The Carbon Market Challenge
Preventing Abuse Through Effective Governance

Systematic overview of the risks to environmental integrity and cost effectiveness of carbon markets, with policy and governance solutions.

Regina Betz (Author), Axel Michaelowa (Author), Paula Castro (Author), Raphaela Kotsch (Author), Michael Mehling (Author), Katharina Michaelowa (Author), Andrea Baranzini (Author)

9781009216470, Cambridge University Press

Paperback, published 6 October 2022

0 pages
22.8 x 15.2 x 0.6 cm, 0.16 kg

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.

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.

Subject Areas: Technology: general issues [TB], Climate change [RNPG], Impact of science & technology on society [PDR], Science: general issues [PD], Politics & government [JP], Society & culture: general [JF]