Simone Borghesi's research while affiliated with Università degli Studi di Siena and other places
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Publications (5)
Having experienced low prices for about a decade, the European Union Emissions Trading System has been supplemented with the market stability reserve (MSR) that adjusts the supply of allowances to market outcomes. We critically review the literature assessing the performance of the MSR against several policy objectives. In doing so, we cover both c...
The present article describes the main insights deriving from the papers collected in this special issue which jointly provide a ‘room with a view’ on some of the most relevant issues in climate policy such as: the role of uncertainty, the distributional implications of climate change, the drivers and applications of decarbonizing innovation, the r...
Citations
... There are methodological limits to this study. In the first group of regressions, it could be argued that auctioned volumes might not be strictly exogenous: the MSR modifies auction volumes in response to an unbalance between the demand and supply of allowances (Borghesi et al., 2023). The activity of the MSR is not observable from our data since the EEX database presents only the allowances that have been auctioned. ...
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