The long-term impact of the market stability reserve on the EU emission trading system
Sign Up to like & getrecommendations! Published in 2020 at "Energy Economics"
DOI: 10.1016/j.eneco.2020.104746
Abstract: Abstract To provide a strong price signal for greenhouse gas emissions abatement, Europe decided to strengthen the European Union Emissions Trading System (EU ETS) by implementing a market stability reserve (MSR) that includes a cancellation… read more here.
Keywords: stability reserve; long term; trading system; linear reduction ... See more keywords
Dynamic supply adjustment and banking under uncertainty in an emission trading scheme: The market stability reserve
Sign Up to like & getrecommendations! Published in 2019 at "European Economic Review"
DOI: 10.1016/j.euroecorev.2019.05.013
Abstract: We study the impact of a supply management mechanism (SMM) similar to the Market Stability Reserve proposed in 2015 which preserve the overall emissions cap and we comment on the recent cap-changing amendments. We provide… read more here.
Keywords: stability reserve; banking; supply; market stability ... See more keywords
EVOLUTIONARY COMPETITION AND PROFIT TAXES: MARKET STABILITY VERSUS TAX BURDEN
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DOI: 10.1017/s1365100516000985
Abstract: The seminal cobweb model by Brock and Hommes reveals that fixed-point dynamics may turn into increasingly complex dynamics, as firms switch more quickly between competing expectation rules. While policy makers may be able to manage… read more here.
Keywords: tax burden; tax; profit; market stability ... See more keywords