Carbonkiller

Carbonkiller is a platform that allows citizens to buy and destroy emission permits from the oversupplied European carbon market

Long description

Carbonkiller is a platform that allows anyone to buy and destroy emission permits from the massively oversupplied European carbon market. The corresponding CO2 can no longer be emitted by the industrie. By doing so, we aim to raise the price and to increase public engagement in one of Europe’s key climate tools.

How does it work?

The EU’s Emissions Trading System (EU ETS) is Europe’s key instrument to bring down greenhouse gas emissions in the power and industry sector. However, it is also a very complex system that to date suffers from an oversupply of pollution permits which has led to very low prices.

Politicians have failed to make any meaningful changes to the system, faced on the one hand with the strong lobby of big polluters and on the other due to the limited engagement of the general public. Carbonkiller wants to change this, by raising awareness and enabling citizens, organizations and small companies to participate in the EU carbon market. Together we increase pressure on decision makers to change the system.