Can the Market Stability Reserve Stabilise the EU ETS: Commentators Hedge Their Bets

William Acworth

No 23, DIW Roundup: Politik im Fokus from DIW Berlin, German Institute for Economic Research

Abstract: In response to an imbalance between the demand and supply of permits within the European Union Emissions Trading System (EU ETS), the European Commission has proposed the introduction of a Market Stability Reserve (MSR). The MSR represents a quantity based automatic adjustment mechanism, which is designed to tackle the current surplus and introduce a degree of flexibility, allowing the system to respond to future demand side shocks. While some positive features of the MSR have been highlighted, the design, effectiveness and institutional setting have also come under criticism.

Pages: 7 p.
Date: 2014
New Economics Papers: this item is included in nep-ene, nep-eur and nep-reg
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Citations: View citations in EconPapers (4)

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