The market (in-)stability reserve for EU carbon emission trading: Why it might fail and how to improve it
Jörn C. Richstein,
Émile J.L. Chappin and
Laurens J. de Vries
Utilities Policy, 2015, vol. 35, issue C, 1-18
The EU parliament has accepted a proposal of the EU commission on the backloading of EU emission allowances (EUA), where the auctioning of EUAs is postponed to future time periods. The EU commission has also proposed a market stability reserve (MSR), which is a quantity-based stabilisation policy that is aimed at controlling the volume of EUAs in circulation.
Keywords: EU ETS; Carbon market; Market stability reserve; Backloading; Agent-based modelling; Electricity market (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:35:y:2015:i:c:p:1-18
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