The Carbon Market Challenge
Betz, Regina / Michaelowa, Axel / Castro, Paula / Kotsch, Raphaela / Mehling, Michael / Michaelowa, Katharina / Baranzini, Andrea
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 cos...