How You Can End Climate Change by Buying Pollution Permits on the Cap and Trade Market

Susan Kraemer — Sat, 24 Oct 2009 17:37:39 +0000

Here’s a revolutionary plan from Sandbag that enables you and me to end carbon emissions by simply buying up and destroying European pollution permits by retiring them off the market, at $40 per permit or ton of CO2.

Sandbag buys up carbon credits from those who have already made energy efficiency investments and as a result have cut their pollution to below their previous level. We buy these clean companies’ credits through Sandbag, and then destroy them so dirty companies can’t buy them.

Britain’s Worst Carbon Polluters Set For Multi-Million Pound Windfall

Andrew Williams — Mon, 15 Sep 2008 14:54:43 +0000

An in-depth investigation by The Guardian newspaper has revealed that many of Britain’s most polluting companies stand to receive a windfall of hundreds of millions of pounds, with no benefit to the environment.

The huge handout comes as a result of the over allocation of carbon permits to some of the biggest names in world business, including Ford, Toyota and pharmaceuticals giant Astra Zeneca.

Under the European Union’s flagship carbon trading scheme, permits are distributed to companies by the government, and are intended to account for their carbon emissions over the following five year period. However, figures published by the European Commission reveal that many recipients have been allocated far too many permits, which they can sell for cash. The total over-allocation runs to nine million permits across 200 companies. At the current price of £21, these could be sold for a total of £189 million (around $340 million).

Green Options » Sandbag

How You Can End Climate Change by Buying Pollution Permits on the Cap and Trade Market

Britain’s Worst Carbon Polluters Set For Multi-Million Pound Windfall