TheCompensators* - Be carbon conscious – delete emissions!

Open Letter to Angela Merkel

Compensate!On March 18th, economic, social and climate scientists wrote an open letter (only in German) to German Chancellor Angela Merkel in support of structural reforms to the EU-ETS. The letter signed by 40 top scholars – from schools with strong programs focused on climate change, ranging from the University of California at Berkeley, the Helmholtz Center for Environment Research, the Free University of Berlin and Plymouth University, to name a few – criticized the lack of attention and a lack of a clear position given by the German federal government to Europe’s key framework to achieve its emission reduction targets.

The letter stated that reforms to the ETS are of “fundamental importance” for Europe’s climate policy and the German energy transition. Furthermore, the letter called for urgent action. “Structural reforms of emissions trading are necessary to create long-term shortage of emission certificates, and thus a more efficient framework for climate-friendly investments,” specified the letter.

The group of scholars strongly supported the momentary policy of back loading 900,000 million allowances from the system calling it “necessary” to restore confidence in the emissions trading scheme and to gain time for long-term, structural reforms.

Of great concern is also how the EU-ETS is seen internationally. The letter noted, that if the EU-ETS is not reformed, Europe will lose credibility in future international cooperation projects. This rings true especially with carbon markets being developed in several provinces of China, South Korea, Australia, New Zealand and a few states in the US.

If you would like to compensate for your emissions, click here!

Compensating becomes cheaper again

Compensate!Compensating has become cheaper again! Due to a high overallocation, the prices for pollution rights in the ETS have dropped significantly over the last months.

TheCompensators* have now bought new certificates – and we have paid 4,95 euros per emissions allowance. As always, this price is the basis for “our” price for compensation. We add a premium of 10% for fees and other costs (like our website and our bank account). Thus, the new price for compensation with TheCompensators* from now on is 5.45 euros per tonne of CO2.

The current price for emissions is far too low, a backload of pollution rights as planned by the European Union is more than urgent. However, this price also allows us to retire much more emissions certificates forever. It also makes your donation to TheCompensators* a lot more effective: with the same amount of money, together we are able to compensate for more emissions than ever before!

Compensate your emissions straight away!

TheCompensators*: advancing the post-2015 sustainable agenda

TheCompensators* are proud to announce our participation at the conference “Advancing the Post-2015 Sustainable Agenda.” The conference will take place on March 20 – 22 in Bonn Germany. It will bring together 250 civil society activists, non-governmental organizations and representatives from key stakeholders to discuss on some of the most pressing issues today.

With the upcoming expiration of the Millennium Development Goals in 2015, discussion and consultation processes are taking place all over the globe. The purpose of the conference is to draw together civil society inputs into the Sustainable Development and Post-2015 discussions. Further, the conference strives to bring together key actors in the Post-2015 Sustainable Development discussion helping them to exchange information, learn from each other benefiting from our sector’s diversity and agree joint demands and strategy where possible.

At the conference, TheCompensators* will champion our ideals and will stress the need of a zero-carbon society in the Post 2015 Agenda.

If you want to support our work, click here and compensate for your emissions!

Clean transport faces a screeching halt

Yesterday, in a EU transport meeting, member states were unsupportive of a huge infrastructure package which would help boost the EU’s low carbon vehicle industry. Member states showed a lack of support as such a large package would require a large amount of public funds to finance. The meeting widely discussed Transport Commissioner Siim Kallas’s proposition to multiply by 10 times the number of both recharging and refueling points for vehicles that run on alternative fuels such as electricity, hydrogen and gas.

At the Council meeting yesterday, EU states objected at the spending needed to realize these goals by 2020. EU states particularly contested an obligation for 10% of charging points to be of no cost. Ireland’s transport minister, Leo Vradkar, acknowledged that he was against the proposal as he questioned the feasibility of such project given the timeline. Further, Vradkar showed concern since low carbon vehicle technology is still evolving. “No-one wants to invest large amounts of money in a technology that might turn out to be obsolete quite quickly,” he stated.

If passed, the proposal would mandates a 300 km maximum distance between hydrogen fuel cell refueling stations. Liquefied Natural Gas (LNG) filling stations would be separated by 400 km. Compressed Natural Gas filling stations would be found every 150km. For electric vehicles, the EU’s plans would see recharging points increase according to each member state’s low carbon car production plans. In the UK, for example, stations would increase from 703 last year to 1.22 million in 2020. In Germany, the increase in stations would be from 1,937 to 1.5 million. Finally, France would have an increase from 1,600 to 970,000 stations.

If the proposal were to pass, Europe would be one step closer in achieving its goal of reducing carbon emissions, as cars are responsible for 12% of Europe’s carbon emissions. Further, it would relieve dependence from oil use and help diversify Europe’s energy mix, as the EU’s transportation network is 94% dependent on oil, of which 84.3% is often imported from politically or economically unstable regions. Lastly, it would help maintain competitiveness in the global clean cars race which involves countries like the US, China and Japan.

If you would like to compensate for your emissions, click here!

Poland loses lawsuit against the ETS at the EU General Court

On Thursday, The European Union’s General Court rejected a challenge by Poland over the free allocation of carbon permits to energy-intensive industries.

Poland argued that the rules for free allocation of CO2 permits of the ETS do not take into account the countries situation of being an emerging Eastern European economy with its businesses heavily reliant on coal. Moreover, the country asserted that the method of allocation of free allowances affected a country’s right of deciding its own energy mix. However, the General Court in Luxembourg disagreed with this call.

The General Court stated that the allocation of free carbon allowances is fully accordant with the law and that the Polish complaint had no basis. Further, the Court rejected Poland’s claims that the current system will decrease the competitiveness of companies in the EU whom are dependent of coal.

If Poland seeks to appeal the courts decision, the case will have to be disputed at the European Court of Justice.

Method of Allocation

The method the ETS allocates emission allowances are by firstly giving out free allowances to companies. If companies exceed the given level, they can either choose to buy more allowances through the ETS or to invest in new technology to reduce their carbon emissions. Such a move may result in companies having extra permits to sell to others.

TheCompensators* applaud the decision of the General Court. In essence, the dispute centers on the idea of whether countries in Eastern Europe, which have had limited time to adapt their economies to use greener technologies should have more flexibility to pollute. Given the low price of carbon allowances, TheCompensators* believe that this will not hurt the competitiveness of businesses in Eastern European companies especially when they are given free carbon permits. Further, to avoid buying permits, businesses should have the incentive to invest in green technology instead of contesting an already weak system.  

If you would like to compensate for your emissions, click here!

Two new ambitious structural measures

Today, the European Parliament’s Industry Committee is proposing two ambitious structural measures. Members of the Parliament will vote on these proposals next week which seek to limit the amount of carbon allowances in the EU- ETS, and to consider implementing a carbon price floor. These two new proposals are a result of the inexplicably cancelled vote last week on fast-tracking negotiations with EU states to back load 900 million allowances.

The proposal seeks to remove carbon allowances off the market by steepening the 1.74% annual decline in numbers allocated to member states. The 1.74% annual decline would only achieve a 70% reduction in emissions by 2050, according to the Commission. The carbon price floor is still to be determined.

Politicians are uneasy about supporting any of these proposals. They are against even the slightest increase in electricity prices especially with the current financial crisis. Concerning the back loading proposal, Germany remains undecided on the proposed carbon market reforms with the Environment Minister Peter Altmaier supporting it and the Economy Minister Philipp Rösler opposed. In the European Parliament, there is also a clear split. The European People’s Party bloc and European Conservatives and Reformists remain opposed to back loading, while the Socialists and Democrats, Greens, most Liberals and the far-left bloc clearly support it.

Chris Davies, an environment committee member stated, “Back loading is likely to have a minimal effect on prices.” “It is just a mechanism to try to ensure that the carbon market can continue to function,” he added. These two new proposals however, will further try ensure that the ETS continues to lead Europe in to a low carbon economy.

If you would like to compensate for your emissions, please click here.

Combatting a surplus of Kyoto Allowances

At the Doha COP climate conference last November, the parities came to a decision concerning the large surplus of Assigned Amount Units (AAUs or carbon allowances) from the First Kyoto Commitment Period (CP1) (2008-2012) to the Second Kyoto Commitment Period (CP2) (2013-2020). The decision also tried to solve how to prevent an even further accumulation of a surplus in the CP2.

The surplus in CP1 is around 13 billion tonnes of CO2 allowances. Russia, Ukraine, Poland, Romania, the UK and Germany are the largest surplus holders. There are various reasons for the accumulation of AAUs in various countries. For some countries emission targets were very weak. At the time when the targets for the Kyoto protocol were defined, emissions for some countries were already below the targets established for CP1. Other countries have also had a drastic reduction in their emissions due to the low production levels caused by the economic crisis.

There are three important decision made concerning this topic at COP 18:

  • A carry over of allowances from CP1 to CP2 is allowed, however, there are limits set on their use in CP2.
  • It is impossible for countries that have dropped out of the Kyoto Protocol (i.e Russia or Canada) to sell their surplus allowances.
  • Countries have a restriction on the number of AAUs a country initially receives for CP2.

To read in greater detail about the decisions made concerning the surplus of allowances, please read the paper Doha Decisions on the Kyoto Surplus Explained published by Carbon Market Watch.

If you would like to compensate for your emissions, click here

EU, a strong supporter of a “Decent Life”

Today, the European Commission is discussing the successor of the United Nations Millennium Development Goals (MDG’s), the “Decent Life for All” plan. The plan supported by the EU will seek to fight poverty and encourage environmental protection by merging both goals into a single framework.

The eight targets of the MDG’s were agreed in 2000 with the targets due date expiring in 2015. Many of the targets will be unfulfilled. One goal, for example, is to eradicate extreme poverty and hunger. Studies carried out by the UN show that 1.4 billion people live in extreme poverty, 2.6 billion people, do not have access to latrines, 1 billion lack potable water and more than 800 million people suffer from chronic hunger.

All 27 EU members are meeting to support a post-2015 development plan that commits to helping finance poverty reduction through sustainable growth. All members – despite deep economic and financial troubles faced – will pursue these goals.

Andris Piebalgs, EU Development Commissioner, stated that the new “Decent Life” framework is directed at improving living standards, promoting sustainable development, political empowerment, protection of natural resources, fostering peace and security and ensuring global “equality, equity and justice.”

