Policy credibility is a key component for an effective and efficient EU Emissions Trading System

Joanna Sitarz (), Michael Pahle, Sebastian Osorio, Gunnar Luderer and Robert Pietzcker ()
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Joanna Sitarz: Member of the Leibniz Association
Michael Pahle: Member of the Leibniz Association
Sebastian Osorio: Member of the Leibniz Association
Gunnar Luderer: Member of the Leibniz Association
Robert Pietzcker: Member of the Leibniz Association

Nature Energy, 2024, vol. 9, issue 6, 637-638

Abstract: Recent reforms of the EU Emissions Trading System (EU ETS) boosted carbon prices by tightening the cap on emission allowances and increasing political commitment to it, which effectively made actors more farsighted. Policymakers should thus view prices as an indicator of credibility as well as scarcity, and manage potential future drops in the former by renewing commitment to the cap.

Date: 2024
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DOI: 10.1038/s41560-024-01545-3

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