English
 
Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT
Add to Basket
 Local TagsRelease HistoryDetailsSummary
  The European Union Emissions Trading System Market Stability Reserve: Does It Stabilize or Destabilize the Market?

Perino, G., Willner, M., Quemin, S., Pahle, M. (2022): The European Union Emissions Trading System Market Stability Reserve: Does It Stabilize or Destabilize the Market? - Review of Environmental Economics and Policy, 16, 2, 338-345.
https://doi.org/10.1086/721015

Item is

 

show all hide all

Basic

show hide
Item Permalink: https://publications.pik-potsdam.de/pubman/item/item_27329 Version Permalink: https://publications.pik-potsdam.de/pubman/item/item_27329_1
Genre: Journal Article

Files

show Files
hide Files
:
Perino et al 2022 The EU ETS Market Stability Reserve - Does it stabilize or destabilize the market REEP.pdf (Any fulltext), 270KB
 
File Permalink:
-
Name:
Perino et al 2022 The EU ETS Market Stability Reserve - Does it stabilize or destabilize the market REEP.pdf
Description:
-
Visibility:
Private
MIME-Type / Checksum:
application/pdf
Technical Metadata:
Copyright Date:
-
Copyright Info:
-
License:
-

Locators

show

Creators

show
hide
 Creators:
Perino, Grischa1, Author
Willner, Maximilian1, Author
Quemin, Simon2, Author              
Pahle, Michael2, Author              
Affiliations:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, Potsdam, ou_persistent13              

Content

show
hide
Free keywords: -
 Abstract: The Market Stability Reserve (MSR) was introduced into the European Union Emissions Trading System to address a historical surplus of emission allowances and to improve the system’s resilience to major shocks through automatic adjustments to the supply of allowances. We summarize the main strengths and weaknesses of the MSR and identify when it stabilizes the market as intended, as well as when it is destabilizing. We argue that recently proposed design changes strengthen both its stabilizing and destabilizing effects. We conclude that a price-based supply adjustment mechanism would help to address the main shortcomings rooted in the banking-based approach of the current MSR design.

Details

show
hide
Language(s): eng - English
 Dates: 2022-07-142022-07-14
 Publication Status: Finally published
 Pages: 8
 Publishing info: -
 Table of Contents: -
 Rev. Type: Peer
 Identifiers: DOI: 10.1086/721015
MDB-ID: No data to archive
PIKDOMAIN: RD3 - Transformation Pathways
Organisational keyword: RD3 - Transformation Pathways
Research topic keyword: Climate Policy
Research topic keyword: Carbon Pricing
Regional keyword: Europe
 Degree: -

Event

show

Legal Case

show

Project information

show

Source 1

show
hide
Title: Review of Environmental Economics and Policy
Source Genre: Journal, SCI, Scopus
 Creator(s):
Affiliations:
Publ. Info: -
Pages: - Volume / Issue: 16 (2) Sequence Number: - Start / End Page: 338 - 345 Identifier: CoNE: https://publications.pik-potsdam.de/cone/journals/resource/Review-Environmental-Economics-Policy
Publisher: University of Chicago Press