CO2 certificates: Protect the climate and earn money with e-vehicles

Owners of e-vehicles drive in an environmentally friendly way and save CO2. They can sell CO2 certificates that they do not consume to a company and earn up to 360 euros per year. With light electric vehicles, the so-called greenhouse gas reduction quota (GHG quota) allows even more earnings. Customers of the car manufacturer ElectricBrands can already benefit from an instant payout for their already registered e-vehicle. For this purpose, the e-vehicle manufacturer cooperates with the GHG quota provider GreenAir, which has been tested by Stiftung Warentest.

"We are constantly looking for ways to redefine the car and offer innovative mobility solutions," explains Hans Stryewski, COO of ElectricBrands, "besides our actual products such as the XBUS or the Evetta, this also includes sustainable benefits for our customers."

Since the beginning of the year, the subsidies for electric cars have been reduced. Owners can still earn money with their vehicle. Since an electric car does not emit any harmful emissions, it is possible for e-mobilists to have the CO2 saved certified by a service provider at the Federal Environment Agency. They collect these certificates and then sell them in bundles to companies that have to reduce their CO2 emissions, e.g. to mineral oil companies or lignite-fired power plants.

Due to debates about global warming, renewable energies and electromobility are becoming more and more important. They are an important factor in reducing greenhouse gases. To support this effect and reduce CO2 emissions, the German government has introduced the GHG quota.


Achieve more with e-light vehicles from ElectricBrands

ElectricBrands produces light electric vehicles such as the XBUS or the Evetta. For these, up to 540 euros per year are expected to be paid out, as they are resource-saving and climate-friendly and thus have a particularly higher GHG quota. For a normal e-car, customers can already receive up to 360 euros per year. Accordingly, CO2 certificates for light electric vehicles bring about 25 percent more than conventional electric cars. At the same time, light vehicles improve the ecological footprint even further. According to a study by the German Aerospace Center (DLR), half of the kilometres currently travelled by car in Germany could also be covered by light electric vehicles.


THG quota providers in the test

They take over the bureaucratic effort and communication between companies, the Federal Environment Agency and, if necessary, GHG quota brokers and sell bundled certificate packages at the best price for their customers. One of these certificate traders is GreenAirGmbH with its platform, which was also convincing in the test by Stiftung Warentest. The advantage of GreenAir over other providers is that the customer is paid a fixed amount immediately. "We are a service provider. Our business model is based on the fact that an owner of electric vehicles receives money from companies that earn a lot of money with the use of non-renewable energies," explains Marcel Preuss, co-founder and CEO of GreenAir.

The GHG quota can be resubmitted every year as long as the car owner owns one or more electric vehicles. At the end of the day, we are a service provider that converts a vehicle's registration certificate into cash," Marcel Preuss summarises.


Cooperation with GreenAir

The cooperation between ElectricBrands and GreenAir is a good deal by all means, also for the customers. "We offer the whole thing not only for private customers, but also for business customers, i.e. for large car manufacturers who have focused exclusively on the topic of electromobility like ElectricBrands," says Preuss. ElectricBrands thus has the opportunity to offer GreenAir's service as an additional added value for its customers. "We are pleased about this cooperation, as it fits very well with the sustainability concept of our company and our environmentally friendly light vehicles," says Hans Stryewski of ElectricBrands, and adds: "We also support owners of e-cars of other brands if they want to obtain the GHG quota through us.


Why does the greenhouse gas reduction quota exist?

In recent years, the German government has also taken various measures in the transport sector: from the CO₂ tax on fossil fuels to the promotion of electric cars. The aim is to make climate-damaging mobility more expensive, while making it cheaper to get around in a climate-friendly way. In order to counteract climate change, the federal government is increasingly relying on renewable energies. Greenhouse gases are also to be reduced in transport. The greenhouse gas reduction quota, which has been anchored in the Federal Immission Control Act since 2015, contributes to this. With the EU Directive2018/2001 , the European Union will promote the use of energy from renewable sources.


Who buys GHG quotas?

GHG quotas buy companies that are legally obliged to reduce theirCO2 emissions. This includes, for example, companies such as mineral oil companies that sell fossil fuels in Germany. The greenhouse gas reduction quota indicates the percentage by which these companies must reduce their climate-damaging emissions each year. If companies miss their annual savings target, they have the choice of paying a penalty or buying CO2 certificates in the form of GHG quotas. The price of these allowances is not set by the state, but is freely determined by the market, depending on supply and demand, which is why the premium for owners of electric vehicles can vary from year to year. Currently, the GHG quota price is 320 euros per tonne of CO2 emitted.