Abstract
Market-based mechanisms, including carbon trading, have been used as a climate change mitigation tool for several years now in the framework of the United Nations Framework Convention on Climate Change (UNFCCC). Carbon trading occurs under compliance carbon markets, established by the 1997 Kyoto Protocol, under national and regional trading schemes such as the European Union Emissions Trading System (EU ETS) and under the voluntary carbon market where millions of carbon offsets are transacted each year.
Original language | English |
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Title of host publication | International Natural Resources Law, Investment and Sustainability |
Editors | Shawkat Alam, Jahid H. Bhuiyan, Jona Razzaque |
Place of Publication | U.K. |
Publisher | Routledge |
Pages | 350-370 |
Number of pages | 21 |
ISBN (Electronic) | 9781315726076 |
ISBN (Print) | 9781138848702 |
Publication status | Published - 2018 |
Keywords
- carbon offsetting
- climate changes
- European Union
- emissions trading