Rushing the Impatient: Allowance Reserves and the Time Profile of Low-Carbon Investments
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Without a permanent invalidation of allowances from the reserve, the original MSR could have a negative impact on investment incentives.
“Much like Perino & Willner (2019), they find that without a permanent invalidation of allowances from the reserve, the original MSR could have a negative impact on investment incentives.”
From The Market Stability Reserve in the EU Emissions Trading System: A Critical Review (2023) · cites this paper as Perino & Willner (2019)
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- Authors
- Perino, G., & Willner, M.
- Affiliations
- Universität Hamburg (DE)
- Corresponding author
- Perino, Grischa
- Venue
- Environmental and Resource Economics
- Published
- 2019-05-18
- Volume
- 74
- Issue
- 2
- Pages
- 845-863
- ISSN
- 0924-6460 (ISSN-L)
- 1573-1502
- OpenAlex
- W2945466957
- Cited by
- 10
- References
- 38
- Citations by year
- 2025: 1 · 2023: 1 · 2022: 3 · 2021: 2 · 2020: 1 · 2019: 2
- FWCI
- 2.50
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Environmental and Resource Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Funders
- Konrad-Adenauer-Stiftung (PhD scholarship)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
- Social Sciences › Economics, Econometrics and Finance › Finance › Capital Investment and Risk Analysis
- Social Sciences › Law › EU Law and Policy Analysis
- Keywords
- emissions trading, low-carbon investment, investment timing, intertemporal arbitrage, carbon pricing
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