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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

Abstract: 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)
Date: 2015
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DOI: 10.1016/j.jup.2015.05.002

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