The Carbon Market Challenge: Preventing Abuse Through Effective Governance

Carbon markets are a key policy tool to address climate change, but their design is crucial to ensure cost-effectiveness and environmental integrity. This Element provides an overview of risks and abuses, offers concrete examples, and proposes solutions to overcome them.

Format: Paperback / softback
Publication date: 06 October 2022
Publisher: Cambridge University Press

Carbon markets, encompassing emission trading systems and baseline and credit systems, have gained widespread adoption as policy instruments to combat climate change. Their design holds immense significance in ensuring that they deliver cost-effective emission reductions while upholding environmental integrity. This Element provides a comprehensive and principles-based overview of the risks and abuses to environmental integrity and cost effectiveness that have emerged in carbon markets across different jurisdictional levels worldwide. It offers concrete examples and practical solutions to address these challenges. Additionally, this title is available as Open Access on Cambridge Core, allowing broader access to its insights and knowledge.

Carbon markets, including emission trading systems and baseline and credit systems, have emerged as increasingly popular policy instruments in response to the urgent need to address climate change mitigation. However, the design of these markets is paramount to ensure that they deliver both cost-effective emission reductions and maintain environmental integrity. This Element provides a comprehensive and principles-based overview of the risks and abuses to environmental integrity and cost effectiveness that have emerged in carbon markets across different jurisdictional levels worldwide. It offers concrete examples and practical solutions to address these challenges.

Furthermore, this Element highlights the importance of effective policy and governance frameworks to mitigate these risks and ensure the sustainability and integrity of carbon markets. It emphasizes the need for transparent and accountable mechanisms, robust monitoring and enforcement systems, and the involvement of all stakeholders to promote sustainable development and achieve climate goals.

By addressing these risks and abuses, carbon markets can play a vital role in achieving a low-carbon and sustainable future. This title is available as Open Access on Cambridge Core, allowing broader access to its insights and knowledge.

Weight: 448g
ISBN-13: 9781009216470