"Market Stability Reserve" for Emission Trading (Decision)

In the EU, operators of fixed installations and aviation companies are only allowed to emit greenhouse gases where they have emission rights. The fall in the price of emission allowances results, in the Commission's view, from an "imbalance between supply and demand". It wants to remove this imbalance by introducing a "market stability reserve". Depending on market conditions, stabilisation of the allowance market will be achieved either by removing allowances from the market and placing them in the reserve, or by releasing them from the reserve and channelling them into the market.