Should the government buy up CO2 permits?

There are too many CO2-emission permits on the market: one could speak of a CO2 'bubble'. With our campaign we want to call on everybody to shake up the EU’s Emission Trading System by destroying CO2 emission permits.  

European member states can also take proper action. This can be done as follows: 

In 2017 the European Parliament has come to an agreement with the EU member states regarding revision of the EU’s Emissions Trading System. Member States can reduce their auctioning volumes when emission permits become redundant due to the closure of coal-fired power plants or further extension of renewables energies. In doing so, member states avoid a further increase in the oversupply of permits and would fully offset the indirect waterbed effects. In these cases, European member states should cancel carbon credits unilaterally or through regional cooperation.

Carbonkiller

Emission trading

Solutions