排放交易
弹性(材料科学)
欧洲联盟
经济
心理弹性
碳市场
理论(学习稳定性)
自然资源经济学
国际经济学
货币经济学
温室气体
业务
市场经济
计算机科学
生态学
机器学习
生物
心理学
物理
心理治疗师
热力学
作者
Grischa Perino,Maximilian Willner,Simon Quemin,Michael Pahle
摘要
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.
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