skip to Main Content

The Carbon Market Challenge: Preventing Abuse Through Effective Governance

Betz, R., Michaelowa, A., Castro, P., Kotsch, R., Mehling, M., Michaelowa, K., & Baranzini, A. (2022). The Carbon Market Challenge: Preventing Abuse Through Effective Governance. Cambridge University Press. doi: 10.1017/9781009216500


Carbon markets – both emission trading systems and baseline and credit systems – are an increasingly common policy instrument being introduced to address climate change mitigation. However, their design is crucial to ensure that they deliver cost-effective emission reductions while maintaining environmental integrity. This Element puts together a comprehensive, principle-based overview of the risks and abuses to environmental integrity and cost effectiveness that have emerged for carbon markets at all jurisdictional levels around the world, provides concrete examples, and offers effective policy and governance solutions to overcome such risks. This title is also available as Open Access on Cambridge Core.

Read open source book here

You might like these publication categories

Recent publications

Just Transitions: Promise and Contestation

Just transition prompts us to explore a number of important dimensions of Earth System Governance research, including sustainability transformations, inequality,…

Climate-smart socially innovative tools and approaches for marine pollution science in support of sustainable development

There is a complex interaction between pollution, climate change, the environment and people. This complex interplay of actions and impacts…