1 An introduction to carbon markets -- 2 Toward a principle-based assessment of regulatory frameworks for carbon markets -- 3 Baseline-and-credit systems -- 4 Cap-and-trade systems -- 5 Cross-cutting risks -- 6 toward effective market oversite.
Summary:
Carbon markets - both emission trading systems and baseline and credit systems - are an increasingly common policy instrument being introduced to address climate change mitigation. However, their design is crucial to ensure that they deliver cost-effective emission reductions while maintaining environmental integrity. This Element puts together a comprehensive, principle-based overview of the risks and abuses to environmental integrity and cost effectiveness that have emerged for carbon markets at all jurisdictional levels around the world, provides concrete examples, and offers effective policy and governance solutions to overcome such risks. This title is also available as Open Access on Cambridge Core.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.