Author Description
Since 2005 the carbon market has grown to a value of nearly 100 billion per annum. This new book examines all the main legal and policy issues which are raised by emissions trading and carbon finance. It covers not only the Kyoto Flexibility Mechanisms but also the regional emission trading scheme in the EU and emerging schemes in the US, Australia, and New Zealand. The Parties to the 1992 UN Framework Convention are in the process of negotiating a successor regime to the 1997 Kyoto Protocol whose first commitment period ends in 2012. As scientists predict that the threat of dangerous climate.
Menrva's Summary
THE THESIS
This text investigates the complex legal and policy frameworks governing global carbon markets and emissions trading systems in the wake of the Kyoto Protocol. The authors, Charlotte Streck and David Freestone, leverage their expertise in international environmental law to analyze the regulatory mechanisms that facilitate carbon finance. They provide a comprehensive assessment of how legal structures evolve to address the challenges of climate change mitigation and market-based environmental regulation.
THE SCOPE MAP
What You Will Find
- Analysis of the Kyoto Flexibility Mechanisms and their operational legal frameworks.
- Comparative study of regional emissions trading schemes in the EU, US, Australia, and New Zealand.
- Examination of the transition from the 1997 Kyoto Protocol to subsequent international climate regimes.
Scope Limits
- The analysis is bounded by the regulatory landscape existing around the 2012 transition period and does not cover post-2012 developments.
- The text focuses primarily on legal and policy structures rather than the technical scientific data of climate change.
THE AUTHORITY PERSPECTIVE
Legal scholars and policy analysts frequently cite this work as a foundational reference for understanding the early development of international carbon finance law. Experts note that the text provides a rigorous, high-density examination of the regulatory hurdles inherent in global emissions trading systems.
Page Count:
3018
Publication Date:
2009-01-01
Publisher:
Oxford University Press
ISBN-10:
0191722022
ISBN-13:
9780191722028
Economics
Law
International relations
Climate Change
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