The UN General Assembly will meet this upcoming autumn to discuss ways to accelerate progress before 2015, the new target year of goals, and start an agreement on what could follow after 2015.

To make a difference before 2015, start by compensating for your emissions.

Debunking the online shopping myth

The Süddeutsche Zeitung, a prestigious German newspaper, published an article in which it sought to debunk the myth that online shopping is better for the environment.

Many companies have championed online shopping as it reduces carbon emissions from costumers. According to the theory, with the click of a mouse, customers can simply obtain their desired goods without leaving the comfort of their home and thus, avoiding carbon emissions. The company German Post DHL, for example, has calculated that shipping a package via its delivery system creates less than 500 grams of CO2 emissions. However, as reported in the article, these calculations are far from the truth.

Carriers will transport the product to the customers home. But, if no one is to be found they will bring it back to the warehouse. Depending on the carrier, they will try to deliver the product up to three times. Afterwards, the buyer will have to go pick it up himself. Further, a good bought on the web, has the disadvantage that one does not have a “feel” for the product. The customer might end up not like the product after all. On average, one in three ordered product will be sent back to the store. This makes an annual total of more than 250 million returned packets. As seen in these examples, e-commerce can be more harmful than beneficial.

TheCompensators* believe that one can seek to improve these practices. Through CO2 compensation, one can make up for the CO2 produced by e-commerce. Also, TheCompensators* recommend shopping through Planet Help. By doing so, one can support a listed NGO without any additional cost. E-commerce might have its disadvantages, but with these tips one is able to make up for them.

If you would like to compensate for your shopping emissions, click here.

Donate to TheCompensators* through the Klimarebellen (Climate Rebels)

There are more and more ways to donate to TheCompensators*. The initiative Klimarebellen (Climate Rebels) by the cooperative society Zukunftswerk has recently started offering compensation services with a new approach: they combine compensation through CDM projects with a donation to a non-profit organization working on climate protection. For every 7 euros, you can delete one tonne of CO2 and donate 3.25 euros to an NGO.

TheCompensators* are proud to announce that we are one of the NGOs you can choose when offsetting with the Klimarebellen!

If you want to learn more about Klimarebellen, have a look at their website [only in German].

Or, if you like our work, donate directly to TheCompensators* by offsetting your emissions!

Europe, on track to achieve 100% renewable energy in 2050

A recent report by the World Wildlife Fund (WWF), based on analysis made by the Dutch consultancy Ecofys, stated that Europe is on track to achieve 100% renewable energy by 2050 given that the bloc signs up to achieve ambitious energy policy goals. The report acknowledged that the goal is realistic although, it would require big improvements in energy efficiency, coupled with greater developments in wind, solar and green transport fuel technologies.

The report could not be published at a better time, as talks will begin today in Brussels to replace the existing 2020 goals to focus on goals for the year 2030. The report found that to make this goal a reality, targets for 2030 should include energy savings of at least 38% compared with business as usual levels, 40% of fuel should come from renewable sources and carbon emissions should be reduced by 50%.

An assesment published on 2011 by the European Commission stated that Europe is on track to reach and even overshoot its CO2 emissions target by 0.9%, and to meet its renewable energy target. EU states have committed that by 2020 they would cut carbon emissions by 20%, increase the share of renewables in their energy mixes to 20%, and improve their energy efficiency by 20%. However, the existing efficiency target is the only non-binding target of the 2020 goals and has proved very hard to meet by all sides. This is the only target that according to estimations will not be achieved.

According to the assessment, countries with high biomass usage such as Sweden, Estonia and Romania have almost reached the 20% target while Britain, Malta and the Netherlands will need to make greater efforts to accomplish the goal. Italy and Lithuania, the assessment added, will only do so with the help of cooperation mechanisms.

If you want to help Europe achieve its CO2 emission goals, click here to compensate for your emissions.

Interactive Carbon Market Map

Did you know Kazakhstan has an Emissions Trading System (ETS) in force or that China is running at the moment 3 different ETS pilot systems?

Now, thanks to the Interactive ETS map developed by the International Carbon Action Partnership (ICAP), you can find out the latest information about carbon market systems around the world!

The map allows users to visualize the status of ETS in other countries, to access information on the schemes and to compare and contrast the various systems.

About ICAP: ICAP was established in October 2007 in Lisbon, Portugal. It is an open forum led by public authorities and governments of countries or regions that have implemented or are pursuing the implementation of a carbon market.

To make a statement towards the improvement of the EU-ETS, compensate your emissions!

Members of the Parliament want to stop the decline of carbon emission prices

Today, a group of lawmakers of the European Parliament’s Environmental Committee voted in favor of  “back loading” 900 million allowances from auction and thus creating a market scarcity in the ETS. The vote was passed with 38 members in favor and 25 against showing a slightly larger margin of victory than initially expected. Due to this favorable result, the back loading plan will now be considered by the European Parliament in April. If the parliament were to approve the plan, the number of emission allowances sold in the market would be substantially reduced.

The over allocation of carbon allowances has harmed the EU-ETS with prices stagnating at €4. In January of this year, the ETS suffered its greatest drop in price with allowances being sold at €2.81 a tonne. The back loading plan is meant to increase the stagnating price of allowances by taking out 900 million allowances momentarily from the ETS and then bringing them back into the market in 2020.

Environmentalists argue that the oversupply of allowances should be permanently deleted from the system to increase the competitiveness of green technology. On the other hand, lobbyists such as BusinessEurope argue that an increase in energy prices due to the ETS will damage Europe’s competitiveness and will increase carbon leakage.

TheCompensators* believe that the ETS should permanently retire up to 1.4 billion emissions allowances which are clearly in oversupply. Harsher measures need to be taken if Europe wants to achieve its emission reduction targets by 2020 and also properly rescue the ETS.

Our Concept: What TheCompensators* do and how we want to achieve our goals

TheCompensators*What exactly do TheCompensators* do? Why? How are they organized? How do they work? What are the expectations for the future of the organization?

During an intensive weekend meeting, we asked ourselves these questions again – because we believe that the work of an association such as ours must always be questioned over and over again! The result we came up with is a detailed concept paper, in which we answer all of the questions given above.

Since the creation of TheCompensators* in 2006, we have fought to reduce carbon emissions in Europe and thus prevent climate change. Since our beginnings, we have found more and more people who want to become members or that would like to support us with donations.

One reason for such strong support is not only because we have clear values ​​and a clear vision, but also because we try to be as transparent as possible.

And that is why everyone can read our concept paper.

Have we been able to convince you with our work? Then start compensating for your emissions!

Time to take Action

The European Emissions Trading Scheme (ETS) is not functioning as planned. In 2011 the cost of an emission certificate was 17 euros. Today, companies pay only 3 or 4 euros per tonne of emitted CO2. In January, the German federal government stopped an  auctio of allowances because the demand was not high enough.  In an article, the newspaper “Süddeutsche Zeitung” criticised the system because “polluters have hardly if any incentive to invest in emissions-reducing technology.”

The price decline has far reaching implications and threatens especially the successful implementation of the 2020 German climate targets. For example, funding for the renovation of buildings to decrease their CO2 consumption, urban energy renovation and energy research and development, for example in the field of electric mobility are all supposed to be financed under the ETS-powered Energy and Climate Fund. The federal government had expected to earn 10 euros per sold certificate.
Nevertheless, not only the federal government is affected. German companies are also worried about their income from certificate sales. In an appeal to Chancellor Angela Merkel, a group of companies such as Alstom, EnBW, E.ON, Otto, Puma and Shell as well as the non-governmental organization German Watch jointly called to protect investments made towards climate friendly technology. The “one-time removal of surplus emission allowances from the market” is absolutely necessary”, said the joint statement and added: “specifically, we ask the federal government,  to approve the proposal of the European Commission to change the schedule for the auction of emissions allowances. “In addition, we ask for a more stringent annual adjustment during the issuance of new certificates.

Christoph Bals, political director of the NGO German Watch, stated: “The federal government has, thanks to the uncertainty of the economy minister not even its own position to repair the system of emission trading. All of Europe is waiting for Germany to take action… therefore, more and more companies require the federal government to take the lead.”

Through TheCompensators*, you help save the ETS. With the help of your donation, we will be able to buy emissions certificates at the current low prices and delete them forever from the system. Get started now!

Gift Certificates for any occasion!

christmas-certificate-small

One of the most common questions we receive from donors is: Can one give away emission certificates as a present? Sure you can and not just for Christmas!

We currently offer three different types of certificates. You can learn how it works exactly when you visit our new page for gift certificates.

You want to donate and need no gift certificate then click here!

TheCompensators* gain their first member company

TheCompensators* have gained for the first time a company as a supporter! We would like to give a cordial welcome to the publishing house Monsenstein & Vannerdat as a new member and supporter of TheCompensators* e.V. The publishing company is compensating for their entire annual emissions through us.

So far, only private individuals had opted for a membership with TheCompensators*. Yet, according to our statute our membership is also available to so called legal persons such as companies or other associations. We are very pleased that through our actions and campaigns, we have been able to successfully convince a company of joining us.

“In the fight against climate change, the commitment of every
individual is very important. Companies, in particular, can set a good
example in this area,” says the chairman of TheCompensators*,
Antonella Battaglini. “By compensating through the European Emissions
Trading Scheme (EU ETS), we recognize it as the main tool of the EU in
the fight against climate change. We support the system and ensure
through compensation that the system can be highly effective.”

“The publishing company Monsenstein & Vannerdat has already done much to
reduce its greenhouse emissions. It is only logical to compensate for
the entirety of its emissions, so as to be carbon neutral,” says
Florian Zickfeld, Vice Chairman of TheCompensators*. “Monsenstein & Vannerdat is
symbol for what a company can do for effective climate policy.” The company, for example, uses almost exclusively FSC-certified paper from sustainable forests,
and transports all its books in a CO2 neutral fashion. Further, the
company uses only electricity produced from renewable sources and uses
low-carbon emission heating.

Prior to their decision of working with TheCompensators*, the
publishing house Monsenstein & Vannerdat researched the various
options for compensation, says Johannes Monse, publishing director at
Monsenstein & Vannerdat. Finally, the company decided that it was
best to work alongside TheCompensators*.

