Eu ets and the waterbed effect


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Access through your institution Buy or subscribe arising from G. Perino _Nature Climate Change_ https://doi.org/10.1038/s41558-018-0120-2 (2018) Owing to the new rules of the EU Emission


Trading System (ETS), Perino1 argues that the so-called waterbed effect is temporarily punctured. That is, further abatement efforts can reduce cumulative emissions if they occur within a


few years. However, two critical perspectives are lacking from Perino’s argument. First, if the abatement efforts are permanent, rather than temporary, the waterbed effect is probably


restored. Second, if abatement efforts take place later, cumulative emissions will increase rather than decrease. This is a preview of subscription content, access via your institution


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FAQs * Contact customer support REFERENCES * Perino, G. New EU ETS Phase 4 rules temporarily puncture waterbed. _Nat. Clim. Change_ 8, 262–264 (2018). Article  Google Scholar  * Ellerman,


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with emission permit cancellation to keep CO2 prices up. _Carbon Market Watch_ (5 February 2019); https://go.nature.com/2jUdOQz * Rosendahl, K.E. _EU ETS and the New Green Paradox_ Working


Paper No. 7645 (CESifo, 2019); https://www.cesifo.org/en/publikationen/2019/working-paper/eu-ets-and-new-green-paradox * Gerlagh, R. & Heijmans, R. J. R. K. Climate-conscious consumers


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Carbon, 2018). Download references ACKNOWLEDGEMENTS I thank R. Gerlagh and Y. Qin for helpful comments, and the Research Council of Norway (Norens project) for financial support. AUTHOR


INFORMATION AUTHORS AND AFFILIATIONS * Norwegian University of Life Science, Ås, Norway Knut Einar Rosendahl Authors * Knut Einar Rosendahl View author publications You can also search for


this author inPubMed Google Scholar CORRESPONDING AUTHOR Correspondence to Knut Einar Rosendahl. ETHICS DECLARATIONS COMPETING INTERESTS The author declares no competing interests.


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and permissions ABOUT THIS ARTICLE CITE THIS ARTICLE Rosendahl, K.E. EU ETS and the waterbed effect. _Nat. Clim. Chang._ 9, 734–735 (2019). https://doi.org/10.1038/s41558-019-0579-5


Download citation * Received: 27 March 2019 * Accepted: 20 August 2019 * Published: 25 September 2019 * Issue Date: October 2019 * DOI: https://doi.org/10.1038/s41558-019-0579-5 SHARE THIS


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