Feb 22, 2019
Since the beginning, the European market for emission rights has suffered from a surplus of allowances, effectively dislocating the mechanisms that were meant to reduce emissions in the first place. With the launch of a market stability reserve, the EU now hopes to bring the market back into balance. In this seminar from SNS, Danish economic professor Peter Birch Sörensen presents his research on what could be expected from this year’s big reform of the trading system.