“We found various compensation methods from reputable vendors that
were rather convincing, however, TheCompensators* work voluntarily,”
says Johannes Monse. “We like this aspect because it greatly increases
their credibility.”

The management of the publishing house also appreciated the fact
that the TheCompensators* was founded by scientists that deal
with climate impact research. “From this, we concluded that it was
ideal to support the institution that has the clearest expertise,”
Monse stated.

The publishing director praises the fact that TheCompensators* “delete
certificates and do not finance projects.” “Through this method, we
have a very direct reference to the changes made through our
compensation. With a funded project it is never clear what percentage
of the donation is going directly towards the cause and how much stays
within the organization.”

If you also like our organization, you too can compensate for your emissions through us!

Our most successful Christmas Action so far!

christmas-certificate-smallTheCompensators* would like to thank all their donators, members and supporters for making our 2012 Christmas action the most successful one so far. During the month of December, we sold and eliminated a total of 87 certificates and thus collecting a grand total of 620 euros of donations!

At the Alt Rixdorfer Christmas Market in Berlin, Germany, TheCompensators* sold a total of 64 Christmas certificates.

Also, through our online advent calendar we were able to inform about the dangers of global warming and as a result sold 23 more certificates.

If you would like to give out a carbon certificate as a present, you do not have to wait until next Christmas. Our gift certificates are now available all year long!

We would like to give a special recognition to Zsofi Lang for
designing our Christmas certificates and Antonio Acerbi for designing
our advent calendar.

If you would like to donate to our organization, please click here!

Modest Results at the UN Climate Conference

On December 7th, the long awaited UN Climate Conference came to an end. For two weeks, negotiators from 200 countries met in Doha, Qatar to debate on how to slow global warming and on concrete measures to protect vulnerable countries from the impacts of climate change.

The package of decisions included an extension of the Kyoto Protocol, weak affirmations of adopting a new global climate pact that would affect all countries by 2015 and vague promises to help poor countries face the challenges of climate change.

Summary of the results:

  • Kyoto Protocol

The Kyoto Protocol was extended until 2020 to fill a momentary gap until a global treaty is agreed upon. The second phase of the Kyoto Protocol is a weaker one covering only 15% of global emissions after Canada, New Zealand, Russia and Japan decided no longer to support it.

  • Global Treaty

The decisions in Doha signaled that in the future, the talks will focus on a new global treaty that would apply to both developed and developing countries. The new treaty is expected to be agreed upon in the upcoming conferences, adopted in 2015 and take effect five years later.

  • Global Warming Fund

Global warming could include flooding of coastal cities and island nations, disruptions to agriculture and drinking water, and the spread of diseases and the extinction of species. The issue is even more important after a recent statement by the World Bank projecting temperatures to rise by up to 4 degrees Celsius by 2100.

With this in mind, poor countries especially those composed of various islands demanded for rich countries to increase their climate change aid to $100 billion annually by 2020. Rich nations, however, crippled by an ongoing financial crisis and ongoing austerity measures did not talk in much detail on measures to aid poor countries.

Dont forget to compensate for you emissions by clicking here!

Carbon markets becoming increasingly popular despite low ETS prices in 2012

Some would agree this was not a good year for carbon markets. This year the price of emission credits continued to stall due to a lack of demand for emission credits, partly due to weak CO2 reduction targets, a large surplus of certificates and the European economic crisis. Further, a few days ago, the UN Climate Conference in Doha, Qatar came to an end. From the conference, little was delivered. The conference could barely manage to ensure the continuation of the Kyoto Protocol after 2012 however, with key players like Russia and Japan discontinuing their commitment.  To make matters worse, on Wednesday December 14th, 500 police officers raided the offices of Deutsche Bank at various major German cities. The raid was lead due to an investigation of tax evasion connected with the trading of carbon permits.

Despite these troubles and disillusionment this year, carbon markets continue having a strong following across the world. The state of California will start its own carbon market in 2013 with Massachusetts soon drafting its own version. Australia will start its own carbon market in 2015, and important countries like China, India and South Korea are beginning to design one also.

Joan MacNaughton, President of the Energy Institute in the UK and senior adviser to the World Energy Council believes that carbon markets, are too valuable to let go to waste as they generate investment in emission reduction projects at the scale that is needed. According to her, “such an approach is the most efficient way to address the climate problem.”

Support carbon markets and compensate for you emissions by clicking here!

Allegations of Carbon Trading Fraud at Deutsche Bank

On Wednesday December 14th, German prosecutors raided Deutsche Bank offices in Frankfurt, Berlin and Dusseldorf, Germany, due to an alleged tax evasion scheme linked to carbon credits.  According to the authorities, 25 Deutsche Bank employees, among them the co-CEO , were suspected of serious tax evasion of hundreds of thousands of euros, money laundering and obstruction of justice.

Of the 25 under investigation, four Deutsche Bank staff workers 4 have already been sentenced to jail. The fraudulent traders are alleged to have bought millions of carbon credits outside of Europe, thereby evading strictly monitored EU taxes, and then reselling the certificates under cover.

Investigations had started since 2010 against individuals suspected of tax evasion in the trading of emission certificates.

Give deleted emission certificates as a present!

Are you looking for a Christmas present? Why not give something meaningful: climate protection!

The nations are debating how global warming might be limited and how the climate might be protected in Doha, Quatar at the moment. To date, it once again appears that the necessary decisions will not be taken.

But you have the opportunity to become active yourself in advancing climate protection! Compensate your emissions or simply send out a signal: make a donation to TheCompensators* so that we can withdraw emission rights from the European Emissions Trading Scheme and thus reduce the amount of emissions which European industries are able to emit.

If you want to give away emission certificates as a gift, send us a quick e-mail to info_at_thecompensators.org after your donation. You will then receive a Christmas certificate in addition to your donation receipt.

Compensate now!

You can also shop your christmas presents online in order to support TheCompensators* – it won’t cost you a penny more. It’s really easy!

Obama Protects American Airline Companies

On November 27th Obama signed a bill that protects American airline companies from paying a carbon tax for each tonne they emit when flying into and out of Europe. The bill is an intricate piece of legislation as it allows the American transportation secretary the power to protect US airlines from obeying the laws of the EU ETS. The US Senate passed the bill even with the recent decision of Connie Hedegaard, EU Climate Commissionaire, to pause all negotiations for an aviation emissions law.

“The Obama administration is firmly committed to reducing harmful carbon pollution from civil aviation both domestically and internationally, but, as we have said on many occasions, the application of the EU ETS to non-EU air carriers is the wrong way to achieve that objective,” stated Clark Stevens, a White House spokesman.

Clark Stevens declared that the Obama administration is focused on making progress toward a global solution to reduce aviation emissions under the International Civil Aviation Organization (ICAO), the U.N. body that deals with aviation issues.

Negative Economic Results

Airlines for America, the U.S. airline industry’s main lobbying group, praised President Obama for his decision. The lobbying group also favored working through the ICAO to solve this problem. According to estimates made by Airlines of America, complying with the EU law would have cost U.S. airlines $3.1 billion between now and 2020.

“It never made a bit of sense for European governments to tax our citizens for flying over our own airspace – and with the passage of this law we’ve got the tools we need to prevent it from happening and protect American jobs,” said Democratic Senator Claire McCaskill, a co-author of the bill.

TheCompensators* would like to announce their Advent Calendar!

Celebrate the holiday season by welcoming December 24th with TheCompensators*

Our advent calendar will begin on December 1st. Each day, we will present the reader with a small piece of the latest information concerning climate change, facts about environmental degradation, important dates to note and the dangers of CO2 emissions. Also, for each day, leading up to December 24th, we will be deleting CO2 certificates according to the number of the day. For instance, we will be deleting 1 ton of CO2 on the 1st day, 2 tonnes on the 2nd, 3 tonnes on the 3rd and so on respectively. Therefore, we will be deleting a grand total of 300 tonnes!

Join us in our cause and protect the climate with us this Christmas.

Make sure to follow our calendar and open the first door on December 1st!

Don’t forget to compensate for you emissions by clicking here!

California’s New Carbon Market: The Second Largest in the World!

On November 14th, after 6 long years of waiting, the state of California became the first state in the United States to sell emission-trading certificates. On the first day of auction, the carbon market sold a total of 23.1 million certificates for a total of 233 million dollars making it the second largest emission trading system in the world, with the EU ETS on the first place. Given California’s importance as one of the most populated states in the US and making its economy one of the world’s strongest, this is a major breakthrough for climate policy.

Mary Nichols, Chairman of the California Air Resources Board, called the first auction a “complete success.” “This is an important milestone of our state,” Chairman Nichols proudly stated.

In this first round of auctions, 350 companies known to be major polluters, such as, cement plants, steel mills, refineries, and electrical manufacturing plants, took part in the auction. In years to come, the emissions market will include other industries.

Description of California’s Cap and Trade Market

Carbon auctions will be held four times per year until 2020, when the system will be re-evaluated. The total amount of certificates will be declining over time to encourage industries to emit less CO2.  The money gained from each auction will go towards state investments with 25% of the money meant to support disadvantaged communities (although the details of such investments are still to be determined). The California Cap and Trade Market will try to prevent the price volatility seen in the EU ETS by establishing a price floor of certificates at $10 per tonne.

TheCompensators* believe that California has made a huge step in favor of progressive climate policy and believe that other states of the US should follow this example. Further, we believe that the EU ETS should learn from its mistakes and imitate ideas from other carbon market systems. We support, for example, the idea of a price floor. This measure would help increase the current price of emission allowances which has stagnated at 6 Euros per tonne.

Compensate for you emissions here!

2012 Offsetting Report by Sandbag

 

Sandbag, a British not-for-profit environmental campaigning organization, published a new report a few days ago called “Help or Hindrance, Offsetting in the EU ETS.” In this report, Sandbag analyses the impact of offsetting methods, such as, Clean Development Mechanism (CDM) and Joint Implementation (JI) projects.

In their previous report published in July, Sandbag noted that
the ETS “drove 2.2 billion tonnes fewer emission reductions than the
policy was expected to deliver when the caps were last set in 2008.”
Based on these results, the recent report questions the use of
offsetting as a tool to combat climate change, due to the
questionable investments, and the use of offsetting overall, given
the stagnant low carbon price.

