The Market Stability Reserve in Perspective

CEPS Special Reports, No. 91

18 Pages Posted: 9 Oct 2014

See all articles by Andrei Marcu

Andrei Marcu

Centre for European Policy Studies (CEPS)

Date Written: October 3, 2014


This Special Report aims to contribute to the debate on the Market Stability Reserve (MSR), which was introduced by the European Commission in a legislative proposal of January 2014. The MSR would introduce a degree of supply management into the EU Emissions Trading System (ETS). This report is the result of various meetings with ETS-stakeholders throughout 2014. It discusses the MSR’s rationale and reviews the different options available for its design, governance and timing, as well as its consequences for the functioning of the EU ETS and the EU’s climate and energy policy.

Keywords: Market Stability Reserve, MSR, EU, Emissions Trading System, ETS, ETS-stakeholders

Suggested Citation

Marcu, Andrei, The Market Stability Reserve in Perspective (October 3, 2014). CEPS Special Reports, No. 91, Available at SSRN:

Andrei Marcu (Contact Author)

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres, 1000
Brussels, 1000

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