Legal Aspects of Carbon Trading Kyoto, Copenhagen and Beyond (eds. D. Freestone and C. Streck) - book review
Article from: OGEL 1 (2011), in Book Reviews and Related Material
Five years ago, the Kyoto Protocol came into force. Setting in place three market mechanisms - namely emissions allowance trading, the Clean Development Mechanism (CDM) and the Joint Implementation mechanism (JI) - it led to the emergence of an international carbon market. Today the future of the carbon market is still afflicted with uncertainty. In fact, it is this uncertainty that is one of the key underlying themes throughout the book. The total of 27 chapters are connected by their dealings with the regulatory uncertainty, the inherent experimental aspects of a market-based ...