“Offsetting was supposed to be a price containment measure to ensure
that carbon prices didn’t rise too high. Carbon prices have remained
low due to excess supply in the market,” stated Rob Elsworth, policy
officer at Sandbag. “Offsets are contributing significantly to this
oversupply and are now depressing prices so low that the EU ETS almost
ceases to have a function”, he adds.

An important finding of the study is the 85% increase in offsets being
surrendered into the EU ETS between 2010 and 2011. However, looking closer at these offsets, Sandbag observes that most of these offsets come from industrial gas credits for projects in China. The report shows that in 2011 there was a surge in use of these credits, anticipating the impending EU ban on industrial
gas credits from 2013. To this surge of credits, the report states, “Compliance installations are rushing to surrender cheap international credits while they are still available, so as to free up domestic allowances that can be banked forward indefinitely.”

Restructuring EU ETS
TheCompensators* agree with Sandbag’s position about the necessity of improving the EU ETS for its upcoming Phase III. As stated by Sandbag, some problems that should be assessed are the oversupply of carbon allowances leaving
the price below €8 per tonne and the 1.6 billion tonnes of offsets that
will be allowable for use in Phase II and III of the EU ETS, among others. Furthermore, to improve the quality of offsetting projects, investment
in coal or hydro power related projects should not be allowed, as this would force companies to reduce their emissions instead of strongly relying on offsets.

Sandbag, however, does note that some progress has been made to
improve offsetting. Prior to 2011, offsetting would be practiced in
very few countries such as China and Russia. Yet, for the first time
in 2011 countries such as Costa Rica, Uzbekistan, Georgia, Fiji and
Thailand saw their credits enter the EU ETS. Part of the reason for
this is that, starting in 2013, only projects coming from least
developed countries will count as an offset project. According to
Sandbag, it is anticipated that the majority of these credits will
come from Angola, Bhutan, Cambodia, Uganda and Lao.

TheCompensators* are convinced that working on restructuring of the ETS is a must for the EU and, even if the carbon price is lower that it should be, compensating through the EU ETS is the most powerful mean of compensation. To read more, why compensating with TheCompensators* is different, please read “What makes TheCompensators* special.”

To compensate right now, click here.

Deleting 500 tonnes in support of Progressive Policies


In connection with the upcoming COP18 conference and the holiday
season, TheCompensators* will delete 500 tonnes of CO2 as a political statement for progressive policies. More on our Christmas actions will follow soon!

Doha COP18
Today, delegates from 194 nations, 7,000 representatives of
non-governmental organizations, and more than 1,500 members of the
global and regional media will meet for the 2012 round of the UN
Climate Change Conference, in Doha, Qatar. The 18th session of the
Conference of the Parties (better known as COP18), starts on November
26 and end on December 7. COP18 will discuss on one of the most
critical issues of our time faced by all 7 billion people in the
world: climate change.

Climate change’s impacts are already being felt across the globe
through increasing temperatures, droughts, wildfires and sea level
rise. Further, extreme weather events such as the recent Hurricane
Sandy should serve as a reminder that catastrophes will be seen more
often if action is not taken. At the conference in Doha, officials
will need to resolve the future of the Kyoto Protocol, finalize the
rules of past decisions and come to an international climate
agreement by 2015.

At the UNFCCC conference in Cancun, two years ago, negotiators and
policy makers agreed that the world should limit its global average
temperature rise to 2 degrees Celsius. Scientists and scholars
however, have recently stated that, the world is currently not on
track with this goal and that we are currently a long way off. The
progress made in Cancun has yet to be seen. The COP18 has a lot of
goals, but due to the lagging performance in recent years, it has low
expectations from the public and media.

TheCompensators* believe that deterring climate change is urgent. We
strongly urge policy makers at the COP18, to finally make a
comprehensive, legally binding climate protection agreement for the
time after 2012 that ensures global warming will stay well below 2
degrees Celsius. Lastly, we have high expectations for the conference
and by deleting 500 tonnes of CO2, we are showing our support for
better policies.

Make sure to compensate your emissions!

Momentary Pause on Aviation Emissions Law

Connie Hedegaard, EU Climate Commissioner stated on a recent press conference that plans have been put on hold to make international airlines pay for their carbon emissions. Plans will be on hold to allow the UN airlines body enough time to devise an alternative global scheme and until the next International Civil Aviation Organization (ICAO) meeting takes place next autumn 2013.

“In order to create a positive atmosphere, I have just recommended that the EU stops the clock when it comes to enforcement of aviation into the Emissions Trading System (ETS) to and from non-European countries,” stated Hedegaard.  However, Hedegaard emphasized that the suspension would only last one year.

Non Compliant States

Heedegard, as well as other EU countries have mentioned an interest in applying a global ETS system for airlines. For instance, EU states have been preparing to take enforcement measures against non-compliant airlines from China and India to begin surrendering carbon allowances. However, this is rather difficult to achieve especially with countries like the US which in September of 2012 passed a bill exempting US airlines from participating in the EU ETS.

Tim Johnson, director of the Aviation Environment Federation in London stated that it would be tough for the EU to reject a scheme that emerged from the ICAO process. He admitted that emissions reductions would be larger under a weaker global scheme, than in a more stringent Europe-only system.

To find out more, read the full article on Eur Activ.

Click here to compensate for your airline emissions!

Carbon Market Reform Package

On November 15, the EU proposed various measures to adjust an oversupply of up to 2 billion emission allowances that are unlikely to decline before 2020. Climate Commissionaire, Connie Hedegaard argued that although there have been emission reductions in Europe since the creation of the ETS, an oversupply of allowances and a low price in carbon credits has negatively affected investments in energy efficiency and green technology. “We must not flood a market that is already oversupplied,” Hedegaard said.

Backload of Allowances

A ‘backload’ or delay in the auctioning of 900 million carbon allowances in Phase III of the ETS, which begins next year, for example, is also a measure that will be used to combat an oversupply of allowances. The 900 million figure was the middle option of the EU’s three suggested figures of 400 million, 900 million and 1.2 billion allowances.

Since the backload proposal was announced, carbon prices rose slightly to over €9 in anticipation of the move. This is an improvement on recent price lows of around €6 a tonne, although the price is still well below the €30 a which was predicted four years ago. Instead of canceling 900 million allowances, the EU plans to auction the backloaded allowances in the last two years of the 2013-2020 trading period. Market analyst believe that if the 900 million allowances were canceled, the price for emission credits would rise to €15 a tonne by 2020.

Remedies

Other potential remedies proposed were:

  • Increasing the EU emission reduction target to 30% in 2020;
  • Permanently cancelling a number of allowances in Phase III (as of 2013);
  • Increasing the 1.74% annual decline in the cap on allowances that can be allocated to member states up to and beyond 2020;
  • Extending the scope of the Emissions Trading System, or ETS, to other sectors;
  • Limiting the use of international credits in the ETS;
  • Introducing discretionary price management mechanisms, such as a carbon price floor or reserve price.

TheCompensators* believe that the EU should permanently cancel more than 900 million carbon allowances. Several studies have suggested that if the goal is to make renewable energy competitive and replace fossil fuels, the price of carbon allowances must be 50€. For this to occur, tougher remedies must be put in place.

To compensate for your emissions, click here!

Welcome Carbon Market Watch!

Welcome!
TheCompensators*, would like to welcome Carbon Market Watch as a new NGO working to improve carbon markets! We are particularly enthusiastic for the future possibility to work along with yet another forward-thinking organization.

Carbon Market Watch will monitor the ETS, as well as, other carbon markets around the world. Due to the rapid growth of carbon market initiatives in other countries, Carbon Market Watch was developed to oversee the effectiveness of these new markets and the successes of their policies, as well as, advocate for fair and effective climate protection.

On the day of the organization’s foundation, Director Eva Filzmoser stated, “New Carbon Initiatives are planned and being implemented around the world. They all need Watching.”

New Beginnings
Carbon Market Watch is simply the new name of the previous organization named CDM Watch, an organization set up in 2009 to provide an independent perspective on individual CDM projects and to critically assess the politically decision-making process affecting wider carbon market developments. CDM Watch made a fantastic job by successfully advocating stronger civil participation, policy changes and uncovered unprecedented scandals in the CDM.
Carbon Market Watch will continue covering Clean Development Mechanism (CDM) activities; however, it has expanded its line of work now covering new market mechanisms, the EU-ETS, Joint Implementation (JI), emission trading and mechanisms to reduce emissions from degradation and deforestation (REDD).

Visit the new Carbon Market Watch webpage!

Don’t forget to compensate for you emissions here!

Introducing our First Intern

Abraham Menaldo our first intern!

For the first time since the founding of TheCompensators*, we have an intern! We are very pleased to have someone so motivated and supportive and for us to provide a comprehensive insight into the world of compensation and emission trading.

Abraham Menaldo, a recent graduate from Austin College, has interned with TheCompensators* since October and will continue working together with us until next year and support our goals of compensation and a better emissions trading scheme.

After his college graduation in May, Abraham was selected as one of 75 participants for the 2012-2013 Congress-Bundestag Youth Exchange for Young Professionals (CBYX). The fellowship supported by the American Congress and the German Bundestag includes a year-long experience of training, study, and an internship in Germany. For his internship, Abraham decided to join TheCompensators*.

With a double major in Economics and German and a minor in Environmental Studies, as well as, previous experience interning with the Economic Commission for Latin America, where his tasks included informing policy makers and other citizens about environmental issues and researching on how trade and tourism could be affected by climate change, interning with TheCompensators* was, “a perfect fit” for him.

Through TheCompensators*, according to Abraham, he was able to find the perfect organization to fit all of his interests. As soon as he learned of our organization, he knew he had to apply for the position. “Working here has helped me put into practice what I learned in college and further, it has put my German proficiency to the test.” Being part of TheCompensators*, he states, has given me the great opportunity to be part of an organization that directly fights to improve climate policies in Europe.

“I have had a great experience so far, it is definitely a unique organization to work for” Abraham remarks. “One day I might help plan one of our campaigns, the next day, I might read the most recent report that talks about changes in environmental policy in Europe, and then another day, I test my creativity by decorating gift boxes to sell at our stand for a Christmas Market. Everyday there is definitely something motivating to do.

Want to know, who else is working for TheCompensators*? Click here to find out!


