Carbon Markets

by Brohe, Arnaud; Eyre, Nick; Howarth, Nicholas

• ISBN13: 9781844077274
• ISBN10: 1844077276
• Format: Hardcover
• Copyright: 2009-07-31
• Publisher: Routledge

Summary

This book is a comprehensive and accessible guide to understanding the opportunities offered by regulated and voluntary carbon markets for tackling climate change. Coverage includes: an overview of the problem of climate change, with a concise review of the most recent scientific evidence in different fields; a highly accessible overview of the economic theory and different constitutive elements of a carbon allowances market; explanation of the Kyoto Protocol's flexibility mechanisms; explanation of how the EU Emissions Trading Scheme works in practice; coverage of regulated carbon markets in Australia, New Zealand and South Africa; ongoing developments in regulated carbon markets in the USA, Canada, and Japan; global voluntary carbon markets. Combining theoretical aspects with practical applications, this book is for business leaders, financiers, carbon traders, lawyers, bankers, researchers, policy makers and anyone interested in market-mechanisms to mitigate climate change.

Table of Contents

List of Figures, Tables and Boxes	p. vi
Acknowledgements	p. x
Foreword	p. xii
List of Acronyms and Abbreviations	p. xviii
Introduction	p. xxiii
Climate Change	p. 1
Emissions Trading: A New Tool for Environmental Management	p. 20
The Kyoto Protocol	p. 60
The EU Emissions Trading Scheme	p. 107
US Carbon Markets	p. 153
Emissions Trading in Australia	p. 198
Other Emerging Mandatory Schemes	p. 244
Voluntary Offsetting Market	p. 274
Conclusion: Carbon Markets in the Age of Uncertainty	p. 288
Index	p. 295
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