The Eternal Surplus of the Spineless Market download PDF New analysis from Sandbag shows that even with a strong Market Stability Reserve (MSR), the Emissions Trading Scheme (ETS) surplus will stay at about two billion tonnes until 2020. This means the carbon price is unlikely to rise significantly. Skills Posted on March 9, 2015 ← Voting recommendations for the MSR proposal in ENVI Response to the Consultation on revision of the EU Emission Trading System (EU ETS) Directive →