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Third time lucky

The rules guiding the third round of the European Union's Emissions Trading Scheme are about to be formally approved. Anna Petherick looks at how well they have set up the system until 2020.

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Figure 1: Emissions and the allocation of allowances to emit one tonne of CO2 (EUAs) during the three phases of the EU ETS.

References

  1. Climate Action The EU ETS is Delivering Emission Cuts. (European Commission, 2010); available via http://go.nature.com/LlPeif

  2. EU ETS Phase III (2013–2020) (Department of Energy & Climate Change, 2011); available via http://go.nature.com/8KBOqR

  3. Lopomo, G. et al. Rev. Environ. Econ. Policy 5, 25–43 (2011).

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  4. Cooper, S. & Grubb, M. Revenue Dimensions of the EU ETS Phase III (Climate Strategies, 2011); available via http://go.nature.com/IWsCSj

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Correspondence to Anna Petherick.

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Petherick, A. Third time lucky. Nature Clim Change 1, 342–343 (2011). https://doi.org/10.1038/nclimate1230

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