IDEAS home Printed from https://ideas.repec.org/a/nat/natene/v9y2024i6d10.1038_s41560-024-01545-3.html
   My bibliography  Save this article

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

Author

Listed:
  • Joanna Sitarz

    (Member of the Leibniz Association
    Technische Universität Berlin)

  • Michael Pahle

    (Member of the Leibniz Association)

  • Sebastian Osorio

    (Member of the Leibniz Association)

  • Gunnar Luderer

    (Member of the Leibniz Association
    Technische Universität Berlin)

  • Robert Pietzcker

    (Member of the Leibniz Association)

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.

Suggested Citation

  • Joanna Sitarz & Michael Pahle & Sebastian Osorio & Gunnar Luderer & Robert Pietzcker, 2024. "Policy credibility is a key component for an effective and efficient EU Emissions Trading System," Nature Energy, Nature, vol. 9(6), pages 637-638, June.
    • Handle: RePEc:nat:natene:v:9:y:2024:i:6:d:10.1038_s41560-024-01545-3
    DOI: 10.1038/s41560-024-01545-3
    as

    Download full text from publisher

    File URL: https://www.nature.com/articles/s41560-024-01545-3
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1038/s41560-024-01545-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nat:natene:v:9:y:2024:i:6:d:10.1038_s41560-024-01545-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.nature.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.