Date: 2023
Type: Article
The market stability reserve in the EU emissions trading system : a critical review
Annual review of resource economics, 2023, Vol. 15, No.1, pp. 131-152[Florence School of Regulation], [Climate]
BORGHESI, Simone, PAHLE, Michael, PERINO, Grischa, QUEMIN, Simon, WILLNER, Maximilian, The market stability reserve in the EU emissions trading system : a critical review, Annual review of resource economics, 2023, Vol. 15, No.1, pp. 131-152[Florence School of Regulation], [Climate] - https://hdl.handle.net/1814/75985
Retrieved from Cadmus, EUI Research Repository
Having experienced low prices for about a decade, the European Union Emissions Trading System has been supplemented with the market stability reserve (MSR) that adjusts the supply of allowances to market outcomes. We critically review the literature assessing the performance of the MSR against several policy objectives. In doing so, we cover both conceptual aspects and quantitative assessments. We conclude by pointing out important policy implications and open issues for further research.
Additional information:
Published online: 7 July 2023
Cadmus permanent link: https://hdl.handle.net/1814/75985
Full-text via DOI: 10.1146/annurev-resource-111820-030145
ISSN: 1941-1340; 1941-1359
Series/Number: [Florence School of Regulation]; [Climate]
Publisher: Annual Reviews
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