The Market Stability Reserve in the EU Emissions Trading System: A Critical Review

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. Expected final online publication date for the Annual Review of Resource Economics, Volume 15 is October 2023. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

• Publication year

  2023

• Venue

  Annual Review of Resource Economics

• Publication date

  2023-07-07

• Fields of study

  Not labeled

• Identifiers
  DOI 10.1146/annurev-resource-111820-030145
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

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