Journal article, Wiley Interdisciplinary Reviews: Climate Change
Over the past 15 years, carbon markets have been set up by private and public actors at various geographic scales and with varying financial scope. The history of the early stage of carbon markets reveals a mixed record: the instrument diffused widely across the globe, while existing carbon markets performed rather slow, though anecdotal evidence suggests positive side effects on climate policymaking. Going forward, three key driving forces are likely to shape the future of emissions trading…
The Future of Emissions Trading