Knopf, Brigitte; Koch, Nicolas; Grosjean, Godefroy; … - Fondazione ENI Enrico Mattei (FEEM) - 2014
The central pillar of European climate policy, the European Emissions Trading System (EU ETS), is currently under … political factors and regulatory uncertainty have played a key role in the price decline. As a consequence, any reform of the EU … Market Stability Reserve proposed by the EU Commission is unlikely to address the current problem of price uncertainty and …