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

Sitarz, Joanna; Pahle, Michael; Osorio, Sebastian; Luderer, Gunnar; Pietzcker, Robert C.

doi:10.1038/s41560-024-01545-3

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

Authors

/persons/resource/joanna.sitarz

Sitarz, Joanna
Potsdam Institute for Climate Impact Research;

/persons/resource/Michael.Pahle

Pahle, Michael
Potsdam Institute for Climate Impact Research;

/persons/resource/Sebastian.Osorio

Osorio, Sebastian
Potsdam Institute for Climate Impact Research;

/persons/resource/Gunnar.Luderer

Luderer, Gunnar
Potsdam Institute for Climate Impact Research;

/persons/resource/Robert.Pietzcker

Pietzcker, Robert C.
Potsdam Institute for Climate Impact Research;

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Citation

Sitarz, J., Pahle, M., Osorio, S., Luderer, G., Pietzcker, R. C. (2024): Policy credibility is a key component for an effective and efficient EU Emissions Trading System [Policy Brief]. - Nature Energy, 9, 637-638.
https://doi.org/10.1038/s41560-024-01545-3

Cite as: https://publications.pik-potsdam.de/pubman/item/item_30354

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.