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Compartmentalization of the carbon market

In: Effective Global Carbon Markets

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Abstract

The carbon market that developed under the Kyoto Protocol is both an environmental policy measure for mitigating greenhouse gas emissions, and a financial market, operating at an international level. This duality of functions underpins analysis in this chapter at a macroscopic level that tries to explain the failure of the carbon market to achieve better outcomes. Borrowing a technique from the field of study of fragmentation of international law, the theory posited is that compartmentalization in the climate regime inhibited potentially beneficial outcomes that might otherwise have been achieved.

Suggested Citation

  • ., 2020. "Compartmentalization of the carbon market," Chapters, in: Effective Global Carbon Markets, chapter 3, pages 32-51, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19894_3
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    File URL: https://www.elgaronline.com/view/9781839109478.00011.xml
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    Cited by:

    1. George Selgin, 2021. "The fiscal and monetary response to COVID‐19: What the Great Depression has – and hasn't – taught us," Economic Affairs, Wiley Blackwell, vol. 41(1), pages 3-20, February.
    2. Chang, Long & Ma, Chen & Zhang, Chenghui & Duan, Bin & Cui, Naxin & Li, Changlong, 2023. "Correlations of lithium-ion battery parameter variations and connected configurations on pack statistics," Applied Energy, Elsevier, vol. 329(C).
    3. Farooq, Abdul Samad & Zhang, Peng & Gao, Yongfeng & Gulfam, Raza, 2021. "Emerging radiative materials and prospective applications of radiative sky cooling - A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).

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