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The world’s carbon markets

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  • Franck Lecocq

Abstract

[eng] A review of transactions on the so-called « carbon markets », both exchanges of project-based greenhouse gases emissions credits and emissions allowance trading, shows that the carbon markets are growing steadily and are maturing rapidly, driven by the twin entry into force of the Kyoto Protocol and of the EU Emissions Trading Scheme at the beginning of 2005. However, several challenges remain for the development of these markets in the medium - and long-run. . JEL classification : Q25

Suggested Citation

  • Franck Lecocq, 2006. "The world’s carbon markets," Revue d'Économie Financière, Programme National Persée, vol. 83(2), pages 11-28.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2006_num_83_2_4420
    DOI: 10.3406/ecofi.2006.4420
    Note: DOI:10.3406/ecofi.2006.4420
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    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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