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White paper launched: ‘EUAs for voluntary offsetting: Money for hot air?’

Retiring EUAs is a waste of money as it does not result in any proven carbon reductions, and may cause a net increase in global greenhouse gas emissions.

The authors urge consumers and businesses to consider using other types of carbon offset credits, such as those certified by the Verified Carbon Standard, WWF’s Gold Standard and the Clean Development Mechanism, to safeguard the effectiveness and reputation of their carbon offset programmes.

Mark Chadwick, CEO of Carbon Clear said, “Carbon offsetting has an important role to play for individuals and organisations wanting to take responsibility for the carbon emissions that they cannot reduce. It is vital however that they choose carbon offset credits that they can trust to provide real reductions in carbon emissions, for example through the funding of new green technology in the developing world. EUAs do not offer verified reductions in carbon emissions, and therefore voluntary buyers should consider their use carefully in order to protect the reputation of their carbon offsetting programmes.”

View the EUA Retirement White Paper.