Del i serien Elgar Studies in Climate Law

Effective Global Carbon Markets

Networked Emissions Trading Using Disruptive Technology

Inbunden, Engelska, 2020

2 069 kr

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As numerous jurisdictions implement emissions mitigation mechanisms that put a price on carbon, this incisive book explores the emerging emissions markets and their diverse and fragmented nature. It proposes an innovative model for connecting such markets, offering a significantly more successful and expeditious achievement of climate policy objectives.Justin D. Macinante proposes distributed ledger technology to foster fluid markets that price carbon emissions more effectively, achieve greater scale and efficiency, and are less susceptible to manipulation. He investigates the applicable regulatory frameworks, technology design issues and governance structures for the model proposed for networking emissions trading schemes within the context of the Paris Agreement. Providing a plausible and viable mechanism to achieve desired policy outcomes with economic, political and environmental benefits, Effective Global Carbon Markets will be a key resource for practitioners, policy makers and consultants alike, as well as being of value to scholars and students engaged with environmental and energy law, climate change and environmental economics.

Produktinformation

Utgivningsdatum2020-08-14
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
SerieElgar Studies in Climate Law
FörlagEdward Elgar Publishing Ltd
ISBN9781839109478

Tillhör följande kategorier

Miljövetenskap och miljöpolitik inom Naturvetenskap och teknik
Folkrätt inom Juridik
Miljöekonomi inom Ekonomi och Ledarskap
Upphandlingsrätt inom Juridik

Contents: PART IIntroductory matters and background 1. Introduction to effective global carbon markets 2. Background: the problem of and response to climate change PART II The carbon market from three perspectives 3. Compartmentalisation of the carbon market 4. The nature of what is traded in the carbon market 5. Carbon market diversity and reasons to connect PART III 6. The networked market on distributed ledger technology – concept and theory 7. Practical implementation of the proposed networked market PART IVAnalysis of the proposal 8. Governance structure for the networked market 9. Analysis of the networked market – legal issues PART V Concluding matters 10. Conclusions on effective global carbon markets Index

'This is a ground-breaking book. It offers a wonderful combination of cutting-edge research with practical engagement on a profound question in climate change policy: how in reality to foster international carbon pricing. It starts from the right premise, of inevitably different systems emerging from governments around the world - and shows how modern information technology could be applied to solve the practical and political conundrum of how they could then be linked.'--Michael Grubb, University College London, UK'Blockchain has become a buzzword of late, including in the realm of climate policy. Its appeal stems as much from a vague promise to revolutionize complex processes as from the fact that it is often barely understood. Not so in this new book by Justin Macinante: as one of the very few experts who combine practical experience in carbon trading with critical analysis of distributed ledger technology, he offers a bold vision for the future of market-based climate cooperation that is backed up by unparalleled technical detail. A pioneering treatise that will set the standard for all future work on the topic.'--Michael Mehling, Massachusetts Institute of Technology, US'Carbon markets, where properly designed and adopted, have proved an effective mechanism to address climate change. However, with the exception of certain mechanisms under the Kyoto Protocol, their implementation has tended to be largely fragmented. Macinante provides an effective pathway for linking global carbon markets, reminding us that ultimately such markets, and their role in addressing climate change, should be seen as a central part of our global financial system.'--Martijn Wilder, Founding Partner, Pollination Group