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The market (in-)stability reserve for EU carbon emission trading: Why it might fail and how to improve it

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  • Richstein, Jörn C.
  • Chappin, Émile J.L.
  • de Vries, Laurens J.

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.

Suggested Citation

  • Richstein, Jörn C. & Chappin, Émile J.L. & de Vries, Laurens J., 2015. "The market (in-)stability reserve for EU carbon emission trading: Why it might fail and how to improve it," Utilities Policy, Elsevier, vol. 35(C), pages 1-18.
    • Handle: RePEc:eee:juipol:v:35:y:2015:i:c:p:1-18
    DOI: 10.1016/j.jup.2015.05.002
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    References listed on IDEAS

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