012, the EU scheme sets an emissions cap for its heavy industry and allocates a fixed number of permits, called EUAs, each allowing the bearer to pollute or trade the equivalent of one tonne of carbon dioxide (CO2).
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