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Climate policy

Reforming emissions trading

Nature Climate Change volume 4, pages 663–664 (2014)Cite this article

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Courageous steps are required to reform the European Union Emissions Trading Scheme. To this end, an independent carbon authority has been proposed — this is a move in the right direction, but should be part of a much broader discussion about reforming emissions trading.

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Figure 1: Price paths of European emissions allowance (EUA) futures contracts traded on the ICE European Climate Exchange.

References

  1. EU-27 Gross Inland Consumption of Hard Coal 1990–2012 (EC Eurostat, 2014); http://go.nature.com/HMhdlW

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Authors and Affiliations

  1. Department of Economics of Climate Change, Ottmar Edenhofer is at the Technische Universität Berlin, EB 4-2, Strasse des 17. Juni 145, D-10623 Berlin, Germany, and at the Mercator Research Institute on Global Commons and Climate Change (MCC), Torgauer Strasse 12-15, D-10829 Berlin, Germany, and at the Potsdam Institute on Climate Impact Research (PIK), Telegraphenberg A 31, D-14473 Potsdam, Germany,

    Ottmar Edenhofer

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  1. Ottmar Edenhofer
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Correspondence to Ottmar Edenhofer.

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Edenhofer, O. Reforming emissions trading. Nature Clim Change 4, 663–664 (2014). https://doi.org/10.1038/nclimate2327

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