Emissions Trading Schemes Under International Economic Law
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Emissions Trading Schemes Under International Economic Law
Author | : James F. Munro |
Publisher | : |
Total Pages | : |
Release | : 2018 |
Genre | : Emissions trading |
ISBN | : 9780191867101 |
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The announcement by China that it will implement a national emissions trading scheme confirms the status of this instrument as the pre-eminent policy choice for mitigating climate change. China will join the dozens of existing and emerging schemes around the world - from the EU to California, South Korea to New Zealand - that use carbon units (otherwise known as emissions permits or carbon credits) to trade in greenhouse gas emissions in a multi-billion dollar global carbon market. However, to date, there has been no consensus about this pre-eminent policy instrument being regulated by international economic law through the World Trade Organization, international investment agreements, and free trade agreements.
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