Abraham Menaldo our first intern!
For the first time since the founding of TheCompensators*, we have an intern! We are very pleased to have someone so motivated and supportive and for us to provide a comprehensive insight into the world of compensation and emission trading.Abraham Menaldo, a recent graduate from Austin College, has interned with TheCompensators* since October and will continue working together with us until next year and support our goals of compensation and a better emissions trading scheme.After his college graduation in May, Abraham was selected as one of 75 participants for the 2012-2013 Congress-Bundestag Youth Exchange for Young Professionals (CBYX). The fellowship supported by the American Congress and the German Bundestag includes a year-long experience of training, study, and an internship in Germany. For his internship, Abraham decided to join TheCompensators*.

With a double major in Economics and German and a minor in Environmental Studies, as well as, previous experience interning with the Economic Commission for Latin America, where his tasks included informing policy makers and other citizens about environmental issues and researching on how trade and tourism could be affected by climate change, interning with TheCompensators* was, “a perfect fit” for him.

Through TheCompensators*, according to Abraham, he was able to find the perfect organization to fit all of his interests. As soon as he learned of our organization, he knew he had to apply for the position. “Working here has helped me put into practice what I learned in college and further, it has put my German proficiency to the test.” Being part of TheCompensators*, he states, has given me the great opportunity to be part of an organization that directly fights to improve climate policies in Europe.

“I have had a great experience so far, it is definitely a unique organization to work for” Abraham remarks. “One day I might help plan one of our campaigns, the next day, I might read the most recent report that talks about changes in environmental policy in Europe, and then another day, I test my creativity by decorating gift boxes to sell at our stand for a Christmas Market. Everyday there is definitely something motivating to do.

Want to know, who else is working for TheCompensators*? Click here to find out!Abraham Menaldo our first intern!

TheCompensators*: Breaking the Walls of Climate Change

Berlin, Germany,
On November 6th, Florian, member of TheCompensators*, held a presentation named Breaking the Walls of Industrial Pollution for the prestigious Falling Walls Lab. Florian talked about the TheCompensators* grassroots approach of using the ETS to pursue a breakthrough in climate policy.

The Falling Walls Lab offers the opportunity for academics and professionals to present their outstanding ideas, research projects and initiatives in 3 a minute presentation.

Key statements from the TheCompensators* presentation:

  • “In only two years the surplus of emission certificates has increased fourfold which has halved the price of emission rights to 7€ per ton”. The current price is not enough to increase investment in clean technologies and therefore, will not help enough the European Union reach the target of reducing Greenhouse gas emissions of 80% by 2050.
  • However, TheCompensators* offers a platform to help modify this system. By buying these emissions through TheCompensators*, emission allowances are deleted and are never to be used. Thanks to TheCompensators* not only firms or politicians are able to change the current climate policy, but also the common citizen.

Be and active citizen and help modify the current climate policy by compensating emissions and click here!

Compensate this upcoming Holiday Season!

The long awaited holiday season is finally coming in a few weeks!

This season is the perfect time to reunite with family and friends. It gives us the opportunity to gather with those we love and those whom we care for. Some of us might even buy presents to show how much others mean to us. If this season, you buy the gifts for your loved ones online, you can also do something for the climate because, TheCompensators* are member of PlanetHelp.

TheCompensators* is a member of PlanetHelp. Through PlanetHelp You too can make a contribution to our work while shopping on the internet – without paying more.

Why choose TheCompensators*?

A common belief is that online shopping is good for the environment, however, the Institution of Engineering and Technology (IET) issued a report in 2010 stating the ‘rebound’ effects of activities that are commonly thought to be green. The report highlights that buying goods online can provide carbon savings; however this is easier said than done. The study found that environmental savings can be achieved if online shopping replaces 3.5 traditional shopping trips, or if 25 orders are delivered at the same time, or, if the distance traveled to where the traditional purchase is made is more than 50km.

Shop online and support TheCompensators*

If you are buying online this holiday season, make sure you compensate for these harmful emissions.

How can you help TheCompensators*?

It is very simple!

1) Click here to see all the shops that support PlanetHelp.

2) Find your favorite shop

3) Choose TheCompensators*

4) Buy presents for your loved ones!

Planet Help facilitates financial support to aid organizations through online shopping. If one buys from one of the partner shops of PlanetHelp, the shop provider pays PlanetHelp advertising and commission fees. The costumer is able to buy online, make a good deed and support aid organization without any extra cost!

You can also directly compensate your emissions by clicking here!

Changes to the ETS

In 2013, the 3rd phase of the EU Emission Trading system (EU ETS) will start, and thus bringing a number of significant changes. Phase three lasts from 2013 to 2020.

  • Auctioning of EUAs becomes the rule instead of the exception.
  • Today, at most 10% of EUAs can be auctioned
  • No free allocation of EUAs to electricity production (for some Member States gradual transition until 2020 to allow for modernization of the electricity sector: Bulgaria, Cyprus, Czech Republic, Estonia, Hungary, Lithuania, Poland and Romania)
  • Non electricity sectors: rule harmonization among EU member states and ex-ante benchmarks for free allocation to incentivize CO2 reduction efforts
  • Free allocation will be reduced from 80% of eligible emissions in 2013 and to 30% in 2020, reaching 0% by 2027
  • A new entrants reserve of 5% of phase 3 EUAs will be used to facilitate incorporation of additional polluters entering the system (e.g. as aviation since January 2012)
  • From 2013 on, certain projects will not be eligible anymore for including credits into the ETS. These projects include CDM projects outside the least developed countries and projects that aim at reducing the emission of highly harmful greenhouse gases such as HFC-23 and N2O. Until now, both types of projects offer an easy opportunity for acquiring CERs (Certified Emission Reductions) and ERUs (Emission Reduction Units) in return for emission reductions that are disproportionately cheap to have.

But although the new regulation is a good move its implementation is not happening fast enough. It is expected that large amounts of emission allowances will enter the market before the new rule becomes effective in April 2013

  • Technical changes, e.g. administration on European level and to avoid VAT tax fraud. Germany, the UK and Poland have opted not to participate in the common auctioning platform but to implement their respective country platforms (which will be compatible with common platform)

Criticism of TheCompensators*

  • An amount of 300 million EUAs form the new entrants reserve is made available to the market in the beginning of phase 3. The revenue from these allocation will be used to finance Carbon Capture and Storage technologies (CCS)
  • Yet, the positive impact of this step is uncertain. It is debatable whether CCS will make a major contribution to decarbonization in Europe, e.g. due to public resistance, as claimed in a recent report of the DIW
  • Finally, by issuing 300 million allowances at once will lower the EUA prices. Eventually, cheap certificates also present a negative economic incentive to invest in and build CCS.

If you want to help decrease emissions, compensate your emissions with TheCompensators*

Problems of the ETS: The Other Euro-Crisis

“The other Euro crisis” – that is how the European Energy Review calls what is happening to the European Union Emissions Trading System (EU ETS). In an article on the new measures proposed by the European Commission, author Sonja van Renssen explains why the current crisis puts at risk the whole EU climate policy.

The European Commission states that there are two main problems: a surplus of approximately one billion extra emissions allowances in the carbon market, as well as, a stubborn low price of these carbon permits.

The Commission has developed two different measures to solve these problems. The first is to delay the sale of extra carbon allowances into the market. The second measure is to implement structural reforms to the ETS.

Some member states and energy-intensive industries are discontent with the Commission’s power to sell allowances at will, while other industries are worried that those delayed allowances may never make it into the market.

Entire Climate and Energy Policy at Risk

The purpose of the EU ETS, as the European Energy Review correctly states, is that the ETS, “is intended to form the backbone of the EU’s entire climate policy.” If the current issues of the ETS are not resolved the European Union’s entire climate and energy policy will be at risk. The Commission has not yet specified the amount of allowances that will be delayed or the reforms that will be made.

The Compensators* support the proposal of deleting the extra allowances that are currently part of the system. Delaying the sale of allowances only to reintroduce them later will not help decrease emissions or increase investment in low-carbon technology.

The reason for the current low price of the carbon permits is the over supply of allowances. With less permits in the market, prices of emissions will rise and consequently firms will have to decrease their emissions in the long run.

If you want to decrease the number of permits right away, compensate your emissions with TheCompensators*!

Evaluation of the Second Phase of the EU Emissions Trading Scheme 2008-2011

Facts on ETS performance 2008-2011 (phase 2) as outlined in a communication on the ETS

  • Daily trading volume rose to an average of 23 million EUAs in 2011
  • Over the counter trading, i.e. EUA trading without the use of a regulated market place, has significantly decreased
  • From 2008 to 2011, almost 8200 million EUAs were issued, almost 97% of those for free, the rest (283 million) auctioned
  • Significant volumes from international credits (CERs from CDM projects and ERUs from JI projects) have entered the ETS (CDM projects allow for transfer of carbon emission reduction recognition from non-Annex B to Annex B countries while JI refers to the same mechanism between two Annex B countries). In total, 450 million CERs and 98 million ERUs, i.e. pollution rights for almost 550 million tonnes of CO2.
  • With 1886 million tonnes of verified emissions, 2011 was approx. 10% below the 2008 value of 2100 million tonnes. This reduction was driven by the economic downturn in 2009, when verified emissions amounted to 1860 million tonnes.
  • Comparing the 2008-2011 totals, 8720 emission allowances were issued thereof approx. 550 million tonnes from CDM and JI projects. In the same period, 7765 emissions were verified, using up pollution rights
  • Thus, between 2008 and 2011 a surplus of almost 1000 million tonnes of emission allowances was created, thereof more than half by international projects
  • It is therefore not surprising that the prices of emission allowances is currently the lowest since phase 2 has started
  • It comes even worse: the surplus of emission allowances is expected to rise above 2000 million tonnes by 2013. This is due e.g. to large amounts of international credits entering the market until April 2013 and due to the auctioning of 300 million allowances for the support of Carbon Capture and Storage
  • This surplus will not be completely reduced until long into the 2020s according to the EU Commission

Criticism by TheCompensators*

  • The excessive use of international credits has blown up the surplus of emission allowances to levels that contradict the very purpose of the ETS. Therefore, TheCompensators* emphasize that compensation through the deletion of ETS emission allowances is much more effective to reduce European CO2 emissions than donating for CDM projects. You can donate now here.
  • The 2009 economic downturn and the success of renewable energies have reduced emission compared to 2008 levels. Since no measures are in place to adapt the cap of emission issued, this also leads to oversupply. Policies need to be adopted to prevent this effect.
  • After all, emissions stay in the atmosphere for approx. 1000 years, which is basically forever from a human perspective. Thus, every bit that we can reduce emission faster limits cumulative greenhouse gases in the atmosphere. From a climate point of view, it makes no sense to keep stocks of emission allowances to delay the transition to a low carbon economy

New Partner for Climate-neutral Events

TheCompensators* have got a new partner to make your event become climate-neutral! The Expertes at ThINK – the Thuringia Institute for Sustainability and Climate protection – will help you calculate your emissions.

