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The Carbon Market Challenge: An Open Access Handbook on Carbon Market Regulation

How can we evaluate carbon market design options in a systematic and objective way? Carbon markets are created through political processes to achieve climate policy goals. For this reason, they must comply with legal, economic, and environmental principles generally associated with policy instruments, or more specifically related to the creation and functioning of a market.

The Carbon Market Challenge

Preventing Abuse Through Effective Governance

Carbon markets – both emission trading systems and baseline and credit systems – are an increasingly common policy instrument being introduced to address climate change mitigation. However, their design is crucial to ensure that they deliver cost-effective emission reductions while maintaining environmental integrity. This Element puts together a comprehensive, principle-based overview of the risks and abuses to environmental integrity and cost effectiveness that have emerged for carbon markets at all jurisdictional levels around the world, provides concrete examples, and offers effective policy and governance solutions to overcome such risks. This title is also available as Open Access on Cambridge Core.


Authors: Regina Betz, Axel Michaelowa, Paula Castro, Raphaela Kotsch, Michael Mehling, Katharina Michaelowa und Andrea Baranzini

Published online by Cambridge University Press:  12 September 2022


Available here: DOI: https://doi.org/10.1017/9781009216500