Germany is voluntarily canceling EU Emissions Trading System (EU ETS) allowances linked to 14 decommissioned power plants. This move prevents freed-up carbon credits from being traded and used by other companies, ensuring that coal phase-outs result in actual atmospheric emission reductions. The process follows Germany's Greenhouse Gas Emissions Trading Act and EU directives. By retracting these permits, the government avoids a market surplus that could otherwise undermine the environmental goals of its energy transition.
