The market stability reserve in the EU emissions trading system : a critical review

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dc.contributor.authorBORGHESI, Simone
dc.contributor.authorPAHLE, Michael
dc.contributor.authorPERINO, Grischa
dc.contributor.authorQUEMIN, Simon
dc.contributor.authorWILLNER, Maximilian
dc.date.accessioned2023-10-31T08:10:49Z
dc.date.available2023-10-31T08:10:49Z
dc.date.issued2023
dc.descriptionPublished online: 7 July 2023en
dc.description.abstractHaving 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.en
dc.identifier.citationAnnual review of resource economics, 2023, Vol. 15, No.1, pp. 131-152en
dc.identifier.doi10.1146/annurev-resource-111820-030145
dc.identifier.endpage152en
dc.identifier.issn1941-1340
dc.identifier.issn1941-1359
dc.identifier.issue1en
dc.identifier.startpage131en
dc.identifier.urihttps://hdl.handle.net/1814/75985
dc.identifier.volume15en
dc.language.isoenen
dc.orcid.uploadtrue*
dc.publisherAnnual Reviewsen
dc.relation.ispartofAnnual review of resource economicsen
dc.relation.ispartofseries[Florence School of Regulation]en
dc.relation.ispartofseries[Climate]en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rights.licenseAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.titleThe market stability reserve in the EU emissions trading system : a critical reviewen
dc.typeArticleen
dspace.entity.typePublication
person.identifier.other27881
relation.isAuthorOfPublicationd693272e-61c3-473a-8db7-951c03714ceb
relation.isAuthorOfPublication.latestForDiscoveryd693272e-61c3-473a-8db7-951c03714ceb
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