Compensate these emissions through TheCompensators* and ThINK will issue the certificate “Climate-neutral Event”.

Read more how to compensate an event

EU Commission: Oversupply of allowances in the European Emission Trading Scheme

In a recent communication on the ETS, the EU Commission acknowledges that unforeseen developments lead to unfavourable consequences for the European cap and trade system for CO2.

The EU Commission proposes an approach of delaying the issuance of phase emission allowances without changing the absolute amount of emissions issued during phase 3. The effects of this approach are analyzed under a strong, a medium and a weak change of the auctioning profile. While this method is believed to be able to stabilize EUA prices during the first years of phase 3, this effect will vanish when the delayed issuance takes place.

In a recent press release on the ETS (in German), the German development bank KfW highlights that the delay of certificate issuance will not be able to solve the problem of oversupplies. Instead, an real and lasting reduction of emission allowances is necessary.

Until politics arrive there, you can contribute by donating here. TheCompensators* will use your donation to delete emission certificates and thereby contribute to the functioning of the ETS in a grass roots way.

CO2 Barometer shows that emissions trading is in deep crisis

According to the most recent CO2 Barometer published by the Reconstruction Credit Institute and the Centre for European Economic Research (ZEW), EU emissions is failing to achieve the goals for which it was intended (click here for the press release; in German). The reports highlights three important issues:

  • The EU Emissions Trading Scheme sets very low incentives to avoid CO2 emissions.
  • The costs of emissions trading thus far has had very little effect on companies’ site selection.
  • The options of tightening the rules within the Trading Scheme should be explored.

TheCompensators* support the CO2 Barometer findings and are convinced that more needs to be done to adapt and improve the EU Emissions Trading Scheme. If you would like to compensate for your own emissions, please click here to find out how you can do that with TheCompensators*.

Compensate now more than 40% more emissions with the same amount

It is now cheaper to compensate your emissions! The price for pollution rights has decreased a lot in the last months. That is actually bad news – as it should be as expensive as possible to emit climate-damaging greenhouse gases.

However, there is an advantage for us and for you: We are now able to buy a lot more emissions rights with the same amount of money and delete them forever.

The new price to compensate through TheCompensators* is 6,75 euros for one tonne of CO2. That means that you are able to retire from the market more than 40% more emissions allowances with the same amount of money than you could before..

Learn more how we calculate the price for compensating your emissions with TheCompensators*. Or learn which changes are urgently needed to improve emissions trading to make it more efficient in fighting climate change.

Or compensate your emissions right now!

Germany produces more than 25% of electricity from renewables

Germany generates more than 25% of its electricity from renewable sources.

This is great news and makes it clear that we need a coupling of the CO2 emissions cap and the diffusion of renewables: the more energy is produced from renewable resources, the less pollution rights must be available. Otherwise, more emissions certificates will be available for dirty coal plants!

To reduce the number of pollution rights right now, compensate your emissions and help to lower the overall CO2 emissions cap!

TheCompensators* on Radio Mephisto 97.6

Kathrin Sielker from Radio Mephisto 97.6 has produced a radio feature on emissions trading – and compensation with TheCompensators*. Listen to it (in German)!

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

EU Considers Set-Aside for Pollution Rights

The European Commission considers to set aside a number of pollution rights in the EU Emissions Trading Scheme (ETS). Climate Action Commissioner Connie Hedegaard suggests a review of the auction time profile of the ETS. The set-aside should limit the over-supply of the scheme with emissions certificates which leads to falling prices for polluting.

TheCompensators* consider the Commission proposal a first step in the right direction. It is urgently necessary to limit the number of available polluting rights in order to prevent emissions prices to drop further.

However a temporary set-aside in our opinion is not the most adequate solution to the problems inherent to the ETS. Instead, a permanent set-aside is needed to permanently lower the cap for European emissions.

In the meantime, everybody can contribute to lower the real EU cap with TheCompensators*: Compensate* your emissions and reduce the number of emissions allowances available to European industry!

TheCompensators* want you!

TheCompensators* are looking for dedicated volunteers who enjoy getting involved in order to

  • work on the content and development of our website
  • act as communicators who spread the word about TheCompensators*
  • shape the future of TheCompensators* and of European climate policy

Read more…

The European Energy Review reports on emissions trading

The European Energy Review has published an interesting article on the European Carbon Emissions Trading Scheme ETS. It points out that while virtually all stakeholders agree that the ETS needs a fix, there are many different perspectives on what that fix should be.

TheCompensators*think that an immediate set-aside of carbon emission allowances is necessary to take overallocation out of the market. This would then give the time to design a longterm mechanism which relates the number of allowances to the success of e.g. renewable energy policies. This mechanism should then automatically and predictably reduce emission allowances in the market depending on renewable energy technologies installed as well as other factors.

Thus, it would then be guaranteed that installing solar panels or wind turbines will reduce carbon emissions and rather than providing free emission allowances for dirty technologies such as lignite and coal.

As always, let us remind you that you can already help reduce emissions in the market by buying and deleting EUAs with TheCompensators*.

Yearly Report 2011

Please read our official yearly report 2011 (in German only).

“Spiegel” editor Alexander Neubacher: Why we all should copensate

Sorry, but this text exists only in German. Please click here to read it.

Compensating has become even more beautiful

Compensating has become even more beautiful!

As you might already have noticed, TheCompensators* have got a new website. We hope that our new layout and the new structure help people to find faster all necessary information on the site.

Oh, and we also have got a new donation tool – generously written by Gerrit. Try it now – and compensate your emissions!

P.S. We are quite sure that there are some mistakes on our new website. Please do not hesitate to send us a short message if you discover one. Just leave us a comment below or write us through our contact form!

Compensate and pay less: pollution rights become tax-free for us!

It is now cheaper to compensate your emissions! TheCompensators* do not have to pay anymore VAT on the pollution rights they are buying and deleting. We have received these good news from our tax office.

The reason is that there has been a recent change to emissions trading. Until now our broker had to pay VAT for emissions certificates. This is why we always had to add the taxes on the current emissions price. From now on, it is up to the buyer of EUAs to pay VAT – hence theoretically us. But as we are a non-profit organisation, we are exempt from paying the tax!

In a few words: We have got to pay around 20% less for emissions rights! Thus, compensating is becoming a lot less expensive for everyone of you. This does also mean that spending the same amount of money we can take away a lot more emissions rights from industry.

Due to this change in legislation we also have got more money left to delete pollution rights. As for a long time it was not clear if we had to pay VAT, we had always put aside money to pay the taxes. Now we can now use this amount to buy and delete more EUAs!

Compensate your emissions now!

Scientists call for urgent reforms to the EU Emissions Trading Scheme

In an interesting article published in the European Energy Review,  Thomas Spencer and Emmanuel Guérin, two researchers from IDDRI, explain why the ETS is a crucial element of European (and consequently also of worldwide) climate policy.

They point out the two main shortcomings of the ETS and suggest a two pronged approach to address these. On the one hand, there is oversupply of certificates at the moment; on the other hand, there is uncertainty with regards to EU policy concerning the ETS beyond 2020.

The approach they propose therefore includes a strengthening of the long-term ETS carbon caps with the EU’s official 2050 target of reducing GHG emissions by 80%, and to set down more precise intermediate targets for 2030.

What is more, the authors point out that the European Commission has the option of limiting the supply of certificates for short periods by delaying auctioning. The problem with the latter approach is, though, that the EUAs are not deleted, their issuance is merely postponed.

Therefore, TheCompensators* point out that civil society, including you, can contribute to reducing the availability of EUAs by buying and deleting CO2 emissions. These certificates are then removed from the market for good and cannot be used ever again!

A small step in the right direction: aviation added to European Emissions Trading Scheme

Despite strong protests by the aviation industry, the emissions of all flights landing or taking off in the European Union have tob e compensated in the European Emissions Trading Scheme. Especially American and Chinese airlines tried with all means to prevent this. On 21 December 2011, the European Court of Justice (ECJ) ruled that international airlines also need to compensate their flights into and from the EU. American as well as Chinese airlines have already announced that they will fight back against the ECJ’s ruling. Meanwhile, some European airlines have started buying emissions, while the Federation of German Industry both explains and criticises (document in German) the adding of aviation to the ETS.

In light of the fact that large amounts of emission certificates and the fact that they are largely allocated free of charge, TheCompensators* consider this uproar to be unjustified and demand that fewer certificates be handed out as well as that a larger portion of certificates be sold at auction. For 2012, 221,420,279 tonnes of CO2 have been allocated to the aviation industry. Of this amount, 85% will be handed out free of charge in 2012, while 15% will be sold at auction. From 2013 on, 82% will be allocated free of charge, 15% will be auctioned off and 3% will be put aside, for example for new airlines. There are voices who even claim that airlines could make a profit from the ETS.

In sum, the addition of the aviation industry is an important step for the European Emissions Trading Scheme. It remains that too large a portion of the industries’ emissions is free.

This is why TheCompensators* encourage you to continue compensating for the emissions incurred during unavoidable air travel yourselves.

You have been good: Less carbon for Christmas!

In 2011, TheCompensators* once again offered their members and supporters the opportunity to offer climate protection as a present. This initiative was welcomed by many of you and TheCompensators* were able to delete emissions certificates worth 30 tonnes of CO2. Have a look at the confirmation of transaction.

Many thanks and a happy and low carbon 2012!


 

EU-Roadmap to a decarbonised economy

The European Commission will publish its “Roadmap 2050” to a decarbonised economy in the next days.

Drafts of the document circulate already in Brussels, and the “European Energy Review” gives an overview of the different stakeholder’s opinions on it.

