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New EU ETS Phase 4 rules temporarily puncture waterbed

Grischa Perino

Nature Climate Change, 2018, vol. 8, issue 4, 262-264

Abstract: The new rules of the EU ETS will fundamentally change its character. The long-term cap on emissions will become a function of past and future market outcomes, temporarily puncturing the waterbed and having retroactive impacts on GHG abatement from overlapping policies.

Date: 2018
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DOI: 10.1038/s41558-018-0120-2

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