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Saving EU climate policy

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Market-based mechanisms to tackle climate change have many advocates, but economic conditions are making emissions trading schemes hard to implement and sustain, explains Sonja van Renssen.

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Figure 1: The EU carbon price has plummeted in the past year, from a temporary surge in April 2011 on the back of the phase-out of German nuclear power, to under €10 a tonne over the past six months as the reality of an oversupply of carbon allowances in the market has taken its toll.

References

  1. Gruet, R. Wind Energy and EU Climate Policy (EWEA, 2011); available via http://go.nature.com/2UZiuD.

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  2. Yu, G. & Elsworth, R. Turning the Tanker: China's Changing Economic Imperatives and its Tentative Look to Emissions Trading (Sandbag, 2012); available via http://go.nature.com/VTnHVK.

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Authors and Affiliations

  1. Sonja van Renssen is a freelance writer based in Brussels,

    Sonja van Renssen

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  1. Sonja van Renssen
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Correspondence to Sonja van Renssen.

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van Renssen, S. Saving EU climate policy. Nature Clim Change 2, 392–393 (2012). https://doi.org/10.1038/nclimate1561

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