As Climate Talks Resume, Time is Running Out to Bring Low-carbon Equality to Energy Markets

摘要

As 2015 draws to a close, climate change is again in the spotlight as a result of the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change in Paris. This is an issue that has been brought into sharp focus as a result of recent early closures and further announcements in the US. This is not a result of safety assumptions or market incompatibility but of imbalances in the U.S. energy market which dates back to the late 1990s. As the European Union prepares for the introduction of a new electricity market design, policymakers would do well to heed the unfortunate lessons from the US.