Sascha Kollenberg

Emissions Trading Systems (ETSs) with fixed caps lack provisions to address systematic imbalances in the supply and demand of permits in response to economic shocks. This paper proposes a new mechanism which adjusts the allocation of permits based on the current bank of permits to create a dynamic system of permit allocation. read more »

This working paper analyses the design of the market stability reserve proposed as part of the reform of the European Union emissions trading system. read more »