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Effective Global Carbon Markets

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Effective Global Carbon Markets

Networked Emissions Trading Using Disruptive Technology

9781839109478 Edward Elgar Publishing
Justin D. Macinante, Post Doctoral Researcher, Law School, University of Edinburgh, UK
Publication Date: September 2020 ISBN: 978 1 83910 947 8 Extent: c 240 pp
As numerous jurisdictions implement emissions mitigation mechanisms that put a price on carbon, this incisive book explores the emerging emissions markets and their diverse and fragmented nature. It proposes an innovative model for connecting such markets, offering a significantly more successful and expeditious achievement of climate policy objectives.

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Critical Acclaim
Contents
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As numerous jurisdictions implement emissions mitigation mechanisms that put a price on carbon, this incisive book explores the emerging emissions markets and their diverse and fragmented nature. It proposes an innovative model for connecting such markets, offering a significantly more successful and expeditious achievement of climate policy objectives.

Justin D. Macinante proposes distributed ledger technology to foster fluid markets that price carbon emissions more effectively, achieve greater scale and efficiency, and are less susceptible to manipulation. He investigates the applicable regulatory frameworks, technology design issues and governance structures for the model proposed for networking emissions trading schemes within the context of the Paris Agreement.
 
Providing a plausible and viable mechanism to achieve desired policy outcomes with economic, political and environmental benefits, Effective Global Carbon Markets will be a key resource for practitioners, policy makers and consultants alike, as well as being of value to scholars and students engaged with environmental and energy law, climate change and environmental economics.
Critical Acclaim
‘This is an extremely important book as for the first time it shows the contribution of the digital revolution and more particularly the role of distributive technologies generally in the functioning of carbon markets. It is the first time that a clear potential application of distributed ledger technology blockchain is examined for international emissions trading. This book comes ahead of its time and will undoubtedly provide an important push for using blockchain technology to improve the functioning of carbon markets. Both the academic and the practical relevance of the book should not be underestimated.’
– Michael Faure, Maastricht University, the Netherlands
Contents
Contents: PART I Introductory matters and background 1. Introduction to effective global carbon markets 2. Background: the problem of and response to climate change PART II The carbon market from three perspectives 3. Compartmentalisation of the carbon market 4. The nature of what is traded in the carbon market 5. Carbon market diversity and reasons to connect PART III 6. The networked market on distributed ledger technology – concept and theory 7. Practical implementation of the proposed networked market PART IV Analysis of the proposal 8. Governance structure for the networked market 9. Analysis of the networked market – legal issues PART V Concluding matters 10. Conclusions on effective global carbon markets Index

This title is available for institutional purchase via Elgaronline.

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eISBN: 978 1 83910 948 5
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