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EU allowances (EUAs) act as permits that grant businesses the right to emit a specific quantity of greenhouse gases under the European Union emissions trading system (EU ETS). Crucial for driving emissions reductions, the diminishing availability of EU allowances annually incentivizes companies to mitigate emissions and foster innovation in cleaner technologies, aligning with the EU's ambitious climate objectives. Companies can manage their carbon budgets through purchasing at auctions, trading in a secondary market, or by receiving free allocations. As a strategic partner, we guide clients in maximizing EU ETS compliance and optimizing emissions trading through advanced strategies in EU allowances management and carbon reduction. Contact Targray’s Environmental Commodities team for tailored solutions and custom insights at https://lnkd.in/e7DeFFaD https://lnkd.in/dQzn4_Uk

Understanding the European Union's Emissions Trading System

Understanding the European Union's Emissions Trading System

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