The Market Stability Reserve

In the short term, there is no leeway for the commission to increase the total volume of allowances availabble in the market. But they can provide a very limited amount of allowances that otherwise would not be made available to the market. And more importantly, they can front load allowances from future years auctions. The tina at the moment stands at about one point five billion tons. Until that number falls to 833 million, we will continue to see with drawals from the market rather than injections into the market.