Deutsch
 
Datenschutzhinweis Impressum
  DetailsucheBrowse

Datensatz

 
 
DownloadE-Mail
  Reviewing the Market Stability Reserve in light of more ambitious EU ETS emission targets

Osorio, S., Tietjen, O., Pahle, M., Pietzcker, R. C., Edenhofer, O. (2021): Reviewing the Market Stability Reserve in light of more ambitious EU ETS emission targets. - Energy Policy, 158, 112530.
https://doi.org/10.1016/j.enpol.2021.112530

Item is

Dateien

einblenden: Dateien
ausblenden: Dateien
:
25981oa.pdf (Verlagsversion), 5MB
Name:
25981oa.pdf
Beschreibung:
-
Sichtbarkeit:
Öffentlich
MIME-Typ / Prüfsumme:
application/pdf / [MD5]
Technische Metadaten:
Copyright Datum:
-
Copyright Info:
-

Externe Referenzen

einblenden:

Urheber

einblenden:
ausblenden:
 Urheber:
Osorio, Sebastian1, Autor              
Tietjen, Oliver1, Autor              
Pahle, Michael1, Autor              
Pietzcker, Robert C.1, Autor              
Edenhofer, Ottmar1, Autor              
Affiliations:
1Potsdam Institute for Climate Impact Research, ou_persistent13              

Inhalt

einblenden:
ausblenden:
Schlagwörter: EU climate Policy, EU ETS reform, Linear reduction factor (LRF), Market stability reserve (MSR), EU ETS Phase IV
 Zusammenfassung: The stringency of the EU's Emission Trading System (ETS) is bound to be ratcheted-up to deliver on more ambitious goals as formulated in the EU's Green Deal. Tightening the cap needs to consider the interactions with the Market Stability Reserve (MSR), which will be reviewed in 2021. We analyse these issues using the model LIMES-EU. First, we examine how revising MSR parameters impacts allowance cancellations. We find that varying key design parameters leads to cancellations in the range of 2.6–7.9 Gt – compared to 5.1 Gt under current regulation. Overall, the bank thresholds, which define when there is intake to/outtake from the MSR, have the highest impact. Intake rates above 12% only have a limited effect, and cause oscillatory intake behaviour. Second, we analyse how more ambitious climate 2030 targets can be achieved by adjusting the linear reduction factor (LRF). We find that the LRF increases MSR cancellations substantially up to 10.0 Gt. This implies that increasing its value from currently 2.2% to only 2.6% could be consistent with an EU-wide target of −55% by 2030. However, MSR cancellations are subject to large uncertainty, which increases the complexity of the market and induces high price uncertainty.

Details

einblenden:
ausblenden:
Sprache(n): eng - Englisch
 Datum: 2020-07-132021-08-202021-09-042021-09-15
 Publikationsstatus: Final veröffentlicht
 Seiten: 16
 Ort, Verlag, Ausgabe: -
 Inhaltsverzeichnis: -
 Art der Begutachtung: Expertenbegutachtung
 Identifikatoren: PIKDOMAIN: Director / Executive Staff / Science & Society
PIKDOMAIN: RD3 - Transformation Pathways
Research topic keyword: Climate Policy
Organisational keyword: RD3 - Transformation Pathways
Regional keyword: Europe
DOI: 10.1016/j.enpol.2021.112530
MDB-ID: yes - 3227
Organisational keyword: Director Edenhofer
OATYPE: Hybrid Open Access
 Art des Abschluß: -

Veranstaltung

einblenden:

Entscheidung

einblenden:

Projektinformation

einblenden:

Quelle 1

einblenden:
ausblenden:
Titel: Energy Policy
Genre der Quelle: Zeitschrift, SCI, Scopus
 Urheber:
Affiliations:
Ort, Verlag, Ausgabe: -
Seiten: - Band / Heft: 158 Artikelnummer: 112530 Start- / Endseite: - Identifikator: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/energy-policy
Publisher: Elsevier