Climate-conscious consumers and the buy, bank, burn program

Climate-conscious consumers and the buy, bank, burn program

Climate-conscious consumers and the buy, bank, burn program, Published online: 13 May 2019; doi:10.1038/s41558-019-0482-0

Manipulation of European Union emission trading systems (ETS) by the buy, bank, burn program compensates unregulated emissions while regulated sectors carry a large part of the burden. This distorts the balance between regulated firms and non-regulated projects, so parties outside the EU ETS can be virtuous at the cost of others.