The article refers to the position of the European Wind Energy Association (EWEA). According to the review, EWEA’s Senior Regulatory Affairs Advisor on Climate and Environment, Rémi Gruet, advocates not only a target for renewable energies, but also a stronger carbon market. According to EWEA, the cap of the EU Emissions Trading Scheme for emissions “will need to be tightened to set the EU on track to an 80% domestic emission reduction by 2050”.

One solution currently in discussion is to decrease the number of pollution rights in the ETS. This would allow the European Union to set a new emission reduction goal of 30% in 2020 instead of 20%. According to the European Energy Review, this idea is “starting to garner some support beyond the NGO community, but many in the power sector say 2020 is ‘tomorrow’ and it makes more sense to concentrate on 2030 now.”

TheCompensators* support the idea to raise the emission reduction goal to 30% by axing the number emissions allowances. Now it’s up to you to do your share by deleting your own emissions!

Furthermore, TheCompensators* acknowledge that some of the most progressive utilities have started to join the decarbonization movement. According to the European Energy Review “three utilities in particular stepped out from the mould in November with a call for the Commission to present a second EU climate and energy package that would set binding targets for emission reductions, renewables and efficiency for 2030.”

According to the article Eneco from the Netherlands, SSE from the UK and DONG Energy from Denmark say “they need long-term predictability to invest in the technological innovations needed and bring down costs.”

Support TheCompensators* and compensate your emissions right now!

Shop to support TheCompensators*

We are pleased to annouce that we have joined PlanetHelp just in time for the Christmas season.

PlanetHelp is an organisation which helps collect donations through online shopping. In other words, you can make a contribution to our work while shopping on the internet – without paying more money!

You will pay exactly the same price as everyone else and we will then receive a certain percentage of the money you spent.

There is a whole host of vendors who have agreed to join PlanetHelp, so there will definitely be something there for you.

So think of us when you do your online Christmas shopping (or any other shopping for that matter). It won’t cost you a penny, but it’ll mean a great deal to us!

Start shopping now and compensate your emissions!

(Please note that this is a German language website!)

Lagging integration of European power market hinders climate protection

In a recent study (http://www.roadmap2050.eu/pp2030) on the European power sector the European Climate Foundation concludes that:

“A physically and commercially integrated European electricity market combined with greater compatibility among national regulatory frameworks and a sufficiently restrictive carbon regime provide the foundation for achieving established GHG abatement objectives affordably, reliably and securely. However, progress on market integration is lagging and the current ETS linear reduction factor of 1.74% needs to be adjusted to align with the 2050 target of 80% domestic GHG abatement.”

TheCompensators* agree that the ETS reduction factor needs be adapted. Instead of waiting for politics to do that, you can delete emissions today with TheCompensators*!

Find out how to do that here.

Give deleted emission certificates as a present!

Give something meaningful as a present. Certificates by TheCompensators* for christmasAre you looking for a Christmas present? Why not give something meaningful: climate protection!

The nations are debating how global warming might be limited and how the climate might be protected in the Southafrican city of Durban at the moment. To date, it once again appears that the necessary decisions will not be taken.

But you have the opportunity to become active yourself in advancing climate protection! Compensate your emissions or simply send out a signal: make a donation to TheCompensators* so that we can withdraw emission rights from the European Emissions Trading Scheme and thus reduce the amount of emissions which European industries are able to emit.

If you want to give away emission certificates as a gift, send us a quick e-mail to info_at_thecompensators.org after your donation. You will then receive a Christmas certificate in addition to your donation receipt.

Compensate now!

You can also shop your christmas presents online in order to support TheCompensators* – it won’t cost you a penny more. It’s really easy!

TheCompensators* on Cleanenergy project: “Dumping for a better climate”

The German website “Cleanenergy project” has published an article on TheCompensators*. Read what they write about compensating your emissions!

Compensate your emissions now!

Study shows: emissions trading fills company accounts instead of protecting the climate

A recent study confirms TheCompensators* criticism of the European Emissions Trading Scheme (ETS). For a whole host of large industrial enterprises, which count among the largest polluters in Germany, emissions trading serves as a lucrative source of income instead of obliging them to protect our climate.

In a study entitled “Carbon Fatcats” (English version, you will find a more up to date German version here), our British partner organisation Sandbag, the German environmental organisation BUND and Germanwatch proves that considerably too many emissions certificates are distributed to large enterprises – for free. Companies such as Arcelor, Mittal, ThyssenKrupp, Salzgitter and BASF have particularly benefitted from this situation. According to the study, they received a surplus of than 60 million tonnes of CO2 for their sites in Germany alone. This amounts to a value of currently around € 782 million – and allows these companies to make large additional gains by selling those emissions rights.

The study shows that the emissions trading scheme, which in itself is a very useful tool to reduce emissions, needs to be improved urgently. Otherwise the goals set for the system for climate protection will never be reached!

Politicians – i.e. the European Commission and its member states – therefore must act! The number of allocated emissions certificates must be reduced significantly so that emissions will really start drop. Furthermore, certificates must not be handed out for free – companies must pay for the right to pollute.

And what is more, every individual can play an active role and compensate her/his emissions! Buying and deleting emissions certificates via TheCompensators* reduces the number of pollution rights which are available to companies. At the same time every deleted certificate is a political voice for a better emissions trading scheme.

Compensate now!

We have deleted 100 tonnes of CO2!

We did it again: TheCompensators* have deleted pollution rights adding up to a value of 100 tonnes of CO2! This means that they are no longer available to the European industry. Have a look at the confirmation of transaction.

A big thank you to all our donors and members!

If you would also like to donate (or to do it again) – no problem: Compensate your emissions right now!

Financial statement 2010

Please read our official financial statement 2010 (in German only).

Financial statement 2009

Please read our official financial statement 2009 (in German only).

Travel in climate friendly way with TheCompensators*

Several German newspapers are giving hints how to travel in climate friendly way. One advice: compensate your emissions through TheCompensators. We would say: that is a good idea! 🙂

Read more (in German) on the following websites: Tagesspiegel, Passauer Neuen Presse, Der Westen (WAZ newspaper group).

TheCompensators* Have People Craning Their Necks At Saturdays’ Protest March

Hundreds of origami cranes folded thanks to your help!

An estimated 100,000 people participated in Saturdays’ protest march against nuclear power in Berlin last Saturday, sending out a clear signal that there is strong sentiment against this dangerous source of energy and for the development of clean and safe technologies among all parts of the German population.

With the help of many protesters, big and small, around 400 origami cranes were folded and many interesting discussions were had. So, although we did not manage to achieve our goal of 1,000 cranes, we are very pleased with how the day went, both in terms of taking a stance on nuclear power as well as showing our support for the Japanese people.

We will carry on making cranes – and . If you want to lend us a hand, fold (at least) one crane and send us a picture of it! We will publish it on this page. Should you need instructions on how to fold origami cranes, you will find them here.

Again, thanks to everyone for their support!

1,000 Cranes Against Nuclear Power

We will fold 1,000 origami cranes but we won’t fold on nuclear power

On Saturday, 26 March 2011 TheCompensators* will support the Germany-wide protests against nuclear power and for true climate protection. Recent events in Japan have once again shown the inherent risks of nuclear energy as well as how uncontrollable this technology is.

TheCompensators* don’t consider nuclear power to be a clean source of energy nor is it a solution in the fight against climate change, because it delays the development of renewable energies. These, however, are necessary in order to stem climate change. This is also the goal which TheCompensators* are aiming for with their involvement in emission trading.

Through our initiative at the protest on Saturday we would also like to express our sincere sympathies with the Japanese people. We will follow a Japanese tradition which states that the person who folds 1,000 origami cranes will be granted a wish.

It is our wish to stop the use of nuclear energy, to promote green technologies and to combat climate change effectively. That is why we will set up our stall at the concluding rally of the anti-nuclear march in Straße des 17. Juni in Berlin. There we will attempt to fold 1,000 emissions certificates into origami cranes – and we count on your help in this!

If you are not in Berlin, there are other places in Germany where you can participate in anti-nuclear protest marches. You will find more information here (in German).

We look forward to seeing you on Saturday!

Yearly report 2010

Please read our official yearly report 2010 (in German only).

Give deleted emission certificates as a present!

Schenken Sie sinnvoll! Zertifikate von TheCompensators* zu WeihnachtenAre you looking for a Christmas present? Why not give something meaningful: climate protection!

The nations are debating how global warming might be limited and how the climate might be protected in the Mexican city of Cancún at the moment. To date, it once again appears that the necessary decisions will not be taken.

But you have the opportunity to become active yourself in advancing climate protection! Compensate your emissions or simply send out a signal: make a donation to TheCompensators* so that we can withdraw emission rights from the European Emissions Trading Scheme and thus reduce the amount of emissions which European industries are able to emit.

If you want to give away emission certificates as a gift, send us a quick e-mail to info_at_thecompensators_dot_org after your donation. You will then receive a Christmas certificate in addition to your donation receipt.

Donate now!

Ten tonnes of CO2 deleted on 10/10/10

TheCompensators* got to work – and got things done! On the international climate action day on 10/10/10 we were able to delete ten tonnes of carbon dioxide (CO2).

Together with other initiatives such as the “Klimapiraten“, TheCompensators* were present in front of the Brandenburg Gate in Berlin this Sunday to sell emission certificates and climate-neutral cakes during the big “Replugging Party”. And it was worth it: with the €170 we made, we will be able to retire more than 10 tonnes of pollution rights in the coming days! These will then no longer be available to industry in the European Emission Trading System (ETS).

We would like to thank all donors and the organisers of 350.org and the 10:10 campaign for a successful global day of action!

TheCompensators* Get to Work on 10/10/10

On Sunday 10/10/10 TheCompensators* will participate in the “Global Day of Doing”. This worldwide event coordinated jointly by 350.org and the 10:10 campaign. We are pleased to announce that the Berlin event has been selected as the lead event for Europe and should generate a great deal of attention.

Under the motto of “Berlin replugs” our partners from the Klimapiraten will symbolically replug households, hospitals and other consumers of electricity from plants using fossil fuels or nuclear power to green sources of electricity such as wind or solar. Visitors will be able to follow this example by changing their electricity providers there and then. All that’s needed is the number of your electricity meter.

