Climate Trading: Development of Kyoto Protocol Markets

Description

Climate Trading provides a comprehensive overview of the emerging greenhouse gas emissions trading markets. The book covers events in the UN climate negotiations and the development of the international emissions trading system under the Kyoto Protocol. The key focus of the book is the emerging domestic and international emissions trading schemes, project based trading programmes, and the developing greenhouse gas markets. As governments implement regulations to meet domestic and international greenhouse gas emission reduction targets, it is crucial for capital market practitioners and industry to understand risks and opportunities posed by these regulations. The book offers the reader insight into the climate change problem, the concept of emissions trading, design of emerging trading schemes and the practical functioning of the greenhouse gas markets.

DEBORAH STOWELL has extensive experience in climate change policy analysis. She is associated with ECON analysis in Oslo, Norway, where she has served as senior policy advisor since 1999. Her main area of work is on the design and use of the Kyoto mechanisms (international emissions trading, joint implementation and the clean development mechanism) and analysis of international and domestic climate change policies. Ms Stowell was an advisor to the Norwegian delegation to the UN climate change negotiations from 1999 to 2001. She served as a Special Assistant in the US Department of Energy from 1994 to 1998, and was a member of the US delegation to the UN climate change negotiations from 1996 to 1998.