Financial Market Reform and the Implications for Carbon Trading

Concerns about regulating carbon markets became an increasingly integral part of the climate policy debate in the aftermath of recent episodes of market abuse and failure. In the absence of an existing comprehensive system of market oversight for carbon trading, policymakers drafting market-based climate legislation started including a range of market oversight provisions to help ensure that a new market, potentially valued in the hundreds of billions of dollars a year, would function properly.

Author(s): Joshua Schneck and Jonas Monast

Published: January 2011

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