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

Borghesi, Simone, Pahle, Michael, Perino, Grischa, Quemin, Simon and Willner, Maximilian (2023) The market stability reserve in the EU emissions trading system: a critical review. Annual Review of Resource Economics, 15. pp. 131-152. ISSN 1941-1340

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Identification Number: 10.1146/annurev-resource-111820-030145

Abstract

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.

Item Type: Article
Additional Information: © 2023 The Author(s)
Divisions: Grantham Research Institute
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences
H Social Sciences > HB Economic Theory
Date Deposited: 26 Oct 2023 15:42
Last Modified: 16 Jun 2024 22:15
URI: http://eprints.lse.ac.uk/id/eprint/120548

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