The Design and Implementation of Greenhouse Gas Emissions Trading
C. Carlarne, K. Gray and R. Tarasofsky (eds.), The Oxford Handbook of International Climate Change Law (Oxford University Press), 2014, Forthcoming
15 Pages Posted: 15 Sep 2013
Date Written: September 13, 2013
This paper offers a cross-jurisdictional analysis of the ways in which mandatory emissions trading schemes have been designed and implemented. More specifically, it examines various design and implementation choices made by regulators across the globe. It shows, first, that these choices have strongly influenced the (perceived) performance of emissions trading; and, second, that these choices themselves are dependent on contextual factors, thereby explaining divergence in emissions trading design and implementation.
Keywords: carbon markets, emissions trading, EU ETS, offsets, policy diffusion
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