The Evolution of Carbon Markets Design and Diffusion

• Other Authors: Wettestad, Jørgen 1955- (Editor), Gulbrandsen, Lars H. (Editor)
• Format: Book
• Language: English
• Published: London ; New York Routledge 2018
• Series: Transforming environmental politics and policy
• Subjects: Emissions trading > Case studies; Carbon taxes > Case studies
• Online Access: Click Here to View Status and Holdings.

 Carbon markets are developing and expanding around the world, but how and to what extent is their design shaped by learning and interaction between them? How do these markets function and what is the role of design? Carrying out a ground-breaking analysis of their design and diffusion, this book covers all the major carbon market systems and processes around the world: the EU, RGGI, California, Tokyo, New Zealand, Australia, China, South Korea and Kazakhstan. It offers a systematic, in-depth discussion and comparison of the key design features in these systems with expert contributors exploring how, and to what extent, these features have been shaped by central policy diffusion mechanisms and domestic politics. By focussing on the specific design features of the instruments used, this volume makes important contributions to diffusion theory, highlighting how ETS diffusion processes more often have resulted in design divergence than convergence, and discussing the implications of this finding for the vision of linked systems in the post-Paris era. It will be of significant interest to a broad audience interested in the emergence, evolution, functioning and interaction of carbon markets.