At their stand, TheCompensators* will not only provide information on what they do as an organisation, but will also offer the opportunity to buy emissions certificates in two ways: either by directly buying a certificate or by buying a slice of homemade cake. The money earned on the sale of cakes will of course be spent on purchasing and deleting further emissions certificates.

So if you would like to meet us in person or would like to find out how easy it is to make your own contribution to the reduction of carbon emissions you should not miss Sunday’s event!

Join us on 10/10/10 at 11am at the Pariser Platz in front of the Brandenburg Gate.

Utopia.de: “How to delete emissions rights yourself”

The German website Utopia.de has written an article about TheCompensators*. Please read more (in German)!

TheCompensators* Sign Letter to EU President

TheCompensators* have signed a letter addressed to Herman Van Rompuy, President of the European Council. The letter was initiated by our friends of Sandbag, a British campaign group which tries to public awareness on emissions trading.

In the letter Van Rompuy is urged to move to a reduction of emissions across the European Union by 30%, if not more. This target has already been reached halfway, showing that reducing emissions is possible. What is more, the EU is in a unique position to be a role model to the rest of the world by setting ambitious targets. TheCompensators* wholeheartedly support this cause.

If you would like to sign the letter, please follow this link.

Stand up against nuclear energy!

Sorry, this entry is only available in Deutsch.

Yearly report 2009

Please read our official yearly report 2009 (in German only).

New web hoster

We have transferred our website to a new hoster. Therefore, some of our webpages may not work well… Have you found something that does not work? Please write us a short e-mail to info_at_thecompensators_dot_org.

Purchase and cancellation of 287 EUAs to reach the 350 goal!

Our contribution to go back to 350ppm on the 350 Climate Action Day, October 24th, 2009.

We can report that, with your help during our recent actions, we have  been able to purchase and today delete 287 EUAs, which bring us to the total amount of 350 EUAs deleted since this Summer. Please have a look at the transaction Transaction voucher DE-83615 here.

TheCompensators* on Deutsche Welle radio (english)

Eco-activists strive to raise the price of carbon

Cap and trade is a system designed to let developed countries piggyback on the climate friendly aspects of much of the developed world. But is the price they pay really high enough?

Read more or listen directly to the radio feature.

TheCompensators* on SWR2

Löschen fürs Klima: Wie Umwelt-Aktivisten den Preis für Emissionsrechte erhöhen. Von Richard Fuchs. SWR2 Impuls vom 5.11.2009 (4:34 Min.) Listen to it.

TheCompensators* on DW-World (english)

Activists cut CO2 by buying and eliminating emissions certificates

The non-profit group TheCompensators* buy CO2 emissions allowances on the European market; but rather than re-selling them at a higher price, it aims to get rid of them.

Read more.

TheCompensators* on DW World (deutsch)

Kaufen und wegwerfen für einen guten Zweck

In Berlin haben Wissenschaftler einen Verein gegründet, der das EU-Emissionshandelssystem nutzen will, um der Atmosphäre viele Tonnen Treibhausgase zu ersparen. Er kauft Verschmutzungsrechte – um sie dann zu vernichten.

Read more.

TheCompensators* 350 tonnes action on DW-World

Deutschland sucht die Klimakanzlerin – mit TheCompensators*

Der Klimawandel scheint aus der politischen Debatte verschwunden. Und dass, obwohl der entscheidende Klimagipfel in Kopenhagen vor der Tür steht. Deshalb schlugen Klima-Aktivisten jetzt Alarm: mit einer Quiz-Show.

Mehr online bei der Deutschen Welle.

350 tonnes of CO2 deleted

We have done it! On the 350.org Climate Action Day on Saturday, 24 October we have deleted 350 tonnes of CO2 thanks to donations of our members and supporters.

With a bit of assistance from the Heavens, 350 tonnes of CO2 were destroyed with a bang in front of one of Berlin’s most famous landmarks – the Brandenburg Gate. In a symbolic act, an angel burst a balloon filled with emission permits at the Pariser Platz.

Curious? Watch the video!

Can’t wait for our next action!

The 350 tonnes action

I will pop on October 24th @12:05 in front of the Brandenburg GateOn Saturday, October 24th, the International Day of Climate Action, a concrete action for climate protection will be taken: TheCompensators* will spare the atmosphere 350 tonnes of CO2.

In a symbolic act, we will burst a balloon filled with emission permits suspended above a stage at the Pariser Platz, in front of the Brandenburg Gate at 12.15. This way 350 tonnes of CO2 will be destroyed with a bang.

The emission permits were purchased and deleted by TheCompensators* using donated funds – the pollution rights will no longer be available to industry.

Be in Pariser Platz on October 24th at 11.30 a.m.: a TV-show, 350 Chancellors, Angels, Devils and the 350 balloon will be waiting for you!

Join the event on facebook and on 350!

Click here to download the flyer in German.

To know more about the 350 Climate Action day, please visit 350.org

Spread the word, join us on Saturday, become a member or make a donation, whether 3.50, 35.00, or 350.00, euros, dollars, pounds or pesos, your contribution will help buying 350 (or even more!) EUAs, which we will destroy on Saturday, October 24th.

Any questions or suggestions? Contact us!

Vernissage & CO2-neutral aperitif in Berlin

TheCompensators* would like to thank all the people who attended the Vernissage der Klimaretterand helped deleting 40 tonnes of CO2!

***

When? Sunday, October 18th 2009 from 5 to 8 pm

Where? in Berlin-Neukölln, Karl-Marx-Str. 168 (Atelier Bär – Methane Factory)


Source: Bär + Knell Design

Come along and enjoy a CO2-neutral aperitif as well as the climate friendly artwork of the virtual “Methane Factory” recently founded by the Berlin artist Gerhard Bär. You will also have the opportunity to buy your own emission permits and thus become part of  our “350t CO2 action“.

Download the flyer and join the event on Facebook!

P.S. You are kindly requested to pay a small entrance fee (min. 3 Euros).

TheCompensators on Twitter!

TheCompensators* have entered ! Follow us!

TheCompensators* at “Reset Kopenhagen”

On September 22, TheCompensators* had been invited to present their work at the conference “Reset Kopenhagen”. To know more, read this article on the Reset website or watch the following video!

RESET KOPENHAGEN from RESET For a better world on Vimeo.

350t CO2 action

Join me at http://www.350.orgWe hope you have already heard about 350.org and the 350 ppm climate action day on October 24th…

If not, it’s time to know what 350.org is about

350.org is an international campaign dedicated to building a movement to unite the world around solutions to the climate crisis–the solutions that justice demand.

The focus is on the number 350–as in parts per million, the level scientists have identified as the safe upper limit for CO2 in our atmosphere. But 350 is more than a number–it’s a symbol of where we need to head as a planet.

TheCompensators* have met with 350.org and decided to take action together to get 350 t of CO2 out of the EU ETS on October 24th.

So far TheCompensators* have deleted nearly 2000 EUAs from the EU ETS. Collecting the money to purchase 350 EUAs is feasible.

But we need YOUR HELP!

Spread the word, become a member or make a donation, whether 3.50, 35.00, or 350.00, euros, dollars, pounds or pesos, your contribution will help buying 350 (or even more!) EUAs, which we will delete publicly on October 24th.

Any questions or suggestions? Contact us!

63 EUAs deleted

TheCompensators* have just deleted 63 EUAs

Please have a look at our transaction list which documents the 1891 EUAs we have deleted so far!

Financial statement 2008

Please read our official financial statement 2008 (in German only).

Yearly report 2008

Please read our official yearly report 2008 (in German only).

Finally: purchase and cancellation of 215 EUAs

We can report that we have finally, after a long wait, been able to purchase and delete 215 EUAs as of today. The register now provides data export, so please have a look at our transaction list (including the ones from 2007) here.

Transaction made!

We just transferred €4699.45 to our broker and await a lot of around 172 EUAs to be delivered for deletion to our account by next week. Once Hannah is back from Indonesia and the EUAs are ready to be deleted, we will do so and keep you updated on the website.

News from Austria

We could purchase EUAs from Austria and stock them at our brokers account. Deletion and proof in Austria are not possible yet, firstly when the registers are coupled (October). We are discussing whether purchasing and stocking, followed by a deletion once we got the EUAs is the best option to pursue.

Status update

The BMU just announced that the registers of the EU and the ones of the UNFCCC will be coupled in October. Until then, the German accounts will be kept closed and no allocations will take place. Thus, it is impossible to purchase EUAs in Germany, until the coupling has taken place. We now inquire whether a purchase in Austria is feasible. If it is, we will do so.

Still waiting

We are still waiting until we can do the first transaction of 2008. Unfortunately we were not able to do a transaction in germany yet. There would be the possibility to do it via Austria, and let the Austrian registry delete the emission allowances, but we do not find this appropriate. We will investigate whether now is the time to do a transaction in Germany, and if not, whether a transaction in Austria can be made with a proof of deletion which we can present. We are grateful for your patience and apologise for any inconveniences.

Status Update 2008-07

Up to now it was not possible to obtain EUAs from the registers in Germany. It would have been possible to purchase EUAs in Austria, though, but then we would have not been able to delete them by ourselves. This is why we decided to wait until a purchase in Germany will be possible. Our broker said this would approximately be from July on.

Thus, we will soon get in touch with him to see whether a purchase is possible. In case this is so, we will use 90% our savings to purchase a lot of EUAs which will be retired as soon as we obtain them. As of today we have saved up to € 4 670.55.

Retiring EUAs in 2008

The second trading period has already started. We wanted to buy and delete EUAs with the money we have saved up until now. Unfortunately, this is not possible yet, since the registries are not ready yet. Our broker informed us, that trading at the moment is only possible in Austria, the German registry is not ready yet. Thus, we need to wait until we can trade here in Germany, so that we can actually delete the emission allowances from our account at the German national registry. According to our broker, this will be possible late spring or summer this year. We apologise for any inconvenience this may cause for you. If you have further questions, please simply contact us via the contact form.

Yearly Report 2007

Download our 2007 yearly report (in German) here.

booking voucher 2007-04

booking voucher 2007-04 can be downloaded here

booking voucher 2007-03

booking voucher 2007/01- 2007/03 can be downloaded here

financial statement 1-2006

Download our first financial stament (2006/10-2006/12) here.

financial statement 1-2007

download the financial statement 1-2007 (01/2007-06/2007) here.