Hände weg vom Emissionshandel!
Owing to high certificate surpluses and, hence, low prices, the European Commission has recently decided to reform the EU Emissions Trading System (ETS) by establishing a market stability reserve. This article instead recommends retaining the ETS in its original form and reducing the surplus by a single adjustment, as this would minimize permanent politically driven interventions.
Andor, M., K. Fels, M. Frondel and S. Sommer (2016), Hände weg vom Emissionshandel!. WiSt – Wirtschaftswissenschaftliches Studium , 45, 2, 81-86