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How Much of the Carbon Footprint is in the Financial Markets: Carbon Markets’ Performance and Establishment of the Carbon Central Bank

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  • Osman Serdar Çıtak

    (İstanbul Medipol University)

Abstract

The global climate change discussion in the framework of the Kyoto Protocol has clearly emphasized the need for reliable entity and projects targeted on reduction of greenhouse gases. Carbon markets – a market-based economic solution in the fight against climate change and creates a rational ground for the financing of carbon emission reduction; have continued to grow exponentially . Finally by comparing the results of related studies, this paper discusses carbon markets’ performance and the idea of establishment of a carbon central bank

Suggested Citation

  • Osman Serdar Çıtak, 2016. "How Much of the Carbon Footprint is in the Financial Markets: Carbon Markets’ Performance and Establishment of the Carbon Central Bank," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 31(105), pages 31-46, April.
    • Handle: RePEc:acc:malfin:v:31:y:2016:i:105:p:31-46
    DOI: https://doi.org/10.33203/mfy.312131
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