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

IF 4.2 2区经济学 Q1 AGRICULTURAL ECONOMICS & POLICY

Annual Review of Resource Economics Pub Date : 2023-07-07 DOI:10.1146/annurev-resource-111820-030145

S. Borghesi, M. Pahle, Grischa Perino, Simon Quemin, Maximilian Willner

引用次数: 1

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. 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.

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欧盟排放交易体系中的市场稳定储备:一个批判性的回顾

在经历了大约十年的低价格之后，欧盟排放交易体系得到了市场稳定储备(MSR)的补充，该储备根据市场结果调整配额供应。我们批判性地回顾了针对几个政策目标评估MSR绩效的文献。在这样做时，我们涵盖了概念方面和数量评估。最后，我们指出了重要的政策含义和有待进一步研究的开放性问题。《资源经济学年度评论》第15卷的最终在线出版日期预计为2023年10月。修订后的估计数请参阅http://www.annualreviews.org/page/journal/pubdates。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Annual Review of Resource Economics AGRICULTURAL ECONOMICS & POLICY-

CiteScore

9.40

自引率

0.00%

发文量

期刊介绍： The Annual Review of Resource Economics provides authoritative critical reviews evaluating the most significant research developments in resource economics, focusing on agricultural economics, environmental economics, renewable resources, and exhaustible resources.