And who gets the Money for it?
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There are different schemes. The EU has the largest one afaik.
They have set themselves a limit on how much CO2 should be emitted per year and that is how many certificates are sold. This number shrinks from year to year and the certificates can also be voided by owners if they don’t use or sell them.
They can be traded in an effort to encourage companies that can cheaply reduce emissions to do so, as they in return then make money from selling their certificates.
The money goes into a special fund that then is used to fund projects that help fight climate change, like investing in pilot projects or research.
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