The Carbon Market Challenge: Preventing Abuse Through Effective Governance

by Regina Betz, Axel Michaelowa, Paula Castro, Raphaela Kotsch, Michael Mehling

Overview

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.

Product Details

ISBN-13:	9781009216470
Publisher:	Cambridge University Press
Publication date:	10/06/2022
Series:	Elements in Earth System Governance
Pages:	100
Product dimensions:	5.98(w) x 8.98(h) x 0.24(d)

Table of Contents

1. An Introduction to Carbon Markets; 2. Towards 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. Towards Effective Market Oversight.